Avatr is providing a brand new model of its Avatr 11 SUV accessible for this month solely at a beginning value of RMB 250,000, down from RMB 300,000 for the mannequin’s earlier entry-level model.
(Picture credit score: CnEVPost)
Changan Vehicle’s electrical automobile (EV) subsidiary Avatr Expertise is providing a brand new model of the Avatr 11 SUV for a restricted time this month, bringing the beginning value down considerably.
The EV model, backed by CATL, Huawei and Changan, introduced final night time that it is launching the Avatr 11 “Sensible Driving Mannequin” at a beginning value of RMB 250,000 yuan ($34,840).
A specification sheet on Avatr’s web site exhibits that the Avatr 11 is at the moment accessible in 5 variations, with beginning costs of RMB 300,000, RMB 335,000, RMB 350,000, RMB 360,000 and RMB 390,000 respectively.
This new variant represents a RMB 50,000 ($6,970) discount within the beginning value.
It is value noting that the brand new model is just accessible from March 1 to March 31. It is unclear if the mannequin will proceed to be supplied within the coming months.
Avatr didn’t point out how the brand new, lower-priced mannequin differs from the beforehand accessible mannequin when it comes to specs.
Avatr was previously often known as Changan Nio based by Changan and Nio (NYSE: NIO) on July 10, 2018, when every get together took a 50 p.c stake.
Nonetheless, with the introduction of latest financing over the previous few years, Nio’s stake is now diluted to lower than 1 p.c.
The Avatr 11, Avatr’s first mannequin and the primary premium automobile in China to return with Huawei Inside, Huawei’s full-stack good automobile answer, as commonplace, went on sale in August 2022.
On November 10, 2023, Avatr launched its second mannequin, the Avatr 12 sedan.
Each Avatr 11 and Avatr 12 are battery electrical autos (BEVs) and Avatr plans to launch extended-range electrical automobile (EREV) fashions to focus on a bigger market.
Avatr will launch two new fashions in 2024 and can have 4 EREVs so as to add to its manufacturing lineup, its president Chen Zhuo stated in a video program in late December.
Avatr delivered 2,457 autos in February, down 65.19 p.c from 7,059 in January, based on knowledge compiled by CnEVPost.
The Avatr 11 delivered 1,057 models in February and the Avatr 12 delivered 1,400 models.
($1 = RMB 7.1765)
Changan’s EV unit Avatr so as to add EREVs to its product lineup