On 20 May, Changan Automobile confirmed its new high-end EV brand, previously referred to as “AB brand”, named Avatar (阿维塔) Technologies.
Changan was teasing this since November last year, and finally, it’s coming. The high-end AB brand (AB is a codename) will be launched next week and unveil 5 premium models, reported by Sina Finance. The first of them will be the electric E11, a four-wheel drive SUV with a price range between 200 000 – 400 000 yuan (31 000 – 62 000 USD). E11 is supposed to compete with Tesla Model Y and Nio ES8.
According to Forbes, billionaires from China’s inconspicuous EV battery manufacturer Contemporary Amperex Technology (CATL) has outnumbered those from well-established top technology companies. Based on their shares in CATL, a total of 9 executives and early investors are named in the Forbes Billionaire List, each owns over $1 billion.
Every time I type Aiways into Google, it asks me an obvious question. Did you mean Airways? If model U6 is not going to change that, then nothing else will.