Micro and Small Electric Vehicle Market Enters a Phase of Differentiated Transformation, New Entrants Face Opportunities

2024/05/16
General News
-
China
After rapid development, the micro and small electric vehicle market has entered a phase of transformation with reduced market dividends and intensified competition. Over 60% of brands have exited the market, and the remaining automakers need to continuously innovate to maintain competitiveness. The user base is predominantly young women who prefer personalized designs. The market is now sinking into fifth and sixth-tier cities, where sales volume continues to grow. New entrants to the market should focus on high-sales, high-growth cities and cities with potential for growth to seize market opportunities.
Click original text link for more information
autohome
Hot News
Buick GL8 Flagship “Zhiying Shijia” Spied: 5.26 m Long, Lidar Equipped, BEV & PHEV
Buick’s upcoming GL8 flagship, the Zhiying Shijia, has been spotted. Riding on the new Xiaoyao architecture, the 5.26 m-long, 2.02 m-wide MPV offers both BEV and PHEV options. Design highlights include a closed lower grille, split vertical headlights, full-width 257-LED tail-lamp and roof-mounted lidar for advanced driver-assistance systems.
All-New GAC Toyota Wildlander to Launch November 20 with Comprehensive Redesign
GAC Toyota's all-new Wildlander, a full model change, launches November 20. Featuring Toyota's latest design language with C-shaped headlamps and full-width LED DRLs, it measures 4600/1855/1680mm with a 2690mm wheelbase. Powertrain options include a 2.0L gasoline variant (126kW), 2.0L hybrid (112kW), and 2.5L hybrid (136kW), with a plug-in hybrid version anticipated.
Genesis GV60 Magma Production Model Debuts Nov 20 with 650-HP Powertrain
The Genesis GV60 Magma production model is scheduled for global debut on November 20, likely featuring the same dual-motor all-wheel-drive system as the IONIQ 5 N with a combined output of 650 hp, enabling 3.4-second 0-100 km/h acceleration. Marking the brand's 10th anniversary and a milestone for its Magma high-performance sub-brand, the vehicle retains the concept's aggressive aerodynamic design, split-type headlights, large intakes, 21-inch titanium wheels, orange brake calipers, and a large rear spoiler for downforce.
4
JAC Group Officially Launches Its First Pure Electric E30X Model in the UAE
On July 2, 2024, JAC Group officially launched its first DI platform pure electric model, the E30X, at the La Perle Theater in Dubai, marking a significant step in promoting green and sustainable transportation solutions in collaboration with local partners. The E30X offers a revolutionary smart and eco-friendly driving experience with zero emissions and modern design, targeting environmentally conscious consumers. JAC Group plans to introduce more new energy vehicles in the UAE to enhance intelligent, safe, and high-quality travel experiences.
5
New Tavendor Debuts at Guangzhou Auto Show with 272hp EA888 Evo5 Engine
The new Tavendor will debut at the Guangzhou Auto Show featuring a redesigned exterior with diamond-pattern grille and vertical vents for a more EV-inspired look. Measuring 5007/2015/1763mm with a 2980mm wheelbase, length increases by over 50mm. Interior upgrades include a larger central touchscreen and enhanced infotainment. Power comes from the fifth-gen EA888 engine delivering 272 hp and 400 Nm, paired with a 7-speed dual-clutch transmission.
6
XPENG Indonesia Officially Opens City Store in BSD City, Tangerang
XPENG Indonesia, partnered with Erajaya Active Lifestyle and Sinar Maju Motorindo, officially launched its City Store at QBIG Mall in BSD City, Tangerang. The 648-square-meter 3S dealership integrates sales, service, and spare parts operations with modern showroom facilities and customer lounges. This expansion strengthens XPENG's market presence in Indonesia, delivering premium smart electric mobility experiences to local customers.
Copyright © RUNTO TECH LIMITED. All rights reserved.