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(Yicai) Nov. 17 -- Fifty-nine vehicles will make their global debut at the 21st Guangzhou International Automobile Exhibition, also known as the Guangzhou Auto Show.
The Guangzhou Auto Show, which kicked off today and will end on Nov. 26, will display 20 new concept car models and 469 new energy vehicle models, including 119 from foreign brands. A total of 1,132 vehicles will be showcased in the auto show’s 220,000-square-meter exhibition area.
FAW-Volkswagen Automobile, the joint venture between China’s FAW Group and Germany’s Volkswagen Group, brought the ID.7 Vizzion at the Guangzhou Auto Show. The new model uses ID Operating System 2.0, the first car system launched by Volkswagen and Chinese NEV startup Xpeng Motors, a user interface similar to that of the Xpeng P7, and the ID Mate intelligent manager, which supports artificial intelligence voice control and color change.
Xpeng released its electric seven-seat MPV X9 at the Guangzhou Auto Show today, with presale price starting from CNY388,000 (USD53,550). Deliveries are expected to begin in January.
Li Auto’s large electric multi-purpose vehicle may also start presales at the auto show.
Geely Automobile Holdings’ electric vehicle Zeekr 007 is expected to debut at the Guangzhou Auto Show and start presales as well. The model aims to compete with the Luxeed S7, BYD Han electric vehicle, and Xpeng P7.
Huawei Technologies’ Avatr 12 and Luxeed S7, launched by the Chinese telecoms giant and carmakers Changan Automobile and Chery Automobile, respectively, may also be unveiled along with the Aito M9, resulting from the cooperation between Huawei and automaker Seres Group.
October’s car orders were in line with expectations, Soochow Securities said, adding that orders may be flat in November because customers purchased new cars during the promotion activities for the National Day holiday.
The automotive industry may continue to boom in the fourth quarter because of the Chinese economic recovery, traditional peak season for passenger cars, and improved domestic logistics market, Dongguan Securities noted.
In the first 10 months, China produced over 24 million vehicles, up 8 percent from a year earlier, and sold nearly 24 million units, up 9.1 percent in the period, according to data from the China Association of Automobile Manufacturers. Exports soared 60 percent to 3.9 million units.
China’s NEV sales were almost 7.3 million in the 10 months ended Oct. 31, up 38 percent from the same period last year and achieving a penetration rate of over 30 percent.
Editor: Futura Costaglione