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Xiaomi Steps Into The EV World With The SU7 – Another Tesla Killer?

Chinese tech giant Xiaomi has officially stepped into the electric vehicle (EV) market with the launch of its highly anticipated SU7 sedan. It is positioned as a high-performance electric vehicle, boasting features that could potentially challenge competitors like Tesla and Porsche.

The SU7, short for “Speed Ultra 7,” is available in two variants: a standard rear-wheel-drive model and a Max version equipped with dual-motor all-wheel drive. Xiaomi claims that the vehicle offers acceleration speeds surpassing those of rival EVs. Let’s delve into the key specifications of each version:

Standard Version:

  • Acceleration (0-100km/h): 5.28 seconds
  • Top Speed: 210km/h
  • Horsepower: 200ps
  • Torque: 400Nm
  • Recharge Range: 668km

Max Version:

  • Acceleration (0-100km/h): 2.78 seconds
  • Top Speed: 265km/h
  • Horsepower: 673ps
  • Torque: 838Nm
  • Recharge Range: 800km

One standout feature of the SU7 is its massive CATL battery, utilising Xiaomi’s proprietary Cell-To-Body (CTB) technology. The battery is integrated into the floor of the car, providing structural rigidity and optimising interior cabin space.

The company claims to have developed advanced technology, including fast-charging capabilities, to mitigate the impact of extreme cold weather on the battery, ensuring sustained performance.

The Xiaomi SU7 is expected to be available for purchase in early 2024, primarily in the Chinese market. The car will be offered in three distinctive colors: Aqua Blue, Mineral Gray, and Verdant Green. Despite the comprehensive unveiling, Xiaomi has not disclosed specific pricing details or detailed plans for international distribution at this time.

The introduction of the SU7 marks Xiaomi’s entry into the highly competitive electric vehicle landscape, joining the ranks of tech companies venturing into the future of sustainable transportation. As EV adoption continues to grow globally, Xiaomi aims to carve its niche with a high-performance and technologically advanced offering.

Aito Launches Flagship SUV, the M9, with Huawei Technology

Aito, a joint venture between Huawei and Seres in China, has introduced its flagship SUV, the Aito M9. The large six-seater SUV features modern styling, advanced technology, and entertainment options, showcasing Huawei’s influence.

The M9 includes adaptive matrix LED headlights with projectors for cinema experiences both inside and outside the vehicle. Inside, the dashboard houses a 12.3-inch digital instrument cluster, a 15.6-inch central infotainment screen, and a 16-inch front passenger screen, all running on Huawei’s HarmonyOS 4 system. The SUV also features a laser projector and retractable 32-inch panel for rear passengers, providing entertainment options.

The Aito M9’s interior offers a unique configuration, with seats that are electrically operated, providing 14-way adjustment, heating, and ventilating functions. The SUV includes safety features with 27 sensors and the latest Huawei ADS 2.0 system.

Aito offers two powertrain options for the M9: a fully electric version with dual electric motors, 523hp, and a 97.7 kWh battery pack, providing a claimed range of 630km. The range-extender version combines a turbocharged 1.5-litre engine/generator with dual electric motors and a 42 kWh or 52 kWh battery, offering 490hp a combined range between 1,362-1,402 km.

The Aito M9 is positioned above the existing M5 and M7 SUVs, competing with similarly sized models in the Chinese market, including Li Auto L9, Nio ES8, HiPhi X, and others. The SUV is available for order in China, with deliveries expected in early 2024, priced between 469,800 yuan (RM303,737) and 569,800 yuan (RM368,389).

Daihatsu Faces Potential RM3.2 billion Loss Amid Safety Test Scandal

Daihatsu Motor, a unit of Toyota Motor, is expected to incur losses exceeding 100 billion yen (around RM3.2 billion) due to the safety test scandal that recently surfaced. The estimate includes potential costs from a factory shutdown, compensation to suppliers, and additional expenses related to investigations and safety tests. Daihatsu has temporarily halted production in Japan, and although shipments in Indonesia and Malaysia have resumed, the company faces challenges in negotiating compensation with suppliers and supporting affected dealerships. If the scandal’s impact leads to consolidated losses, it would mark Daihatsu’s first such losses in 30 years.

2022 Daihatsu Rocky HYBRID

Japan accounted for about 60% of Daihatsu’s 1.42 million vehicles manufactured in the last fiscal year, playing a crucial role in Toyota’s strategy for minicars in Japan and compacts in emerging markets. Although Daihatsu contributes approximately 3% to Toyota’s total operating profit, a hit of over 100 billion yen could impact Toyota’s earnings. The scandal adds uncertainty to Toyota’s group governance, and Daihatsu may face further penalties, including the revocation of production certifications.

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Tesla Plans Model Y Facelift For 2024

Tesla’s Gigafactory in Shanghai is reportedly gearing up to produce the 2024 refresh of the Model Y, with mass production expected to commence by mid-2024. The new units are set to be manufactured in the upcoming phase of Gigafactory Shanghai, with production temporarily halted for upgrades during the New Year period. Notably, the 2024 Model Y is anticipated to feature substantial changes compared to the October 2023 update, encompassing noticeable alterations to both the exterior and interior. Tesla aims to introduce a fresh wheel design complemented by ambient lighting.

This move aligns with Tesla’s strategy to stay competitive in China’s rapidly evolving electric vehicle market, where rivals such as BYD and Xpeng plan to unveil multiple new models across different segments in 2024. November 2023 witnessed a 40% surge in new energy vehicle sales in China, encompassing pure electric cars and hybrids, according to China’s Passenger Car Association. Despite the intensifying competition, Tesla’s demand in both China and the United States appears robust, with minor price adjustments made leading up to Christmas, suggesting sustained demand.

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Ferrari 296 GTB Assetto Fiorano: A Tribute To The F2004

Ferrari Atelier unveils a limited edition of the 296 GTB Assetto Fiorano, paying tribute to Scuderia Ferrari’s 2004 Hungarian Grand Prix victory with the F2004. Limited to just five units, this special edition features a striking livery combining the metallic Rosso F1 shade with Bianco King White accents.

The design includes the iconic number 1 on the bonnet, reminiscent of Ferrari’s dominance in Formula 1 during that era.

Built on the 296 GTB platform with the Assetto Fiorano package, the special edition maintains the electrified powertrain’s formidable performance. The mid-mounted twin-turbo 2.9-litre V6, combined with an electric motor, delivers an impressive 819hp and 740Nm of torque.

Additional features include carbon fibre elements, Multimatic shock absorbers, optional carbon fibre wheels with Michelin Pilot Sport Cup 2 R tires, and distinctive interior details like embroidered headrests depicting the Hungaroring track and the Hungarian flag.

This limited-edition Ferrari serves as a nostalgic celebration of the brand’s historic achievements in Formula 1, offering an exclusive and visually stunning tribute to the F2004’s triumph.

Ferrari has maintained its tradition of exclusivity, limiting the production to just five units. The Italian automaker confirmed that all five of these special editions have been sold to customers in Hungary but did not reveal the pricing.

Toyota, Honda, Isuzu and Mitsubishi Set To Invest US$5 billion in Thailand

A spokesperson for the Thai government announced recently that major Japanese automakers are set to invest a total of 150 billion baht ($4.34 billion or over RM20 billion) in Thailand over the next five years, bolstering the country’s shift towards electric vehicle (EV) production.

Toyota Motor and Honda Motor are each contributing around 50 billion baht, while Isuzu Motors is investing 30 billion baht, and Mitsubishi Motors is committing 20 billion baht. This investment encompasses the manufacturing of electric pickup trucks.

During a recent trip to Japan by Thailand’s Prime Minister Srettha Thavisin, agreements with these Japanese automakers were solidified. Although Japanese manufacturers have long dominated Thailand’s automotive sector, the rise of Chinese EV makers has introduced new dynamics, with notable investments being made in recent times.

The spokesperson, Chai Wacharoke, highlighted that the Japanese automakers’ investment aligns with the Thai government’s strategy to transition from traditional combustion engine vehicles to electric alternatives.

Despite requests for comment by Reuters, Toyota, Honda, Isuzu, and Mitsubishi had not responded at the time of reporting.

Thailand, Southeast Asia’s second-largest economy, currently holds the position of the region’s leading car producer and exporter. The government aims to convert approximately one-third of its annual vehicle production, totaling 2.5 million units, into electric vehicles by 2030. To facilitate this transition, Thailand is introducing incentives, including tax cuts and subsidies, to attract more investment in EV manufacturing.

This move by Japanese automakers comes at a time when Chinese car manufacturers, such as BYD and Great Wall Motor, have already committed to substantial investments of $1.44 billion in new production facilities in Thailand, attracted by the favorable business environment.

In a noteworthy development, Prime Minister Srettha recently showcased industrial estates in Thailand to executives from the U.S. electric vehicle giant Tesla, signaling the country’s eagerness to attract further investments in the burgeoning EV sector.

Putin Takes Control Of Russia’s Largest Car Dealership

President Vladimir Putin has placed Russia’s largest car dealership under temporary state management, a move the Kremlin claimed was driven by commercial considerations.

However, the founder of Rolf, Russian businessman Sergei Petrov, argued that this action portrayed the country as uninvestable.

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Swedish Transport Agency Investigates Tesla Over Suspension Failures

Sweden’s Transport Agency announced on Friday that it is currently conducting an investigation into suspension failures in Tesla vehicles, a parallel effort to a similar probe initiated by Norway’s traffic safety regulator.

In an emailed statement to Reuters, the Swedish agency confirmed, “We can … confirm that investigative work is also underway with us.”

As of now, Tesla has not responded to requests for comment on the matter.

Meanwhile, the Finnish transport and communications agency informed Reuters that it has not been approached regarding any issues related to faulty suspension failures.

The Norwegian Public Roads Administration (NPRA) disclosed last Thursday that it had commenced an inquiry into Tesla in September 2022. The NPRA has asked the automaker to evaluate consumer complaints about lower rear control arms breaking on its Model S and X vehicles.

Depending on the findings, the Norwegian agency may recommend a recall of the vehicles for part replacement if they are deemed to pose a “serious risk.” Alternatively, they may conclude the investigation if no safety concerns are identified or choose to extend the review.

Regarding the Norwegian probe, the Swedish agency acknowledged that it, too, had received “a number of notifications about cars from the Tesla brand that have suffered from similar problems.” However, a spokesperson for the Swedish regulator declined to provide additional details, citing the ongoing nature of the investigation.

These inquiries in Sweden and Norway come on the heels of a Reuters investigation published earlier in the week. The report revealed that Tesla had consistently blamed drivers for frequent failures of suspension and steering parts that the company had been aware were defective for an extended period. To reduce escalating warranty costs, Tesla reportedly attempted to cut repair expenses by attributing these failures to “driver abuse.”

The investigation was based on an examination of thousands of Tesla documents and interviews with former employees, including service managers and technicians in Norway.

Aston Martin Valhalla Nears Production with V8 Power

Aston Martin’s highly anticipated Valhalla, initially introduced as the AM-RB 03, is set to enter limited production in 2024 after finalising its development. The mid-engined supercar has transitioned from a V-6 to a powerful AMG flat-plane crank 4.0-litre twin-turbo V8, coupled with two electric motors for a combined output of 998bhp and four-wheel drive capabilities.

With a top speed of 349km/h and an estimated 0-100km/h acceleration in 2.5 seconds, the Valhalla promises an exhilarating performance.

Recent photos of a prototype undergoing testing at Silverstone reveal design tweaks, including larger side cutouts for a more aggressive appearance.

The nose retains Aston Martin’s distinctive styling, and notable features include production-ready headlights, side mirrors, and a retractable rear wing. The rear of the car showcases a variant of the concept’s substantial diffuser.

While the interior of the prototype appears race-oriented, the final production model is expected to offer a more refined cabin, striking a balance between performance and practicality. Limited to just 999 units, the Aston Martin Valhalla represents a high-performance, exclusive offering for enthusiasts.

Volvo Set To Launch the S90’s EV Successor – The ES90

2021 Volvo S90 T8 Recharge PHEV

Volvo’s upcoming electric vehicle, the ES90, is set to replace the S90, marking the automaker’s commitment to electrification.

Built on the SPA2 platform, the mid-size luxury sedan will feature one or two electric motors and a substantial 111 kWh gross or 107 kWh net battery, providing a range of over 600km. The ES90 will be slightly larger than its internal combustion engine counterpart, measuring 4,999 mm in length, 1,945 mm in width, and 1,547 mm in height, with a wheelbase of 3,102 mm.

Internally known as Project V551, the all-wheel-drive ES90 is expected to weigh 2600kg, while the single-engine variant will weigh 2500kg.

Production is scheduled to begin in May 2024, with the first customer deliveries anticipated in mid-2025. The ES90 will initially be available in China and Europe, with a particular focus on expanding into markets such as the United States. There are no reports of it being introduced into the Malaysian market so we will just have to play the waiting game for now.

This move is part of Volvo’s broader strategy to introduce six electric models by 2026, with the new electric Volvo contributing to the brand’s commitment to sustainability and innovation.

Xiaomi Steps Into The EV World With The SU7 – Another Tesla Killer?

  • 29/12/2023
  • English, Global News
  • Timothy Prakash

Aito Launches Flagship SUV, the M9, with Huawei Technology

  • 28/12/2023
  • English, Global News
  • Timothy Prakash

Daihatsu Faces Potential RM3.2 billion Loss Amid Safety Test Scandal

  • 28/12/2023
  • English, Global News
  • Timothy Prakash

Tesla Plans Model Y Facelift For 2024

  • 28/12/2023
  • English, Global News
  • Timothy Prakash

Ferrari 296 GTB Assetto Fiorano: A Tribute To The F2004

  • 27/12/2023
  • English, Global News
  • Timothy Prakash

Toyota, Honda, Isuzu and Mitsubishi Set To Invest US$5 billion in Thailand

  • 27/12/2023
  • English, Global News
  • Keshy Dhillon

Putin Takes Control Of Russia’s Largest Car Dealership

  • 26/12/2023
  • English, Global News
  • Keshy Dhillon

Swedish Transport Agency Investigates Tesla Over Suspension Failures

  • 26/12/2023
  • English, Global News
  • Keshy Dhillon

Aston Martin Valhalla Nears Production with V8 Power

  • 24/12/2023
  • English, Global News
  • Timothy Prakash
2021 Volvo S90 T8 Recharge PHEV

Volvo Set To Launch the S90’s EV Successor – The ES90

  • 23/12/2023
  • English, Global News
  • Timothy Prakash
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