Wenjie M7 sales soared 16 times! Extended range model overlord?

【ITBEAR】According to news on August 14, in recent years, the new energy vehicle market has continued to flourish in China. According to the latest data from the Passenger Car Association, between January and July 2024, retail sales of new energy vehicles have reached 4.99 million, a year-on-year increase of 34%, demonstrating consumers' rising enthusiasm for new energy vehicles. In this trend, extended-range models have gradually emerged and become the new favorite of the market. Data shows that although extended-range models accounted for only 8% of new energy models in 2023, their proportion has increased to 11% from January to July 2024, and reached 11% in July. It has a market share of 13%, showing strong growth momentum.

In terms of specific models:

1. The top ten list of wholesale sales of extended range models:

   • Wenjie M7
   • Ideal L7
   • Wenjie M9
   • Ideal L6
   • Ideal L9
   • Ideal L8
   • Dark Blue S7
   • Qiyuan Q05
   • Dark Blue SL03
   • Wenjie M5

2. Wenjie M7 performed outstandingly:

   • Wholesale sales in the first seven months: 122,000 units
   • YoY Surge: 1661%

Wenjie M7 strong performance analysis:

1. Supplementing the market shortcomings
2. Significantly lowered starting price: 249,800 yuan
3. The large quantity exceeded 180,000

4. The new M7 Ultra version will be launched at the end of May

   • Equipped with Huawei’s high-end smart driving system
   • Strengthen the market position
   • Inject sales vitality

     

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