Tengfei New Energy's first car is positioned as an extended-range vehicle.
The main reason for this is the current battery technology has some obvious flaws.
Take a car for example, just the cost of the battery accounts for more than half.
Drive it for two or three years, and this battery will continually degrade.
Consequently reducing the driving range if you wanted to replace it, the cost of the battery alone could account for 50% of the entire vehicle's cost.
Clearly, this does not align with the current consumer expectations.
What's more crucial is that there's still a lot of skepticism about pure electric vehicle technology domestically.
Hence, Tengfei New Energy has taken a different approach to invent extended-range vehicles.
In simple terms, such cars can be driven on both fuel and electricity, perfect for long-distance travel.
The fuel in the tank generates electricity through a range extender, converting it to electric power to drive the vehicle.
