EV market hots up with launches

Himo Liu

Nio (9866) revealed its latest flagship sedan - the ET9 - during Nio Day 2023, while Xiaomi (1810) is set to debut its electric vehicle technology at an event tomorrow.

Nio characterizes the vehicle as an efficient mobile office and provides a 360-degree versatile tray table for rear-seat passengers, allowing adjustment at any angle.

According to Nio, the ET9 incorporates over 100 Nio full-stack technologies and 525 patented technologies.

Xiaomi announced that its EV Technology launch event tomorrow will focus solely on technology - with no product launches.

Reports suggest Xiaomi is poised to unveil three EV variants - the SU7, SU7 Pro and SU7 Max - to be launched in future.

Other leaks indicate that all three variants will share a 3,000-mm wheelbase, with the SU7 having 295 brake horsepower and the SU7 Pro and SU7 Max models boasting a combined power of 664 bhp.

The Pro and Max models feature dual electric motors, while the SU7 has a single motor.

Backed by Huawei, Aito introduced its priciest EV - the M9 - asserting that it combines unparalleled safety and luxury through the integration of Huawei's advanced technologies.

It is priced at 469,800 yuan (HK$513,631) for the range-extended hybrid and 509,800 yuan for the all-electric version.

And Changan Automobile, a Chinese automotive firm, is partnering with Ganfeng Lithium (1772) to collaborate on the development of next-generation batteries.