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GAC NIO’s HYCAN 007 granted NEV subsidy, exemption from vehicle purchase tax by MIIT

Monika From Gasgoo| February 20 , 2020

Shanghai (Gasgoo)- The HYCAN 007, the first mass-produced model under HYCAN, the BEV brand jointly built by GAC Group and NIO, has been brought into a catalogue issued by China's MIIT, meaning the high-profile all-electric model has been allowed to enjoy the state's NEV subsidy and been exempted from vehicle purchase tax.

GAC NIO officially announced on December 27 the name of its first production model, and kicked off the presale at the same time.

GAC NIO HYCAN 007, HYCAN 007 NEV subsidy, China automotive news

Priced between RMB260,000 and RMB400,000, the “007” is offered in five variants in total. Of those, only 500 units of the “STARSHIP” will be supplied per year, and the “SUPREME” is available for the one-on-one tailor-made service.

According to MIIT's catalogue (namely, the Catalogue of Recommended Models for the Project of NEV Promotion and Application), the battery energy density of the BASE and the PLUS/TOP versions is at 171Wh/kg and 180Wh/kg respectively. Thanks to the “three in one” electric motor, the BASE and the PLUS/TOP averagely consume 15.9kWh and 16.7kWh of electricity per 100km.

GAC NIO HYCAN 007, HYCAN 007 NEV subsidy, China automotive news

More than that, the automaker has disclosed some key parameters in early January. Powered by a 73kWh battery pack, the BASE has a NEDC-rated range of 523km and can sprint from 0-100km/h in 8.2 seconds. It can be charged from 30% to 80% of its battery capacity in 33 minutes using a fast-charging mode and in 6.2 hours under a slow-charging mode.

The PLUS and the TOP feature a large of portion of power performances in common. Both of them carry a 93kWh battery pack, which offers the vehicle a NEDC-rated range of up to 643km. Besides, they do 0-100km/h acceleration in 7.9 seconds, and from 30% to 80% of battery capacity can be charged within 7.9 second using fast-charging mode.

The three versions are all outfitted with CATL's NCM811 battery and the vehicle-to-grid system.

GAC NIO HYCAN 007, HYCAN 007 NEV subsidy, China automotive news

Engineered to be a human friendly full-electric SUV, the “007” features quite a few smart technologies, such as the Level 2 plus intelligent driving functions, the smart voice assistant dubbed “Little CAN”, the “flying shuttle” display composed of two 12.3-inch screens and a 10.1-inch screen, the UAV (unmanned aerial vehicle) system and the vital sign monitoring device (photo source: HYCAN's WeChat account).

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