{"id":12134,"date":"2023-11-10T11:36:56","date_gmt":"2023-11-10T11:36:56","guid":{"rendered":"https:\/\/infundpros.com\/business\/huawei-launches-its-rival-to-teslas-model-s\/"},"modified":"2023-11-10T11:36:57","modified_gmt":"2023-11-10T11:36:57","slug":"huawei-launches-its-rival-to-teslas-model-s","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=12134","title":{"rendered":"Huawei launches its rival to Tesla\u2019s Model S"},"content":{"rendered":"
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\n Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter, which explores what you need to know about the country\u2019s rise and how it impacts the world.\n<\/p>\n<\/p>\n

\n Huawei has launched a new electric vehicle (EV) that is designed to take on Elon Musk\u2019s Tesla.\n <\/p>\n

\n The Chinese tech giant began taking preorders of the Luxeed S7, its first sedan, on Thursday. Previously, it had sold SUVs.\n <\/p>\n

\n The car, which Huawei has <\/strong>developed in partnership with Chinese automaker Chery, has a starting price of 258,000 yuan ($35,400) during the presales period. Regular sales will begin on November 28, the company said at a press conference on Thursday.\n <\/p>\n

\n Richard Yu, the company\u2019s consumer chief, unveiled the sleek four-wheeler onstage in the megacity of Shenzhen, saying it was equipped with a powerful high-voltage battery pack. He has previously said the Luxeed S7 would surpass Tesla\u2019s (TSLA) Model S \u201cin every specification.\u201d\n <\/p>\n

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\n <\/source><\/source><\/source><\/source><\/picture>\n <\/div>\n<\/div>\n

\n The comparison may be a bit of a stretch, says Mark Rainford, an automotive industry commentator based in Shanghai who hosts the YouTube channel \u201cInside China Auto.\u201d\n <\/p>\n

\n \u201cIn all honesty, I think comparisons with the Model S may be a bit ambitious on most metrics that I can find information for,\u201d he told CNN, noting that some performance metrics had not been fully released.\n <\/p>\n

\n \u201cWhere the S7 does stand out though is the 800-volt platform, which should enable very fast charging. Tesla [doesn\u2019t] yet use an 800-volt platform, so the S7 will have an edge in this area,\u201d Rainford said.\n <\/p>\n

\n The S7\u2019s 800-volt battery pack, the thinnest in the industry according to Yu, is made by Chinese EV battery giant CATL.\n <\/p>\n

\n A 15-minute charge will yield a driving range of 400 kilometers\u00a0(249 miles),\u00a0according to Yu, which surpasses the 347-kilometer range (about 216 miles) for Tesla\u2019s Model S after a similar charging period.\n <\/p>\n

\n \u201cOur range exceeds the level of our peers,\u201d he added.\n <\/p>\n

\n The US automaker, which no longer maintains a public relations team, did not immediately respond to a request for comment.\n <\/p>\n

\n Rainford said while the range comparison had not been tested, it was possible due to the battery.\n <\/p>\n

\n He noted that Tesla may have an advantage because of its strong <\/strong>Supercharger network in China, which has many stations. \u201cEase of finding a good charger \u2026 is of as much importance as its ability,\u201d he said.\n <\/p>\n

\n However, at the equivalent of $35,400, the S7 is much cheaper than the most basic Model S, which costs 698,900 yuan or $95,800 in China, Rainford said.\n <\/p>\n

\n Tesla has been forced to slash prices in China recently in response to rising competition in the world\u2019s biggest auto market.\n <\/p>\n

\n Although Huawei first made its name as a tech and telecoms giant, it has been hobbled in recent years by US export restrictions, which sent the company into a tailspin.\n <\/p>\n

\n This year, it has made no secret of its ambition to make a comeback \u2014 and create a splash in the car world. It launched its first EV in 2021.\n <\/p>\n

\n At a September company event, the company teased the release of the Luxeed S7 as well as the Aito M9, an electric SUV developed with another Chinese automaker, Seres.\n <\/p>\n

\n Yu said at the launch event that an upgraded version of the Aito M7, which was first released last year, had received more than 86,000 preorders in just 50 days.\n <\/p>\n

\n The S7 caters to female consumers \u2014 with a designated cosmetics drawer, mirror for touching up makeup and a place to stash away high heels when they\u2019re ditched in favor of flat shoes for driving \u2014 according to Huawei.\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter, which explores what you need to know about the country\u2019s rise and…<\/p>\n","protected":false},"author":1,"featured_media":12135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-12134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nHuawei launches its rival to Tesla\u2019s Model S | inFundPros<\/title>\n<meta name=\"description\" content=\"Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter, which explores what you need to know about the country\u2019s rise and how it impacts the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=12134\" \/>\n<meta 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