Fast-moving Chinese premium EV brand HiPhi will shortly give details of a crucial third car to sit underneath its luxurious X SUV and Z grand tourer.
The HiPhi Y, as it's expected to be called, will open new doors for the four-year-old Shanghai-based company, targeting a lower price point and higher sales volumes - as well as serving as the flagbearer for a global expansion strategy that will have HiPhi cars being sold in Europe by the end of this year.
Speaking exclusively to Autocar, HiPhi chief technology officer Mark Stanton (previously head of Jaguar Land Rover's Special Vehicles division) hinted that the third car, based on the same architecture as its range-mates, will be revealed at the Shanghai motor show later this month and will be cheaper than the £75,000 X and Z.
Human Horizons HiPhi X Founders Edition 2021 first drive
"Our first two products are both high-end, top-of-the-range cars," explained Stanton, adding that they have "anchored our brand at that premium level" to the point where most of HiPhi's conquest customers are coming over from Mercedes-Benz.
HiPhi's first car, the X, entered production just under two years ago and became China's best-selling premium EV (£60,000-plus) in its first half year on sale.
The HiPhi Z, a rakish, high-riding saloon, arrived on sale at the end of 2022 and looks to steal some of the indomitable Porsche Taycan's thunder in the German firm's biggest market.
But in line with a prevailing focus on younger buyers, who are less "sensitive about brand" than older customers of established premium marques, HiPhi will look to diversify its product line with a more volume-friendly EV that brings comparable levels of technology and functionality at a lower price.
"Having established that brand up there at the higher price point and established our technology capabilities and our premium capabilities as well, we will be introducing relatively less expensive cars and more mass-production cars," confirmed Stanton. He stressed that they won't be "cheap cars" and won't be produced in the "millions and millions" but said they will be smaller and more affordable than the X and Z.
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