Changan

Avatr, which was called Changan Nio a few years ago, has officially launched the Avatr 12 with a starting price of RMB 300,800.

The Thailand Board of Investment has issued an investment certificate to Changan, which will invest around $240 million in a NEV production plant in Thailand.

The Qiyuan A07 is available in three EREV variants and two BEV variants, a strategy that has been proven by local EV makers to be more effective in gaining sales than just offering BEVs.

Deepal's SUV model S7 delivered 10,039 units and SL03 sedan 4,697 units in August.

Avatr's post-investment valuation reached RMB 20 billion, and Nio's stake in the company dropped from 0.81 percent to 0.67 percent.

Qiyuan's product matrix will include the A-series, Q-series, and E0-series, with four models to be released within this year, including the A05, A06, A07, and Q05.

Changan's NEV production base in Thailand will have an initial annual capacity of 100,000 units, with the capacity to be raised to 200,000 units in the second phase.

Avatr's two new models, internally codenamed E15 and E16, will also go on sale in 2024.

The Avatr 12 is a mid-to-large-sized sedan that will be powered by electric motors supplied by Huawei and will be available in single-motor and dual-motor versions.

The Qiyuan A07 is a mid to large-size sedan that will be offered in BEV and EREV versions, a previous regulatory filing shows.