Energy Weekly-CHJ purchased the qualification/ENOVATE started pre-sale

Here is Energy Weekly report. We are committed to bring together all the hot topics and new launching vehicles in the new energy area.

Last week, LIFAN Group announced that the qualification of LIFAN AUTO has been transferred to CHJ. BAIC BJEV and Beijing Hyundai also released the prospect and the planning of 2019. Let’s have a look at it.

The Latest

BAIC BJEV aims at 220,000 vehicles in 2019.

According to the BAIC BJEV official, in November of this year, BAIC BJEV sold a total of 18,732 units. In the first 11 months, the cumulative sales volume was 128,368 units, a year-on-year increase of 53%. On December 16, at the 9th Global New Energy Vehicle Conference (GNEV9), Li Yixiu, deputy general manager of BAIC BJEV and general manager of BAIC BJEV Marketing, revealed in his speech: "BAIC BJEV is expected to complete the goal of 150,000 vehicles in 2018. And the sales target for 2019 is set at 220,000."

CHJ obtained production qualification by purchasing LIFAN AUTO with 650 million yuan

On the evening of December 17, LIFAN Group transferred 100% equity of Chongqing LIFAN Automobile Co., Ltd to Chongqing XINFAN Machinery Equipment Co., Ltd at a price of 650 million yuan. After the equity transfer, the LIFAN Group will no longer hold any equity interest in LIFAN Automobile Co., Ltd. According to the industry and commerce information, Chongqing XINFAN Machinery Equipment Co., Ltd. is 100% wholly-owned by Beijing CHJ Information Technology Co., Ltd. This means that CHJ will successfully acquire new energy vehicle production qualification through the acquisition of LIFAN, which is an important step for the successful mass production of Leading Ideal ONE.

According to the LIFAN Group, the LIFAN Group has two automotive production qualifications – the LIFAN automobile and the LIFAN passenger car. The production qualification for sale to CHJ is “LIFAN automobile”. According to the cooperation framework agreement between LIFAN Group and CHJ, the two parties will further cooperate in the field of new energy vehicles in the future.

Editor: BAIC BJEV has comprehensively upgraded its main models this year. The total sales volume of more than 128,000 vehicles has also led BAIC BJEV to continue to lead the Chinese pure electric auto market. Next year, BAIC BJEV will also launch an AI SUV - EX5 and the new crossover - EX3, both models have a maximum cruising range of more than 500 kilometers, which is expected to further improve BAIC BJEV 2019 sales performance.

Beijing Hyundai will launch three pure electric vehicles next year, LA FESTA electric version is coming.

On December 23, Beijing Hyundai's 10 millionth car was off the assembly line, and Beijing Hyundai officially announced that the “10 million users” system had been formed. At the ceremony, the general manager of Beijing Hyundai Motor Co., Ltd. Yin Mengyu released Beijing Hyundai 2025 long-term plan and 2019 new model planning. In 2019, Beijing Hyundai will launch 8 models, including 3 new models, 2 modified models and 3 new energy models. In addition, Yin Mengxi also revealed that the three new energy models include the electric version of ENCINO and LA FESTA.

Editor: In August, Beijing Hyundai's new Sonata PHEV was officially launched. The launch of this model represents Beijing Hyundai's comprehensive layout of EV, HEV and PHEV in the new energy field. LA FESTA, which went on sale in October this year, was sold 7,000 units within 14 days of the listing. The results are remarkable. Next year, Beijing Hyundai will launch its electric version, which will also bring more choices to users with new energy indicators.

New Models

XENIA R7 EV400: 121,800 yuan after subsidy

On December 21st, FAW Jilin XENIA R7 EV400 was officially listed. The official guidance price before the subsidy was 179,800 yuan, and the national price after subsidy was 121,800 yuan. The external design of the XENIA R7 EV400 is basically the same as that of the fuel version, but it adopts the closed grille design commonly used in electric vehicles and incorporates blue decorative strips to highlight its new energy identity.

In terms of power, XENIA R7 EV400 will be equipped with a permanent magnet synchronous motor with a maximum power of 80 kW and a peak torque of 228 Nm. In terms of cruising range, the new model will be equipped with a ternary lithium-powered battery pack with a capacity of 50.64 kWh, which can provide a maximum comprehensive operating cruising range of 375 km and a constant speed cruising range of more than 460 km.

Editor: As a pure electric vehicle, the appearance design of XENIA R7 EV400 is highly recognizable. At the same time, the comprehensive operating cruising range of 375km and the constant speed cruising range of over 460km can meet the daily needs.

ENOVATE ME7: 300,000-500,000 yuan before the subsidy

On December 17, ENOVATE ME7, the first model of DEVALC's high-end brand ENOVATE, officially began the reservation and opened for pre-sale at the 2019 Shanghai Auto Show. The price without subsidies is expected to be in the range of 300,000 to 500,000. The overall line of ENOVATE ME7 is sharp and angular. At the same time, the new model adopts the combination of 3 screens, including a 12.3-inch LCD instrument panel, a 15.6-inch central control touch screen and a 12.3-inch co-pilot entertainment screen. The contrast interior is simple and very eye-catching. In terms of configuration, the new model is equipped with a face recognition system, adaptive cruise, and automatic parking.

In terms of power, the ENOVATE ME7 is equipped with a permanent magnet synchronous motor with a maximum power of 170 kW, a peak torque of 330 Nm, and a 0-100km/h acceleration of 4.9 seconds. The battery energy density is 160Wh/kg, the NEDC's comprehensive operating cruising range is 500 kilometers, and the constant speed cruising range is 700 kilometers.

Editor: As a medium-sized SUV, the NEDC cruising range of more than 500 kilometers is still very attractive, and its price of 300,000 yuan without subsidy also makes it a good competitor. However, it’s kind of late to be delivered in the second half of next year.