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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.

Petronas Dagangan: Restoration of Diesel Supply Within Next Two Days

Petronas Dagangan Bhd has announced the full restoration of diesel supply at its stations nationwide within the next two days. The company had earlier disclosed a diesel shortage issue affecting several Petronas stations, with the problem expected to persist until December 31, 2023.

Petronas Dagangan expressed appreciation for customers’ patience and cooperation throughout the disruption, reiterating its commitment to providing uninterrupted service.

The Ministry of Domestic Trade and Consumer Affairs (KPDN) Sarawak reported that it had not received information from Petronas regarding the supply disruption affecting stations in Sarawak and Sabah.

KPDN Sarawak stated that its Enforcement Division is actively conducting inspections and continuous monitoring at all petrol stations.

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.

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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Potential Diesel Shortages in Malaysia

The Petroleum Dealers Association of Malaysia (PDAM) has issued a cautionary statement to consumers, signalling the possibility of diesel supply shortages. According to NST, this comes after Petronas Dagangan revealed that some of its stations might face diesel shortages until Sunday. The issue is attributed to heightened demand, driven by the popularity of low diesel prices, leading to a strain on available supplies. PDAM President Datuk Khairul Annuar Abdul Aziz predicts broader supply challenges for the petroleum industry, affecting more companies from early January 2024.

Petronas Dagangan, in its recent disclosure, cited the exhaustion of the government’s subsidised diesel quota to petroleum companies as a contributing factor to the supply problem. The surge in diesel usage has been unprecedented, prompting concerns about an industry-wide shortage. Government data indicates a 37.7% increase in diesel consumption from 6.1 billion litres in 2019 to 8.4 billion litres in the past year. The number of registered vehicles using only diesel stands at 2.13 million.

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