GAC, NIO-linked HYCAN’s 2nd model Z03 hits market, starting at 132,800 yuan after incentives

Shanghai (Gasgoo)- HYCAN, a Chinese EV innovator backed by GAC Group and NIO, announced on October 18 its second mass-produced model, the Z03, formally hit the market with four trim levels offered. Post-subsidies prices range from 132,800 yuan ($22,670) to 168,800 yuan ($26,270).

HYCAN Z03; photo credit: HYCAN

According to HYCAN, the Z03 carries the H-VIP intelligent driving interconnection system to build the cockpit into a technology-focused “third space”. The VI intelligent voice interaction system allows users to control ADAS (advanced driver assistance system) functions via voice command. Thanks to the integration of the e-powertrain and the IP intelligent driver assistance system, the vehicle can provide drivers with efficient and smooth driving experience.

Besides, HYCAN revealed it has deployed automatic valet parking ecosystem along with its strategic partners.

The dimensions of 4,602mm long, 1,900mm wide, 1,645mm tall, and the wheelbase spanning 2,750mm squarely put the Z03 in the segment of compact SUVs.

Inside the cabin, the Z03 features a 10.25-inch digital instrument panel and a 14.6-inch console-mounted touch screen with 2K resolution. The front seats can fold flat to create a space for users to have a rest.

Under the CLTC (China light-duty vehicle test cycle), the low-/mid-spec versions can offer a range of 510km through a 64.6kWh lithium iron phosphate battery pack, while the high-spec one is capable of 620-km range thanks to a 76.8kWh ternary-lithium battery pack.

The Z03 will afterwards come with the version supporting 800-km range, which is expected to be put into volume production in 2022. 

HYCAN aims to develop a flexible and highly efficient smart new retail business model by deploying both online e-commerce platforms and physical sales outlets. As of now, the automaker has launched 107 retail outlets in 66 cities and expects to reach the goal of 150 outlets in 87 cities by the end of this year.