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May 10, 2024

On April 26, at the Auto China 2024 in Beijing, SAIC Maxus started accepting pre-orders for the plug-in hybrid (PHEV) editions of the Mifa 7 and Mifa 9 large electric MPVs. Deliveries will kick off on May 28.

For the Mifa 7 PHEV, the prices of the long- and ultra-long-range variants range from CNY 199,900 to CNY 239,900 and from CNY 209,900 to CNY 249,900, respectively. For the Mifa 9 PHEV, the prices of the long- and ultra-long-range variants range from CNY 2399,900 to CNY 339,900 and from CNY 269,900 to CNY 349,900, respectively.

Both the Mifa 7 PHEV and the Mifa 9 PHEV employ the ACIS intelligent all-scenario super hybrid technology. Equipped with a 3rd-generation 1.5T dedicated hybrid engine (rated power 110kW and peak torque 235Nm), a single-speed dedicated hybrid transmission, a 2WD system with P1+P3 dual motors (maximum power 176kW and peak torque 390Nm), and a 24.7kWh lithium-iron phosphate or 39.7kWh ternary lithium battery, they deliver a 0 to 50km/h acceleration time of only 4.5 seconds, a combined range of over 1,300km, and a V2L (Vehicle to Load) power of 6.6kW.

From SAIC Maxus press releases 1/2

May 10, 2024

General Motors-backed Beijing Momenta Technology Co. has filed confidentially for an initial public offering in the U.S., according to people familiar with the matter.

Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a potential listing that may happen as early as this year, that could raise USD 200 million to USD 300 million.

Deliberations are ongoing and the Chinese company may decide against an IPO in the U.S., the people said. 

The company was founded in 2016 by artificial intelligence engineers from Microsoft Research Asia, and its backers include General Motors, Temasek Holdings Pte and IDG Capital. 

Besides GM, Momenta has also raised money from SAIC Motor Corp., Temasek Holdings Pte, IDG Capital.  and billionaire Jack Ma’s Yunfeng Capital.

(multiple sources on May 6, 2024)

May 09, 2024

Reported on May 3, 2024, MG Philippines revealed that the MG3 and G50 Plus will be among the models brought to the Auto Focus Summer Test Drive Festival, which will be held from May 9-12.

The MG3 compact city hatchback and the new G50 Plus 7-seater MPV are set to be officially launched in the Philippines later in May.

(From an article of CarGuide.PH on May 3, 2024 and MG Philippines social media updates)