Last week we told you about the unveiling of a new Chinese electric car. Joining the BYD F3DM electric car already in production, Chinese automaker Chery unveiled its S18 EV.
The 4-door 5-seat car is a highway speed capable all electric car that has a 93 mile driving range, and a top speed of 75 mph. It uses a 336 40 amp-hour lithium-ion phosphate and has a 40 kw motor.
The real amazing thing though is its price. Per a company spokesperson, the car will be priced at $14,600. It will be on the market in China within a year.
What is so remarkable about this pricing is that the car actually has a 13.4 kwh battery pack. Most experts indicate the cost of a lithium-ion pack is $1000 per kwh, so clearly Chery is able to produce the packs at a significant cost advantage compared so competitors. And though it isn't clear if the vehicle will make in to North America, its price is a harbinger of things to come.