SERES raises price on HUAWEI Smart Selection SF5 model

Beijing (Gasgoo)- On May 6th, Chinese automaker SERES released an announcement about an upcoming price increase on its HUAWEI Smart Selection SF5 model. 

SF5; photo credit: SERES

In line with other automakers in China, SERES explained that the company was also encumbered by the skyrocketing prices of upstream raw materials. Therefore, it decided to lift the prices of its HUAWEI Smart Selection SF5 model, effective on May 6th. 

Specifically, with an increase of RMB20,000 ($2,993), the two-wheel-drive SF5 has an adjusted price of RMB236,800 ($35,440). At the same time, the four-wheel-drive SF5 saw its price grow to RMB266,800 ($39,929). Users who have placed orders before May 6th are not subjective to the price hike. 

M7; photo credit: AITO

Additionally, HUAWEI and SERES’ cooperative auto brand, AITO, is on track to introduce its second production model, the AITO M7. Pictures of the M7 were unveiled by the Road Power-Driven Vehicle Manufacturing Enterprises and Products catalogue released by the MIIT (the Ministry of Industry and Information Technology). 

The vehicle is positioned as a six-seater full-size SUV, and is larger than the M5. The M7 is powered by a 1.5T four-cylinder turbo charging range extender and HUAWEI’s electric motor.