Why Chinese EV Makers Are Adding Gas Engines To Their Electric Cars To Boost Sales
Portfolio Pulse from Benzinga Neuro
Chinese EV companies are increasingly adopting extended-range electric vehicles (EREVs) to address concerns over electric range and charging infrastructure. IM Motors, a unit of SAIC Motor Corp, is introducing a gas engine in its new model with a 124-mile electric range. Li Auto Inc (NASDAQ:LI) has found success with EREVs, indicating strong market demand. Other companies like Avatr Technology, Leapmotor, and Neta Auto are also developing EREVs, which use a gas engine solely as a range extender, unlike hybrids that use both power sources to drive.
February 26, 2024 | 5:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Li Auto Inc is highlighted for its successful adoption of EREVs, indicating strong market demand for such vehicles in China.
Li Auto's mention as a successful example of EREV adoption in China suggests positive market reception and potential sales growth. This could lead to increased investor confidence and a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80