Ora

Post-subsidy prices for all versions of the 2022 Ora Good Cat model were raised by RMB 6,000-7,000 ($1,100) effective March 23.

Ora will adjust the post-subsidy prices of all versions of the 2022 Good Cat model by RMB 6,000-7,000 ($1,100) starting March 23.

Ora stopped taking orders for its lower-priced Black Cat and White Cat models in mid-February, saying they were causing losses for the company.

The Black Cat and White Cat models are causing Ora huge losses, with the Black Cat losing more than 10,000 yuan ($1,580) for each unit sold.

Reduced purchase subsidies for NEVs in China and a shortage of parts supply are putting more pressure on lower-priced models.

Ora's main model, the Good Cat, sold 9,020 units in January, up 333 percent year-on-year.

Ora brand sold a record 20,926 vehicles in December, the first time it has sold more than 20,000 vehicles, despite an image crisis over the chip configuration of its hot-selling model.

Ora previously claimed that its hot-selling Good Cat model used Qualcomm's octa-core chip, but it was discovered that it was actually Intel's quad-core chip, released five years ago.

The Ora Good Cat sold 8,855 vehicles in November, up 13 percent from 7,845 in October, a record for a single month.

The Ora Good Cat sold 7,845 units in October, up 54.3 percent from September and a single-month sales high.