Latest news with #CLTC
Hindustan Times
3 days ago
- Automotive
- Hindustan Times
Xiaomi YU7 EV gets 2.40 lakh orders in just 18 hours. Check details
Xiaomi YU7 has a top speed of 253 kmph. Notify me The latest electric car by Xiaomi, the YU7 SUV, has created a hype within the Chinese car market since more than 240,000 bookings were reserved in just 18 hours of it hitting the markets officially. The figures indicate the mounting momentum for the tech giant's push within the electric mobility segment, barely a year after it launched its first-ever vehicle, the SU7 sedan. Orders flood in as Xiaomi's EV strategy gains traction According to reports from Car News China, Xiaomi received 200,000 refundable pre-orders for the YU7 within the first three minutes of launch. That figure surged to 289,000 within the hour, with more than 240,000 customers converting their interest into confirmed purchases shortly after. Buyers in China could choose from three ordering options: a standard pre-order that finalizes after a week, a non-refundable instant order, or a now-unavailable "priority delivery" option that guaranteed early access to the vehicle. The overwhelming response marks a significant leap for a company best known for smartphones and consumer electronics. Also Read : Xiaomi YU7 electric SUV unveiled with 835 km of range Xiaomi YU7: Design and performance Launched in May 2025, the Xiaomi YU7 takes various styling cues from the previous SU7 sedan, as well as high-end SUVs like the Porsche Macan and Ferrari Purosangue. The YU7 is available both in single- and dual-motor options. The entry model rides on rear-wheel drive, while the dual-motor variant is equipped with all-wheel drive, producing a combined power of 288kW and 528Nm. According to the CLTC test cycle, the YU7 delivers rival driving range numbers: 835 km for the rear-wheel-drive Standard version with a 96.3kWh battery, 760 km for the all-wheel-drive Pro model with the same battery, and 770 km for the top-of-the-line AWD Max, which receives a bigger 101.7kWh battery pack. Priced from 253,500 yuan (approximately ₹ 30 lakh), the YU7 beats the starting price of China's Tesla Model Y by a margin of nearly 10,000 yuan, and thus becomes an attractive value-based product in the mid-premium EV SUV category. Also watch: Xiaomi SU7 electric car makes India debut: Will the Tesla, BYD rival launch here? Global ambitions fuel anticipation Xiaomi CEO William Lu has confirmed the company's plans to expand its electric vehicle offerings worldwide in the next few years. The company aims to establish up to 10,000 retail outlets outside China by 2029 as it scales its automotive operations. While specific markets remain unannounced, Xiaomi's plans signal clear global intent. Interestingly, the SU7's success also found endorsement from outside China. Ford CEO Jim Farley earlier admitted he had been driving a Xiaomi SU7 imported to the U.S., praising the vehicle's performance and build quality. With a growing product portfolio and unprecedented early demand, Xiaomi appears to be accelerating quickly in a crowded EV race — with eyes firmly on global roads. Check out Upcoming EV Cars in India, Upcoming EV Bikes in India. First Published Date: 06 Jul 2025, 11:00 AM IST
Hindustan Times
01-07-2025
- Automotive
- Hindustan Times
Huawei unveils EV battery tech with 3,000 km range, 5 minute full charge claim
Huawei has filed a patent for a battery tech that can enable EVs for a single charge range of 3000 km Notify me Huawei has joined the debate about future-generation electric cars with a pretty radical suggestion: a battery system that might charge an EV for more than 3,000 kilometres. The work comes in the guise of a just-filed Chinese patent, which emphasizes a solid-state battery design with high energy density and speed charging. The technical description centres around a nitrogen-doped sulfide electrode configuration, aimed at curbing degradation over time. Huawei claims these cells can deliver 400–500 Wh/kg, which is about three times the energy density of current lithium-ion cells used in most EVs today. In theoretical terms, that kind of density could push a mid-sized electric car to cover roughly 3,000 km before needing a recharge. Interestingly, the required time to recharge the battery from 0-100 percent is claimed to be 5 minutes. Also Read : Huawei unveils 1 million yuan Maextro S800 EV, aims to crack luxury car market It's worth noting that the 3,000 km figure is based on the CLTC (China Light-Duty Vehicle Test Cycle), which is known for producing overly optimistic range numbers. When adjusted to more conservative standards, like the EPA cycle, the estimate drops to around 2,000 km—still far ahead of what most EVs offer. Practicality vs Possibility Building a car to accommodate that level of battery performance involves more than just cramming in tech. This would need a considerably bigger and heavier battery pack, which adds complexity and cost to production and ownership as well. To be clear, Huawei's hypothetical EV would need a battery weighing as much as a small hatchback. That essentially defeats the expense efficiency achieved in previous generations of cars, which EVs are supposed to improve upon. More likely is that manufacturers might apply this technology to build smaller, lighter batteries that still offer respectable range—perhaps 800 to 1,000 km—while improving vehicle dynamics and cost-efficiency. That direction aligns more with the needs of typical users and keeps vehicles within realistic performance and pricing brackets. Also Read : Huawei to invest $1 billion on car tech it claims can surpass Tesla's Solid-state batteries have been thought of for many years as an opportunity to leap forward in energy storage and Huawei is not the only one chasing the potential. Still, even if we can clear technical hurdles, practical adoption ultimately depends on whether the technology can become scalable and affordable, and also be integrated in a way that doesn't compromise usability. Automakers are likely to favour balanced applications of such innovations—improving range and charging times without inflating vehicle size or price. Huawei's patent points to a fascinating future where EVs could, in theory, match or exceed the convenience of internal combustion vehicles. But the usefulness of a 3,000-kilometre EV is debatable when infrastructure, affordability, and real-world habits remain key challenges. Check out Upcoming EV Cars in India, Upcoming EV Bikes in India. First Published Date: 01 Jul 2025, 10:58 AM IST
Yahoo
29-06-2025
- Business
- Yahoo
Dangerous Assumptions You Should Not Make When Planning for Retirement
Retirement is a big question mark for most people. Even with planning, there will be some gray areas and opportunities for making assumptions about what to expect or how far your money will go. Read More: Discover Now: Some assumptions, however, are dangerous to your future, and it's better to get solid information instead. Retirement experts explain which assumptions can cause problems when retirement planning and what to do instead. One of the biggest hidden risks in financial planning is underestimating healthcare and long-term care (LTC) costs, according to Kelly Augspurger, a long-term care insurance specialist and certified senior advisor at CLTC. 'It's a slippery slope, often overlooked until it's too late, and can be the difference between a secure retirement and financial chaos,' Augspurger said. Soon-to-be retirees often believe they'll self-fund care out of savings or rely on Medicare, yet she pointed out, Medicare doesn't cover custodial or LTC, and care costs are steadily rising. All of these costs can add up quickly. 'Underestimating monthly or annually can compound into major gaps over time,' said Augspurger. Augspurger recommended that soon-to-be retirees model their actual costs by using 'real numbers like Genworth medians of home care and facility care costs to project scenarios.' You can enlist a financial planner, as well, to help stress-test plans for multi-year care needs. 'It's reasonable to expect LTC costs to increase 4% to 5% or more per year.' Additionally, you can choose policies with inflation protection, she said. It may not cover all inflation each year, but it will provide a buffer. If your client is 70 or older, and an inflation rider is cost-prohibitive, you can increase the monthly benefit to try to counteract the lack of growth. Also, identify which buckets of retirement money will pay for care. See Next: One of the most dangerous assumptions is that Social Security or a pension can fully fund your retirement expenses, according to Jay Zigmont, PhD, CFP, founder of Childfree Trust. 'When living off Social Security alone, you are on a fixed income and any 'blip' can mess you up. For example, if you are just making ends meet on Social Security and you need a new car, you won't be able to afford it,' Zigmont pointed out. Be sure you're saving for retirement in multiple 'buckets' and different kinds of tax-advantaged accounts, such as a 401(k) or a Roth IRA. If you receive an employer match, contribute enough to get the maximum contribution. Most retirees overlook the importance of a tax plan in retirement, Zigmont said. 'Which assets you use, and when, will have a large impact on your retirement. If you do not plan well, you may pay more in taxes during your retirement than you did in your earning years.' The fact is, you never know what the market and inflation are going to do, Zigmont said — though the stock market tends to more than balance out if you give it enough time. 'The first five years after you retire have the biggest impact on your long-term spending. If the market is down and inflation up in your first five years of retirement, you are likely to be squeezed and may run out of money.' Diversify your investments, Zigmont urged, because 'No one investment or type of investment can be relied on 100% in retirement.' This will also give you the greatest chance at staying ahead of inflation. While you do have some control over your spending habits (barring emergencies and other unexpected costs), Zigmont said that most people follow a spending curve similar to what is called a 'retirement smile.' 'You tend to spend more at the beginning and end of your retirement. The beginning is often checking things off of your bucket list. The end of your life is expensive due to healthcare and long-term care costs.' When it comes to retirement, make sure you're always factoring in these extended costs and understand that your expenses will change as you get older and face greater health issues. Prepare in advance. More From GOBankingRates The New Retirement Problem Boomers Are Facing This article originally appeared on Dangerous Assumptions You Should Not Make When Planning for Retirement 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
Yahoo
29-06-2025
- Business
- Yahoo
Dangerous Assumptions You Should Not Make When Planning for Retirement
Retirement is a big question mark for most people. Even with planning, there will be some gray areas and opportunities for making assumptions about what to expect or how far your money will go. Read More: Discover Now: Some assumptions, however, are dangerous to your future, and it's better to get solid information instead. Retirement experts explain which assumptions can cause problems when retirement planning and what to do instead. One of the biggest hidden risks in financial planning is underestimating healthcare and long-term care (LTC) costs, according to Kelly Augspurger, a long-term care insurance specialist and certified senior advisor at CLTC. 'It's a slippery slope, often overlooked until it's too late, and can be the difference between a secure retirement and financial chaos,' Augspurger said. Soon-to-be retirees often believe they'll self-fund care out of savings or rely on Medicare, yet she pointed out, Medicare doesn't cover custodial or LTC, and care costs are steadily rising. All of these costs can add up quickly. 'Underestimating monthly or annually can compound into major gaps over time,' said Augspurger. Augspurger recommended that soon-to-be retirees model their actual costs by using 'real numbers like Genworth medians of home care and facility care costs to project scenarios.' You can enlist a financial planner, as well, to help stress-test plans for multi-year care needs. 'It's reasonable to expect LTC costs to increase 4% to 5% or more per year.' Additionally, you can choose policies with inflation protection, she said. It may not cover all inflation each year, but it will provide a buffer. If your client is 70 or older, and an inflation rider is cost-prohibitive, you can increase the monthly benefit to try to counteract the lack of growth. Also, identify which buckets of retirement money will pay for care. See Next: One of the most dangerous assumptions is that Social Security or a pension can fully fund your retirement expenses, according to Jay Zigmont, PhD, CFP, founder of Childfree Trust. 'When living off Social Security alone, you are on a fixed income and any 'blip' can mess you up. For example, if you are just making ends meet on Social Security and you need a new car, you won't be able to afford it,' Zigmont pointed out. Be sure you're saving for retirement in multiple 'buckets' and different kinds of tax-advantaged accounts, such as a 401(k) or a Roth IRA. If you receive an employer match, contribute enough to get the maximum contribution. Most retirees overlook the importance of a tax plan in retirement, Zigmont said. 'Which assets you use, and when, will have a large impact on your retirement. If you do not plan well, you may pay more in taxes during your retirement than you did in your earning years.' The fact is, you never know what the market and inflation are going to do, Zigmont said — though the stock market tends to more than balance out if you give it enough time. 'The first five years after you retire have the biggest impact on your long-term spending. If the market is down and inflation up in your first five years of retirement, you are likely to be squeezed and may run out of money.' Diversify your investments, Zigmont urged, because 'No one investment or type of investment can be relied on 100% in retirement.' This will also give you the greatest chance at staying ahead of inflation. While you do have some control over your spending habits (barring emergencies and other unexpected costs), Zigmont said that most people follow a spending curve similar to what is called a 'retirement smile.' 'You tend to spend more at the beginning and end of your retirement. The beginning is often checking things off of your bucket list. The end of your life is expensive due to healthcare and long-term care costs.' When it comes to retirement, make sure you're always factoring in these extended costs and understand that your expenses will change as you get older and face greater health issues. Prepare in advance. More From GOBankingRates 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years This article originally appeared on Dangerous Assumptions You Should Not Make When Planning for Retirement 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
The Citizen
13-06-2025
- Automotive
- The Citizen
South Africa next? BYD unwraps flagship three-row Sealion 8
Penned-in for Australia from the first quarter of 2026, the plug-in hybrid Sealion 8 could well become BYD's range-topper in South Africa should approval be given. Known as the Tang L in China, the rebadged Sealion 8 has been approved from key right-hand-drive markets. Image: Its profile in South Africa gradually starting to grow, BYD has released details of the export market Tang L that will be sold as the Sealion 8. Changing dynasties Sharing its name with the standard Tang that went on-sale in its current second generation guise in China five-years ago, the Tang L is, however, of a completely different design as it rides on BYD's Super e-Platform offering both electric and plug-in hybrid powertrains. ALSO READ: BYD Sealion 7 priced as brand's new flagship EV crossover Although part of BYD's Dynasty range of products at home, the Tang L will adopt the nameplate used by its Ocean series of products for markets outside China, which currently also comprises Seagull/Dolphin Mini, Dolphin, Seal and Shark. The fundamentals Shown as the Tang L in January, and set to be offered with five, six or seven seats as per the 'L' suffix, the Sealion 8 measures 5 040 mm long, 1 996 mm wide and 1 760 mm tall, with its wheelbase stretching 2 950 mm. Practicality-wise, the Sealion 8 has a boot capacity of 675-litres, which increases to 960-litres with the third row folded down. Dropping the middle row sees space increase further to 1 960-litres. Plug-in hybrid for export only On the power front, the Sealion 8 will only offer plug-in hybrid powertrains in contrast to the Tang L, which also comes with a fully electric powerplant. Marketed as DM-i in China, the initial setup combines a 1.5-litre turbocharged petrol engine with BYD's 29.5-kWh Blade battery pack. Powering a single motor mounted on the front axle rather than the rear, the setup produces a combined 200kW/315Nm, which BYD claims will result in 0-100 km/h taking 8.6 seconds. Interior gets BYD's trademark rotating infotainment display. Note: Interior of the BYD Tang L depicted. Image: The claimed all-electric range, based on China's CLTC regulations, is a supposed 175 km. Wearing the DM-p badging – the 'p' denoting performance – the range-topping Sealion 8 retains the same 1.5-litre turbo engine, but in combination with a second electric motor on the rear axle plus a larger 35.6-kWh Blade battery pack. The result is a combined output of 400kW/670Nm, 0-100 km/h in 4.9 seconds and a claimed CLTC electric-only range of 215 km. Spec sheet In terms of spec, the Sealion 8 will come standard a panoramic glass roof, a rotating 15.6-inch infotainment system, wireless smartphone chargers, an augmented reality Head-Up Display, fragrance dispenser, BYD's latest LiDAR system, including autonomous driving, and a 21-speaker sound system. Watch this space Penned-in for Australia, but, according to only from the first quarter of 2026, an announcement regarding the Sealion 8 for South Africa remains to be made. However, given the availability of the plug-in hybrid Sealion 6 and the all-electric Sealion 7, don't be surprised if approval for the local market is granted not long after its arrival Down Under. Additional information from and NOW READ: Plug-in hybrid BYD Sealion 6 lands in South Africa
