SAIC Group's Rising Auto, previously known as R Auto, made its first post-rebranding model, the R7, available Tuesday, after unveiling the battery swap-enabled model in late February.
The model is a mid to large-size coupe SUV, similar to NIO's EC6. It measures 4,900 mm in length, 1,925 mm in width and 1,655 mm in height, and has a wheelbase of 2,950 mm.
For comparison, the NIO EC6 measures 4,850 mm in length, 1,965 mm in width and 1,731/ 1,714 mm in height, and has a wheelbase of 2,900 mm.
Rising Auto offers four versions of the R7, which have the following pricing and core specifications.
The standard version, priced at RMB 289,900 ($40,130) after subsidies, is powered by a 77-kWh battery pack, has a CLTC range of 551 km and can accelerate from 0 to 100 km/h in 5.8 seconds.
The long-range version, priced at RMB 309,900 after subsidies, features a 90-kWh battery pack, a CLTC range of 642 km and the ability to accelerate from 0 to 100 km/h in 5.8 seconds.
The performance version, priced at RMB 326,900 after subsidies, is powered by a 90-kWh battery pack, has a CLTC range of 606 km and can accelerate from 0 to 100 km/h in 3.8 seconds.
The flagship version, priced at RMB 356,900 after subsidies, is powered by a 90-kWh battery pack, has a CLTC range of 606 km and can accelerate from 0 to 100 km/h in 3.8 seconds.
Like NIO, Rising Auto allows consumers to lease the battery instead of buying it with the car.
Deliveries of the Rising R7 will begin at the end of October, and the company plans to launch at least one new product per year from now until 2025, which will cover sedan, SUV, and MPV models, reiterating its previous plans.
Last week, SAIC announced that it has joined Sinopec, China National Petroleum Corp, CATL and Shanghai Automobile City to form a company specializing in battery swap services.
SAIC's Rising Auto, Roewe, MG and Maxus brands will launch battery swap-enabled models across all categories, including SUVs, sedans, MPVs and commercial vehicles, SAIC said.