The Stelato S9, the first model jointly built by Huawei and BAIC BluePark, has received more than 2,500 confirmed orders within 24 hours of its launch.。

Shares of BAIC Blue Valley (SHA: 600733), an electric vehicle (EV) subsidiary of Beijing Automotive Group (BAIC Group), fell sharply in early trading on orders for the Stelato S9, its first model produced in a joint venture with BAIC Group.。Huawei appears to have let investors down。

截至发稿，北汽蓝谷股价下跌9.69%至8.2元，创一个月新低。跌幅接近单日跌幅10%的极限。

The decline may be due to investor disappointment. The order performance of the Stelato S9, the first model of the new brand Stelato jointly built by Huawei and BAIC Blue Valley, also illustrates this point.。

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Last night, Huawei HIMA (Harmony Intelligent Mobile Alliance) business announced that Stelato S9 has received more than 2500 confirmed orders within 24 hours of listing。

Stelato is the third brand under HIMA, the first two being Aito, a co-brand of Huawei and the Seres Group, and Luxeed, a co-brand of Huawei and Chery.。Huawei is also working with Anhui Jianghuai Automobile Group (JAC) to develop the higher-end Maextro brand。

The Stelato S9, which went on sale Aug. 6, is available in both Max and Ultra models, starting at RMB 399,800 ($55,710) and RMB 449,800, respectively.。Delivery will begin on August 7.。

Stelato S9 is Huawei's flagship sedan under HIMA b Yu Chengdong, chairman of Huawei's smart car solutions business department, said at the model launch that it, together with Aito M9, forms the dual flagship of the business。

The model is positioned in the high-end electric car market. The main competitors are the models of German luxury car manufacturers BMW, Mercedes-Benz, and Audi, including BMW 5 Series, Mercedes-Benz E-Class, and Audi A6。< / p >

Among homegrown players, the Stelato S9 is a direct competitor to the NIO ET7 sedan。The poor performance of the Stelato S9's first order shows that Chinese consumers have low acceptance of high-end all-electric cars。

The NIO ET7 was first released at the Nio Day 2020 event on January 9, 2021, and deliveries began in late March 2022..0 models of platform。

The company launched the 2023 ET7 at the Shanghai Auto Show on April 18, 2023, and the 2024 ET7 on April 25 this year, with sales starting at RMB 428,000 (including batteries)。

In its early days on the market, the NIO ET7 had a record monthly delivery of 4,349 vehicles in June 2022.。However, ET7 deliveries have fallen sharply since 2023, with the vast majority of months below 1,000 units.。

According to data compiled by CnEVPost, Weilai ET7 deliveries rebounded in May and June this year, with 1,098 and 1,071 deliveries, respectively.。

<p><img src="https://hawk-oss.hawkinsight.com//file//202408/645740793_601" style="width: 100%;">The Stelato S9, the first model jointly built by Huawei and BAIC BluePark, has received more than 2,500 confirmed orders within 24 hours of its launch.。(Stelato S9 on display at the Beijing Auto Show in April 2024。Photo credit: CnEVPost) Shares of BAIC Blue Valley (SHA: 600733), an electric vehicle (EV) subsidiary of Beijing Automotive Group (BAIC), fell sharply in early trading on orders for its first model, the Stelato S9, produced in a joint venture with BAIC。Huawei appears to have let investors down。BAIC Blue Valley shares down 9 as of press time.69% to 8.2 yuan, a one-month low。The decline is close to the limit of a 10% one-day decline.。The decline may be due to investor disappointment. The order performance of the Stelato S9, the first model of the new brand Stelato jointly built by Huawei and BAIC Blue Valley, also illustrates this point.。Join us Telegram or Google News < Style > < No script > Last night, Huawei HIMA (Harmony Intelligent Mobile Alliance) announced that Stelato S9 has received more than 2,500 confirmed orders within 24 hours of its launch.。Stelato is the third brand under HIMA, the first two being Aito, a co-brand of Huawei and the Seres Group, and Luxeed, a co-brand of Huawei and Chery.。Huawei is also working with Anhui Jianghuai Automobile Group (JAC) to develop the higher-end Maextro brand。The Stelato S9, which went on sale Aug. 6, is available in both Max and Ultra models, starting at 399,800 yuan ($55,710) and 449 yuan,800 yuan。Delivery will begin on August 7.。Stelato S9 is Huawei's flagship sedan under HIMA b Yu Chengdong, chairman of Huawei's smart car solutions business department, said at the model launch that it, together with Aito M9, forms the dual flagship of the business。The model is positioned in the high-end electric car market. The main competitors are the models of German luxury car manufacturers BMW, Mercedes-Benz, and Audi, including BMW 5 Series, Mercedes-Benz E-Class, and Audi A6。< / p > Among local manufacturers, the Stelato S9 is a direct competitor to the NIO ET7 sedan。The poor performance of the Stelato S9's first order shows that Chinese consumers have low acceptance of high-end all-electric cars。The NIO ET7 was first released at the Nio Day 2020 event on January 9, 2021, and deliveries began in late March 2022..0 models of platform。The company launched the 2023 ET7 at the Shanghai Auto Show on April 18, 2023, and the 2024 ET7 on April 25 this year, with sales starting at RMB 428,000 (including batteries)。In its early days on the market, the NIO ET7 had a record monthly delivery of 4,349 vehicles in June 2022.。However, ET7 deliveries have fallen sharply since 2023, with the vast majority of months below 1,000 units.。According to data compiled by CnEVPost, Weilai ET7 deliveries rebounded in May and June this year, with 1,098 and 1,071 deliveries, respectively.。</p>