logo
New hybrid EV by China's Geely, Mercedes offers 1,000-mile range with lithium battery

New hybrid EV by China's Geely, Mercedes offers 1,000-mile range with lithium battery

Yahooa day ago
Smart, a joint venture between Mercedes-Benz and China's Geely, has introduced the new Electric Hybrid Drive (EHD) version of its SUV, called Smart #5, with about 155 miles of pure electric range and nearly 1,000 miles total range.
The Smart #5 EHD offers an estimated real-world range of about 250 miles (375 miles WLTP) and can recharge in under 15 minutes.
Currently, the SUV is only available as a battery electric vehicle in five trims. Rear-wheel-drive options offer either 335 or 358 horsepower with 76 or 100 kWh batteries, delivering up to 354 or 460 miles of range.
The all-wheel-drive version adds a 221-horsepower front motor, paired with a 100 kWh battery, giving it an estimated range of 361 miles or 360 miles depending on configuration.
SUV pairs turbo engine with CATL battery
Smart's new plug-in hybrid SUV uses a 1.5-liter turbo engine producing 161 horsepower, paired with a lithium iron phosphate battery from CATL. While full battery specs have not been confirmed yet, Smart says the vehicle has over 40 kWh capacity and achieves fuel efficiency of about 53 miles per gallon.
The gasoline engine functions primarily as a generator, extending the vehicle's total driving range to 995 miles according to the Chinese standard, which likely corresponds to about 620 miles in real-world conditions.
Even as a plug-in hybrid, the Smart #5 EHD drives its wheels fully on electric power, but its drivetrain is completely different from the all-electric version. A roof-mounted LiDAR sensor hints at the SUV's advanced driver-assistance features, likely enabling functions such as lane centering, adaptive cruise control, and enhanced safety systems.
2024 sales in China decline nearly 20%
In 2024, Smart sold a total of 33,427 vehicles in the Chinese market, representing a year-over-year decline of 19.37%. The sales figure fell short of the company's annual target of 50,000 units, highlighting challenges Smart faces in gaining traction in one of the world's largest EV markets.
https://www.youtube.com/watch?v=B334W8psku0&t=1s
However, despite the setback, the Chinese-German brand continues to invest in new models and technologies to regain momentum and meet future demand.
According to the most recent sales data available from March this year, Smart #1 led the lineup with 1,659 units sold. It was followed by the Smart #3, which recorded sales of 568 units, while the Smart #5 saw 344 units being sold during the same period.
Germany and the broader European market have emerged as significant buyers of the Smart #5 SUV, a trend that is already evident in the brand's recent sales data. With the Smart #5 having only recently launched across key European countries, these early sales figures are expected to convert into a steady increase in vehicle registrations over the coming months, reflecting a growing interest in compact SUVs.
Solve the daily Crossword
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China's Overcapacity Drive Faces Stubborn Oil-Refiner Revival
China's Overcapacity Drive Faces Stubborn Oil-Refiner Revival

Bloomberg

time20 minutes ago

  • Bloomberg

China's Overcapacity Drive Faces Stubborn Oil-Refiner Revival

China's oil refining sector is once again showing its knack for survival just as Beijing seeks to tackle industrial overcapacity. Of three small refiners in Shandong province that went bankrupt last year, one has resumed operations under a new owner and the other two are in talks that could see them return, according to people familiar with the matter. All are seeking crude-import quotas from the central government, they added.

Nissan Plans to Shutter Mexican Factories in Cost-Cutting Move
Nissan Plans to Shutter Mexican Factories in Cost-Cutting Move

Yahoo

timean hour ago

  • Yahoo

Nissan Plans to Shutter Mexican Factories in Cost-Cutting Move

Nissan Plans to Shutter Mexican Factories in Cost-Cutting Move originally appeared on Autoblog. Nissan may say adiós to two Mexican facilities, says report According to a new report from Automotive News, Japanese automotive powerhouse Nissan is planning to reduce its manufacturing capacity in Mexico next year by shuttering two of its plants, including one that was opened as a joint venture with German luxury automaker Mercedes-Benz. Per two sources, Nissan is expected to shut down the Civac plant in Jiutepec, Mexico, no later than March 2027, at the end of its 2026-2027 fiscal year. Like other Japanese automakers, Nissan follows a traditional fiscal year pattern known as nendo (年度), which runs from April 1 to March 31 the following year. In addition, Nissan is reportedly set to end its joint venture with Mercedes on crossover production at the 2.37 million-square-foot COMPAS factory in Aguascalientes, Mexico. According to AutoForecast Solutions, Nissan will end production of two Infiniti crossovers at the plant later this year, while Mercedes will halt GLB production during the first quarter of 2026. Nissan's first overseas factory may be on the chopping block Like the soon-to-be-shuttered Oppama plant in Japan, the 4.4-million-square-foot CIVAC factory has some historical provenance with Nissan. The Jiutepec, Mexico, facility has been making cars in Mexico since 1966, just five years after it arrived in the market. In 1972, Nissan started exporting vehicles from Civac, and in the decades since, it has built more than 6 million vehicles and created thousands of jobs in the region. Currently, Nissan produces the Navara and Latin America-market Frontier pickup trucks at the plant. However, data from AutoForecast Solutions shows that the plant is running at less than a third of its capacity, as it made just 80,000 pickups there last year. In 2025, Nissan plans to build 57,000, only a fraction of the 294,000 units it pumped out in 2016. Though the CIVAC plant was its first manufacturing plant outside Japan, according to one of the sources who spoke with Automotive News, the nearly 60-year-old plant is outdated and no longer cost-effective to operate. Another source told AutoNews that the automaker will consolidate production at the plant to two company-owned factories in Aguascalientes. The news of another potential shuttered historical Nissan plant comes on the heels of the announcement of the fate of the historic Oppama plant in Japan, which has been officially declared closed as part of the Re:Nissan restructuring and corporate austerity plan. The plant outside Tokyo has operated since 1961 as Nissan's central facility in Japan and employs about 2,400 employees. However, in a statement dated July 15, the Japanese carmaker said it will cease production by March 2028, at the end of the fiscal year 2027. As part of the Re:Nissan plan, the automaker is expected to shut down seven of its factories and reduce its bloated manufacturing capacity by nearly 30 percent to 2.5 million vehicles by the 2027 fiscal year. Plants in Japan, India, Argentina, Thailand, and South Africa are also expected to close. In a statement to AutoNews, Nissan spokesperson Brian Brockman said the moves aren't final just yet. 'However, this process has not yet been concluded,' Brockman said. 'If any decisions are made, we will provide information at the appropriate time.' Final thoughts Over the years, the CIVAC plant has produced many significant Nissan models, including the Datsun Bluebird, the Versa, the Sentra, the B13 Sentra-based Tsuru, and even the Nissan NV200 Taxi, which was made for a New York City pilot project. While this move comes as the Re:Nissan plan seeks to eliminate its unprofitable corners, it comes at the same time as the Trump administration lays down its tariffs on imported cars. As I mentioned previously, Nissan must overcome more than low sales and a bloated production capacity to save itself; it still has to play ball in its largest market, the United States. The Trump administration has currently imposed a 25% tariff on cars made in Mexico and has threatened to raise tariffs to 30% starting August 1. In response to these tariffs, Nissan has paused production of less profitable trims of the Sentra and Kicks for the U.S. market and plans to discontinue U.S. sales of the Versa next year. Nissan Plans to Shutter Mexican Factories in Cost-Cutting Move first appeared on Autoblog on Jul 21, 2025 This story was originally reported by Autoblog on Jul 21, 2025, where it first appeared.

As Trump Bets Big on Rare Earth Magnets, This Hidden-Gem Stock Could Soar
As Trump Bets Big on Rare Earth Magnets, This Hidden-Gem Stock Could Soar

Yahoo

timean hour ago

  • Yahoo

As Trump Bets Big on Rare Earth Magnets, This Hidden-Gem Stock Could Soar

Rare-earth magnets are essential components in electric vehicles (EVs), drones, missiles, and other high-tech and defense systems. For decades, China has held a dominant grip over their production, prompting growing concerns in Washington about supply chain vulnerabilities. In April 2025, those concerns escalated to the highest level. Recently, President Trump signed an executive order triggering a Section 232 investigation into U.S. dependence on imported processed critical minerals. The order followed China's suspension of exports of key heavy rare earths and magnets, a move widely viewed as an attempt to weaponize trade and disrupt U.S. industry. More News from Barchart It's Never 'Happened in the History of Tech to Any Company Before': OpenAI's Sam Altman Says ChatGPT is Growing at an Unprecedented Rate This Penny Stock Wants to Become the MicroStrategy of Dogecoin Robinhood Stock Stumbles as S&P 500 Inclusion Is Once Again Off the Table for HOOD Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Against this backdrop, the U.S. government is doubling down on efforts to secure a domestic magnet supply chain. MP Materials (MP) recently struck a high-profile deal to supply rare-earth magnets to Apple (AAPL) from its Texas plant, signaling strong commercial demand for local production. USA Rare Earth (USAR), meanwhile, is racing to establish itself as a homegrown leader, building out its Oklahoma facility and securing upstream resources to support America's strategic independence. With breakthroughs in domestic processing and bold expansion plans, USAR is emerging as a key player in the domestic rare-earth resurgence. About USAR Stock Founded in 2019, USA Rare Earth (USAR) is a micro-cap company working to build a fully integrated U.S. supply chain for neodymium-iron-boron (NdFeB) magnets. Its mission is to bolster domestic production, from mining rare-earth elements to manufacturing finished magnets, and reduce America's dependence on foreign suppliers. Over the last 52 weeks, USAR stock has surged nearly 29%, climbing from the low single digits to a market capitalization of approximately $1.32 billion. Much of the rally stemmed from investor enthusiasm following MP Materials' high-profile Apple deal, which sparked speculation that USAR could land similar partnerships, despite no official announcements. However, the stock's soaring valuation has drawn attention. With a forward price-to-earnings ratio of 73, far above the sector median of 17, USAR now trades at a significant premium, having spiked 146% from its March year-to-date lows. USAR Ambitious Projects USA Rare Earth, which went public via a SPAC merger, is rapidly building a fully integrated U.S. supply chain for NdFeB magnets, crucial for defense and clean energy technologies. The company is constructing a 310,000 sq. ft. magnet plant in Stillwater, Oklahoma, aiming to produce 5,000 metric tons annually and generate up to $800 million in revenue. The facility will utilize equipment from a decommissioned Hitachi magnet line. USAR also controls the Round Top deposit in Texas, which is rich in heavy rare earths like dysprosium and terbium. In early 2025, it produced high-purity dysprosium oxide from Round Top ore, marking a key milestone in in-house processing. Among its key milestones set recently, the company has launched an Innovations Lab; signed its first customer memorandum of understanding (MOU); and raised over $100 million this year - including a $75 million PIPE deal - to fund its expansion. CEO Joshua Ballard calls the effort a 'Manhattan Project' to reestablish U.S. dominance in rare-earth manufacturing. Financial Overview Despite USAR's lofty valuation, the company remains pre-revenue, with no sales reported to date as it continues to build out its magnet production facilities. In Q1 2025, USAR posted net income of $52,000, largely driven by one-time accounting items. On an adjusted basis, the company recorded a $12 million loss, or $0.19 per share, due to rising R&D and project expenses. USAR has raised over $100 million in 2025, including $75 million through a PIPE deal, providing capital to advance its Stillwater magnet plant. On the balance sheet, the company held $23.4 million in cash and cash equivalents, up from $16.8 million at year‑end 2024. It used $10.3 million in operating cash and $3.1 million on investing activities in the quarter, while financing activities provided $20.0 million, resulting in a net cash increase of $6.6 million for the period. Is USAR Stock a Good Buy? Wall Street analysts are bullish on USAR's growth potential, with all three in coverage giving the stock a unanimous 'Strong Buy' rating. They have set an average price target of $17.33, implying a potential upside of about 26.7% from current levels. As the U.S. ramps up efforts to break China's rare-earth dominance, USA Rare Earth is building critical infrastructure at a pivotal moment. Backed by federal momentum and investor capital, USAR is aggressively expanding its footprint. If it secures commercial deals, this under-the-radar stock could deliver explosive upside for early backers - though given its pre-revenue status, USAR is best reserved for investors with a long time horizon, and a healthier-than-usual appetite for risk. On the date of publication, Nauman Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store