It is reported that ENOVATE has completed a new round of financing of more than RMB 5 billion. According to reports, this round of financing is led by local government industry guidance funds and large state-owned banks. The funds will be used for subsequent new model research and development, intelligent manufacturing, sales channels and service system construction, brand marketing and promotion. After obtaining new financing, ENOVATE will speed up the construction of offline sales service networks such as ENOVATE brand experience stores, sales centers, service centers, and quick outlets.

ENOVATE expects to complete the goal of 30 stores in 20 cities by the end of 2020, and will cover all first-tier cities, second-tier cities and some third-tier cities by 2025. At the same time, ENOVATE will build a three-dimensional charging service system including fast charging stations, exclusive charging piles for outlets, and public charging, and join hands with major charging service providers such as State Grid and StarCharge to create an all-round charging system covering communities, commercial hotspots and highways.

Prior to this, ENOVATE's first product ME7 was launched on September 19, and a total of 5 new models were launched. In terms of appearance, ENOVATE ME7 adopts the "Pioneer Reconstruction Aesthetics" design, and the front adopts the highly recognizable "contoured shark nose" design. The wide-body style brings an impactful visual experience of energy gathering. In addition, the grille adopts a closed design, the design headlights on both sides use LED light sources, and the LED light strips under the cabin cover are connected to both sides, giving the front of the car a sense of hierarchy.

The side profile of ENOVATE ME7 is very slender, and it adopts a short suspension design at the front and rear, a two-color body and a slip-back roof design, with large-size two-color wheels, creating a good sporty atmosphere. In terms of size, the length, width, and height of the new car are 4,685mm, 1,970mm, and 1,660mm, respectively, with a wheelbase of 2,830mm.

ENOVATE ME7 uses a strip taillight. The running water turn signal and the hidden brand LOGO under the screen reflect the eclectic design concept of ENOVATE ME7. In addition, the top of the rear of the car is also equipped with a fixed spoiler to make the rear look more sporty.

In terms of power, ENOVATE ME7 will be equipped with a permanent magnet synchronous motor with a maximum power of 160kW and a peak torque of 330N·m. The new car adopts a high-energy battery system with a battery cell energy density of 258wh/kg and provides three different models. The cruising range under NEDC's comprehensive working conditions is 410km, 520km and 530km. In addition, ENOVATEME7 is also equipped with an L2 level driving assistance system, which realizes 16 intelligent driving assistance functions including ACC, APA, and AEB.