A pink Nezha V and black Nezha U Pro electrical automobile fashions are on show at a retailer in Shanghai on Nov. 7, 2021.
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BEIJING — Another budget-priced electrical automobile model is taking off in China, this time promoting compact SUVs.
Nezha, named after a feisty Chinese mythological character, claims its automobile deliveries greater than doubled in 2022 to surpass 152,000 autos. Most deliveries had been of the Nezha V, a compact SUV whose post-subsidy worth begins at 83,900 yuan ($12,000).
In distinction, Nio’s bigger SUVs — with an extended driving vary and lots of different options — begin round 400,000 yuan.
However, Nio delivered greater than 122,000 electrical automobiles in 2022, up by a modest 34% from the prior yr. That consists of the corporate’s premium-priced sedans.
Nio has emphasised its focus is on the extra area of interest, higher-end phase, however has hinted at plans to launch a mass market model.
In an earnings name in early November, CEO William Li stated the corporate had a gathering that…
2023-01-04 02:23:10 Upstart Chinese electrical automobile model delivered extra automobiles than Nio in 2022
Original from www.cnbc.com