Chinese language automobile producer Chery Auto will launch a brand new electrical automobile model within the third quarter of 2024 in a bid to realize above-average progress amid intensified competitors and slowing demand on the planet’s largest auto market, sources informed 36Kr on Tuesday. The primary mannequin below the brand new model (referred to as Yueji) shall be a plug-in hybrid sport utility automobile that includes generative AI powered by home AI agency iFlyTek. It’s scheduled for launch by the tip of this yr, the report mentioned. A companion of Jaguar Land Rover in China, state-owned automaker Chery in February launched the iCar 03 crossover, its first iCar mannequin, with a driving vary of 401 kilometers (249 miles) and a beginning value of RMB 109,800 ($15,177). Chery reported gross sales of almost 1.9 million autos in 2023, a 52% enhance on the earlier yr, greater than 70% of which have been fossil-fueled. The corporate says it expects its annual progress price to be 10%-20% larger than the business common this yr. [36Kr, in Chinese]
