Tag: EV

  • Xiaomi CEO: SU7 Deliveries Exceed 150,000 Units

    Xiaomi CEO: SU7 Deliveries Exceed 150,000 Units

    New electric vehicle manufacturer Xiaomi has successfully delivered 150,000 units of its first SU7 sedan in under a year, according to the company’s founder, chairman, and CEO, Lei Jun.

    Recent Sales Update

    In a video where Lei showcased the Xiaomi SU7’s self-driving capabilities, he revealed this latest sales milestone. Previously, he mentioned that around 135,000 units were sold in 2024, implying that approximately 15,000 units have been sold this year, 2025.

    Launch Details

    The Xiaomi SU7 made its debut on March 28, 2024, offering three different trims right from the start, with deliveries commencing in April. The Standard model is priced at RMB 215,900 ($29,800), while the Pro and Max trims are priced at RMB 245,900 ($33,900) and RMB 299,900 ($41,400), respectively.

    Future Plans

    Xiaomi is increasing its production efforts, aiming for 300,000 SU7 deliveries throughout this year. During the same presentation, Lei unveiled a limited-edition red version to celebrate the company’s 15th anniversary, which will be available for RMB 9,000 ($1,230). This special color is set to start deliveries in March.

    Additionally, Xiaomi has announced the Ultra version of the SU7, scheduled for launch in March. Pre-orders are now open for Chinese customers at a starting price of RMB 814,900 ($112,400). The company also revealed plans for its next EV, the Xiaomi YU7 SUV, which is expected to hit the market in June or July 2025.

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  • Tesla Model Y Juniper Returns to the US Market Again

    Tesla Model Y Juniper Returns to the US Market Again

    Tesla has introduced the eagerly awaited Model Y “Juniper” in China. Although the company hasn’t started accepting orders locally, recent sightings of a prototype suggest that it might be available soon.

    Exciting Prototype Sightings

    A user on X, known as @Teslaconomics, shared a video showcasing a covered Model Y “Juniper.” This vehicle was seen in Santa Clara, California, where both the front and rear bumpers were wrapped. Given that Tesla’s engineering headquarters is nearby, it makes sense that the new Model Y would be undergoing testing in this area.

    Ongoing Concealment

    Observers in the Bay Area noted some Model Ys with their front and rear parts hidden as late as 2024. It’s quite curious that Tesla still covers the prototypes, even though the updated version is set to debut in China, with deliveries expected by March 2025.

    Global Availability Still Uncertain

    Tesla has yet to announce when the Model Y “Juniper” will be ready for sale in the United States or other parts of the world. If the company’s release strategy for the Model 3 “Highland” is any indication, U.S. customers might only have to wait a few months before they can start placing orders.

    The update for the Tesla Model Y “Juniper” includes a new wide-view front camera, bringing the total camera count to eight. Some exterior modifications are also present, such as updated bumpers, light bars at both the front and back, along with aerodynamic enhancements. Inside, improvements feature a rear display screen akin to the one in the Model 3 “Highland,” ventilated seating, and better sound insulation for a more peaceful ride.

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  • Xiaomi SU7 Aims to Double 2024 Sales Target by 2025

    Xiaomi SU7 Aims to Double 2024 Sales Target by 2025

    Xiaomi has launched the SU7 in China, aiming to sell 100,000 units of this electric vehicle in 2024, even though the company had only one factory for its first EV at that time.

    Quick Success

    According to recent reports, the company accomplished this target in just 275 days, reaching the goal by November 13, 2024.

    As of now, the total number of Xiaomi SU7 orders is around 130,000, with a notable 16,328 of those placed in December 2024 alone, based on information from China EV’s DataTracker.

    Future Projections

    Xiaomi’s CEO, Lei Jun, has expressed confidence that the SU7 (which comes in standard, Pro, and Max versions) could potentially increase sales to at least 300,000 by the end of 2025. This estimate is considered conservative, especially given the current trends in the Chinese automobile market, as noted by reputable electronics industry insider Digital Chat Station.

    Additionally, the company could enhance its reputation as a newcomer in the EV sector with the upcoming YU7 SUV, along with the premium Ultra version of the SU7.

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  • BMW M Cars Go All-Electric with Quad-Motor AWD System

    BMW M Cars Go All-Electric with Quad-Motor AWD System

    BMW’s M series vehicles have always been synonymous with exceptional performance, promising an exhilarating experience for drivers. It appears that BMW is committed to maintaining this tradition as it shifts gears toward electric vehicles (EVs). The company recently showcased its first prototype EV from the M series on its YouTube channel.

    Future of BMW M Electrification

    Carsten Wolf, who is involved with Integration Vehicle Characteristics at BMW M, stated, “We will see the technical concept that we are devleoping here now, four electric motors in all BMW M High Performance vehicles at some point in the future.” This quote not only indicates that BMW plans to electrify all its M models eventually, but it also raises opinions among car enthusiasts, as reactions to this news can vary widely. Presently, the only BMW EVs wearing the M badge are part of the standard “i” family, such as the BMW i4 M50 xDrive. While these vehicles come equipped with all-wheel drive (AWD), they operate on a dual-motor system, which lacks the flexibility of a quad-motor setup.

    Anticipating the M3 EV

    It looks like the first M-series EV will be the M3, as this model will be the initial focus for BMW’s transition to electric sedans. However, the exact release date for the M3 EV remains uncertain. As it stands, BMW aims to launch the Neue Klasse-based i3 sedan in 2026, which suggests that we could potentially see an M3 EV debut around 2028 or 2029.

    A quad-motor AWD system on an electric vehicle can significantly enhance the responsiveness of the car to handling inputs. This improvement is largely due to the superior traction provided by all four wheels delivering power, along with features like torque vectoring. When executed properly, torque vectoring adjusts the power distribution to each wheel, ensuring optimal traction and speed while navigating corners.

    Enhanced Capability for SUVs

    For BMW’s SUVs, incorporating these advancements not only improves road safety for the EVs but also boosts their off-road performance. Torque vectoring can direct power only to the wheels that have grip in tough conditions. Alongside better steering, safety, and traction, quad-motor systems can enhance the effectiveness of regenerative braking, allowing all four wheels to recover energy via the motors.

    However, these advantages, whether on or off the road, may come at the expense of driving range. Therefore, it is likely that BMW will implement a way to deactivate some of the motors for an economy mode, a practice that has become increasingly standard in the industry.

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  • Polestar Acknowledges Decrease in Worldwide EV Demand, Updates Targets & Profit Projections

    Polestar Acknowledges Decrease in Worldwide EV Demand, Updates Targets & Profit Projections

    Adjusting Sales Targets in the Electric Vehicle Sector

    Polestar’s Shift in Sales Goals within the Electric Vehicle Segment

    Polestar, a key player in the realm of electric vehicles, finds itself recalibrating its approach amidst the challenging market conditions of today. Their initial aim of delivering 80,000 cars this year now transitions towards a more tempered target of 60,000 units. This strategic adjustment reflects the prevailing market dynamics; notwithstanding an uptick in sales and revenue, the company is not immune to the prevailing headwinds of subdued global demand, particularly within the electric vehicle (EV) domain.

    Surge in Sales Offset by Profit Pressures

    Despite encountering adversities, there exists a glimmer of hope. Polestar’s recent sales figures showcase a noteworthy surge, marking a fifty percent increase from the preceding year. Even as they pivot towards a reduced delivery goal, the company has successfully vended over 40,000 cars within a span of nine months – a commendable achievement within an era marked by economic constraints.

    However, the impediments extend beyond mere sales figures, encroaching upon profit margins. Projections have necessitated a downward revision from an anticipated 4% to a diminished 2%. The increment in prices has not been adequate to buoy profit margins, given the escalating operational costs characteristic of the EV industry.

    Financial Resilience and Blueprint for Tomorrow

    From a financial standpoint, Polestar finds itself in a stable position. They possess a substantial financial buffer, coupled with fresh injections of capital from Volvo Cars and a Geely Holding affiliate. This financial robustness serves as a source of reassurance for stakeholders monitoring the company’s health.

    Looking towards the horizon, Polestar does not merely idle in the waters; instead, they embark on an accelerated trajectory. An upcoming model is slated for debut in China shortly, with customer deliveries slated by the culmination of the year. By the year 2026, their intentions encompass an expansion of their product range to encompass five distinct models – embodying ambition writ large.

    However, Polestar remains cognizant of the arduous path towards profitability, acknowledging it as a marathon rather than a sprint, with aspirations for achieving a break-even point by 2025. Navigating the rough waters of the EV industry, Polestar’s voyage holds promises to carve a distinctive niche within the sector, setting the stage for a captivating narrative of progression among fellow EV manufacturers.

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