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United Engine│Festa EV competitiveness analysis, is this kind of parallel import ridiculous and sad?

Apr 09, 202628viewsBlogs

Product Overview

For the whole of 2019, Korean brand passenger cars accounted for 4.7% of the market share, down from 5% in 2018. Beijing Hyundai sold 716,000 vehicles in 2019, only completing 79.55% of its annual sales target of 900,000

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  • Meet or exceed OEM requirements
  • 2 years warranty
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For the whole of 2019, Korean brand passenger cars accounted for 4.7% of the market share, down from 5% in 2018. Beijing Hyundai sold 716,000 vehicles in 2019, only completing 79.55% of its annual sales target of 900,000 vehicles. It is not difficult to find that the sales performance of Korean brands in the domestic market is still flawed. Even so, facing the brand new year of 2020, the Korean team is still high-spirited and confident. In order to hit this year's sales target of 750,000 vehicles, Beijing Hyundai will launch new models such as the tenth-generation Sonata, Festa EV, new Mingtu, new MPV and new Elantra. At present, Festa EV has been launched on the market. The price range after subsidies is 173,800-198,800 yuan and will be delivered to customers in March. GLS Smooth Edition: 173,800 yuan GLX Smart Edition: 188,800 yuan DLX Joy Edition: 198,800 yuan Even though the market performance has fluctuated before, we have not seen Beijing Hyundai discouraged at all. Instead, it is increasing its efforts in launching new cars. This Festa EV is Beijing Hyundai's first "show of sword" in 2020. Faced with the current low cruising range of most joint venture brands, this Festa EV, which claims to have a 490km NEDC cruising range, seems to be able to smile proudly for a while. But Beijing Hyundai seems to have forgotten two things: First, what is the maximum NEDC cruising range of Chinese brand new energy products? Second, today when subsidies are declining, how many people would choose this pure electric vehicle if it were not for the license? Disadvantage 1. Perhaps this Festa EV itself is a disadvantage. The four-star score of the Festa fuel version in the C-NCAP crash test has made many consumers question its safety, and it has also made it question its safety. The excited prospective car owners began to adopt a cautious wait-and-see attitude. Festa's main score for pedestrian protection and driver protection is too low, while active safety and convenience

MaterialHigh-tensile steel / forged aluminum
FinishE-coat / powder paint / zinc plating
StandardsIATF / ISO-based process control
Warranty24 months
MOQ50-100 pcs per reference
Lead Time25-35 days after PO
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Toyota, Honda, Nissan, BMW, Mercedes-Benz, Ford, Hyundai, Kia, Volkswagen, Land Rover, and more...

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