Deutsche Bank on Shanghai auto show: Global brands fight back with Chinese NEV tech
At the Shanghai auto show, global brands are leveraging China's new energy vehicle (NEV) technology to fight back, Wang said in the note sent to investors today.
However, international auto brands have caught up, showcasing a number of smart NEV products at the Shanghai auto show, Wang noted.
"We highlight that most of these global auto brands' products leverage their Chinese partners' NEV vehicle platform technologies along with third-party Chinese suppliers' capability in intelligent vehicle features (such as intelligent cockpits and autonomous driving)," the note wrote.
Wang highlighted Volkswagen's ID. EVO all-electric SUV (sport utility vehicle), SAIC Audi's E5 Sportback, Changan Mazda's EZ-60 SUV, and the Dongfeng Nissan N7 all-electric sedan.
Volkswagen showed the ID. EVO, based on Xpeng's (NYSE: XPEV) G9 electric SUV technology, which will be equipped with 800V high-voltage fast charging as well as urban NOA (Navigation on Autopilot), according to note.
SAIC Volkswagen presented the ID. ERA full-size extended-range SUV. FAW Volkswagen presented the ID. AURA pure electric sedan, which is based on Volkswagen's low-cost, China-tailored compact main platform (CMP) and shares Xpeng-related China electronic architecture (CEA).
The E5 Sportback is built on SAIC Audi's advanced digitized platform (ADP) technology, which incorporates SAIC's years of experience in NEV product development, the analyst noted.
"We highlight that SAIC-Audi's ADP's new-product development cycle is only 18 months, less than half of Audi's global product development cycle (of more than three years)," the note wrote.
SAIC-GM Buick showed off its ENCASA MPV (multi-purpose vehicle), as well as two precursor models for the sedan and SUV segments, which will be based on the China-tailored "Xiaoyao" platform, Wang said.
The Changan Mazda EZ-60 offers both an all-electric version and an extended-range electric vehicle (EREV) version, sharing Changan's electric platform architecture (EPA) technology, according to the note.
The N7 is based on Dongfeng Nissan's modular NEV architecture and leverages Dongfeng's knowhow in its "Quantum architecture 2.0" NEV technology, Wang said.
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