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Huawei and BAIC are set to launch the Stelato S9 EREV sedan, with pre-sales in China starting soon. A significant investment of 1 billion yuan (approximately USD 138 million) aims to enhance the model's intelligence and driving range, addressing its current entry price of 399,800 yuan (about USD 55,240), which has hindered sales. The S9 EREV features a sleek design, a 1.5-litre turbocharged engine, and a powerful electric motor, with the goal of boosting annual sales from 4,688 units to 120,000.
Huawei-backed Aito is set to launch the M5 Ultra SUV on March 20, featuring Huawei's smart driving system. Pre-sales began on March 1, with a starting price of RMB 238,000 ($32,900), and customers can secure a discount by placing a pre-order. Aito, a premium new energy vehicle brand, was established by Huawei and Seres Group in December 2021.
Aito has launched pre-sales for its M5 Ultra SUV, priced at RMB 238,000 ($32,680), set to release later this month. The vehicle features advanced technology, including a 192-channel LiDAR and Huawei's high-level smart driving system, along with significant upgrades in various aspects. Aito, a premium NEV brand backed by Huawei, aims to enhance its offerings in the competitive electric vehicle market.
A senior Huawei official expressed enthusiasm for Tesla's rollout of its Full Self-Driving (FSD) software in China, highlighting the importance of safety and user experience in the competition for smart driving technology. Richard Yu emphasized Huawei's commitment to collaborating with top partners to advance China's smart driving industry, noting that their HarmonyOS-powered vehicles are leading in the market. The competition between Huawei's ADS solutions and Tesla's FSD is anticipated to intensify as both companies seek to enhance their offerings in the Chinese automobile sector.
SAIC has partnered with Huawei to develop and sell battery-powered electric vehicles, marking a strategic move as it faces declining sales and competition from BYD. The first model, expected to be the most affordable under the new brand, will feature Huawei's assisted driving system and is set to launch in Q4 2024, priced between RMB 150,000 and RMB 250,000. This collaboration aims to enhance SAIC's competitiveness in the rapidly evolving EV market.
Huawei has partnered with Hefei Yaohai State-Owned Capital Group to enhance the HarmonyOS ecosystem, develop ultra-fast charging stations, and promote smart city initiatives. FAW-Audi will unveil the new A5L at Auto Shanghai 2025, while Dreamfly Technology has secured significant funding to advance its eVTOL technology. Additionally, NEOLIX raised 1 billion yuan in a C+ financing round, and Visinex Technology is collaborating with Smarter Eye to develop L2+ ADAS solutions.
Huawei and JAC's joint brand, Maextro, will launch the S800 luxury sedan at the Shenzhen auto show at the end of May, with prices ranging from RMB 1 million to RMB 1.5 million. The model features L3 autonomous driving capabilities, EREV and BEV variants, and advanced safety systems, including 32 sensors and rear-wheel steering for enhanced agility.
The Huawei Luxeed R7 has quickly become a favorite among Chinese youth, surpassing 70,000 units sold within just three months of its launch. With 58,000 orders placed last month alone, the smart vehicle is noted for its appealing design and advanced technology, positioning it as a strong competitor against rivals like the Tesla Model Y. The car's popularity is reflected in its sales, with an order placed every 2.5 minutes, making it the top-selling pure electric SUV priced above 250,000 yuan in China.
Huawei's Harmony Intelligent Mobility Alliance has entered the competitive Chinese auto market with a new financing policy for its Luxeed S7, offering no interest for three years or low rates for five years, potentially saving customers up to CNY17,000. This move follows similar initiatives from other automakers like Nio, Tesla, and Xpeng Motors, all of which are engaging in aggressive pricing strategies amid a rapidly evolving landscape that emphasizes technological advancements in smart driving and AI integration. Industry experts predict that the next few years will be critical for market consolidation, with intelligent capabilities becoming essential for success.
Huawei is set to launch its new Pocket 3 foldable phone, which is expected to surpass Samsung's upcoming foldable series in innovation and appeal. Despite facing challenges due to U.S. sanctions affecting its manufacturing capabilities, Huawei has already outpaced Apple as the leading foldable manufacturer in 2023. Meanwhile, Samsung's Galaxy Z series has struggled with disappointing sales and performance issues, potentially hindering its competitiveness against Huawei's latest offering.
Richard Yu
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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