logo
Mazda EZ-60 Captures the Chinese Market's Attention

Mazda EZ-60 Captures the Chinese Market's Attention

ArabGT29-04-2025

Mazda's new EZ-60 midsize SUV has sparked strong early interest in China, securing 10,060 pre-orders within 48 hours of its debut at the Shanghai Auto Show. These pre-orders come through a low-commitment deposit model, where buyers placed a symbolic 10 yuan ($1.40 USD) deposit that builds daily credit applicable to a future purchase under specific conditions. While not yet binding, the rush of interest hints at strong market potential.
Developed in collaboration with Changan, the EZ-60 shares its EPA platform with Changan's Deepal S07 and is offered in two electrified versions. So far, only the specifications for the range-extended model have been detailed. It combines a 72 kW, 1.5-liter gasoline engine—used exclusively as a generator—with a 190 kW (255 hp) electric motor and a 31.73 kWh lithium-iron-phosphate battery, offering up to 160 km of electric-only driving. Details on the full battery-electric version remain limited, but initial figures suggest competitive performance.
Mazda's approach inside the EZ-60 embraces a digital-first philosophy. The centerpiece is a massive 26.45-inch 5K ultra-wide display that merges the instrument cluster, infotainment, and climate controls into one sleek interface. Physical buttons have been largely replaced with touch and voice commands, while rear passengers get their own touchscreens for managing comfort and media options. An optional 23-speaker Dolby Atmos 7.1.4 sound system adds a premium audio experience.
Interior flexibility was a clear priority. The EZ-60 offers 350 liters of standard cargo space, expandable to a massive 2,036 liters when the rear seats are folded down. The fully electric version adds a 126-liter front trunk, while various small compartments throughout the cabin boost everyday practicality.
On the outside, the EZ-60 stretches 4,850 mm long, 1,935 mm wide, and 1,620 mm tall, with a 2,902 mm wheelbase. The styling features sleek LED daytime running lights, a smooth, closed-off front grille, and a sharply angled rear window capped by a full-width taillight strip for a modern, aerodynamic look.
Safety and technology are also a strong focus. The SUV comes standard with nine airbags and an L2-level driver assistance suite, supported by five high-definition cameras, five millimeter-wave radars, and twelve ultrasonic sensors. Battery safety, developed in partnership with CATL and CALB, includes eight layers of protection and is designed to exceed China's 2026 regulatory benchmarks.
According to Changan Mazda, the EZ-60 is on track for an official market launch in August. With two additional co-developed EVs in the pipeline, this strong early reception could mark an important comeback for Mazda in China's fiercely competitive electric vehicle market. Whether this initial momentum can be sustained through full-scale production remains to be seen — but all signs so far are promising.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi Awwal Bank wins Euromoney Best Bank for ESG award for third consecutive year
Saudi Awwal Bank wins Euromoney Best Bank for ESG award for third consecutive year

Saudi Gazette

time21-05-2025

  • Saudi Gazette

Saudi Awwal Bank wins Euromoney Best Bank for ESG award for third consecutive year

Saudi Awwal Bank (SAB) has once again been named 'Best Bank for ESG' in Saudi Arabia by Euromoney for the third consecutive year, reaffirming the bank's leadership in driving sustainable finance and advancing ESG principles across the Kingdom's banking sector. This prestigious recognition reflects SAB's continued commitment to embedding environmental, social, and governance (ESG) values into its operations, reporting, and stakeholder engagement. The bank's sustainability strategy focuses on creating long-term value while supporting Saudi Arabia's Vision 2030 goals and the global sustainable development agenda. Tony Cripps, Managing Director & CEO of SAB, stated: 'Receiving this award for the third consecutive year is a powerful validation of our journey toward responsible banking. At SAB, sustainability is not an initiative—it is a core part of how we serve our clients, support our communities, and steward the future.' Over the past year, SAB has strengthened its ESG reporting, expanded green financing initiatives, supported community resilience programs, and partnered with leading institutions to champion sustainable innovation—including in sectors such as regenerative agriculture, clean energy, and Fintech. As part of its green finance efforts, SAB issued its inaugural USD 650 million Additional Tier 1 Green Sukuk, with proceeds dedicated to eligible environmental projects. This is the first green-labelled Sukuk issued by a bank in Saudi Arabia, as it aligns with Shariah principles and international green finance frameworks and was validated by a Second Party Opinion from S&P Global latest award follows a series of accolades SAB has earned, including but not limited to 'Sustainability Program of the Year 2024' at the Capital Markets Forum, 'Best Bank in Saudi Arabia' and 'Best Private Bank' by continues its leadership role as the first bank in the Kingdom to implement a comprehensive sustainability strategy, including commitments to achieve Net-Zero operational emissions by 2035 and Net-Zero including financed emissions by Bank also aims to allocate SR34 billion by 2025, in line with its commitment to support the Kingdom's strategic ambitions.

Dollar Eyes Weekly Rise into US-China Trade Talks
Dollar Eyes Weekly Rise into US-China Trade Talks

Asharq Al-Awsat

time09-05-2025

  • Asharq Al-Awsat

Dollar Eyes Weekly Rise into US-China Trade Talks

The dollar headed for a weekly gain on most major peers on Friday as a US-UK trade deal raised hopes of progress in looming US-China talks, while bets of imminent Fed rate cuts receded after the central bank indicated it was in no hurry. Financial markets are heading into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in Switzerland. The euro touched a one-month low of $1.1197 in Asia and was down about 0.6% for the week. The yen has weakened about 0.4% this week and hit a one-month trough of 146.18 per dollar, before steadying around 145.48 on Friday. Sterling, which had rallied on news reports of an impending US-UK trade deal, gave back gains when the agreement turned out to be pretty limited and struck a three-week low of $1.3220 in early trade on Friday. The "general terms" agreement modestly expands agricultural access for both countries and lowers prohibitive US duties on British car exports, but leaves in place the 10% baseline. "The market reaction of buying USD may reflect greater optimism that such tariff deals are doable," said Steve Englander, global head of G10 currency research at Standard Chartered, in a note to clients. "Trump's dangling of the prospect of a trade detente with China may be adding to optimism that the global disruption from trade wars may not be as severe as markets have feared," he said. "For the time being, G10 markets would be relieved if US and China bilateral tariffs were rolled back, even if they remain well above January 19 levels." Bitcoin has surged back above $100,000, reflecting a refreshed appetite for risk-taking in markets' more speculative corners. Announcing the UK deal, Trump said he expects substantive negotiations between the US and China this weekend and that tariffs on Beijing of 145% would likely come down. The administration is weighing a plan to slash the tariff on Chinese imports by more than half, the New York Post reported, citing unidentified sources, though the White House dismissed that as speculation. The Australian dollar headed for its first weekly drop in a month, with a 0.7% fall to $0.6407. The New Zealand dollar was likewise lower, clinging to support at $0.5895, just above its 200-day moving average. On the central bank front this week moves were as expected with the Bank of England cutting, while Sweden, Norway and the United States left rates on hold. However, Federal Reserve Chair Jerome Powell's remarks, emphasising the level of uncertainty, were taken as reducing the likelihood the Fed lowers rates any time soon and market pricing for a cut in June has drifted to about 17% from about 55% a week ago. In contrast with G10 peers, the dollar was lower on several Asian currencies this week after a shock surge in the Taiwan dollar. After a volatile few days it has settled around 30 to the dollar, more than 6% stronger from where it had finished April. The Singapore dollar is not far from decade highs. The Hong Kong dollar has retreated from the strong side of its band after heavy intervention from the Hong Kong Monetary Authority. India's rupee opened under renewed pressure on Friday as conflict between India and Pakistan escalates. It dropped sharply on Thursday and, at 85.55 to the dollar, is eyeing its heaviest weekly fall since 2022.

Saudi Economy Overcomes Tariff Disruptions, Grows 2.7% in Q1 2025
Saudi Economy Overcomes Tariff Disruptions, Grows 2.7% in Q1 2025

Asharq Al-Awsat

time02-05-2025

  • Asharq Al-Awsat

Saudi Economy Overcomes Tariff Disruptions, Grows 2.7% in Q1 2025

Despite heightened global uncertainty stemming from the sweeping tariff policies imposed by US President Donald Trump since April, which have disrupted major economies worldwide, the Saudi economy demonstrated remarkable resilience by achieving real GDP growth of 2.7% in the first quarter of 2025 year-on-year. This growth was primarily driven by a 4.2% increase in non-oil activities. According to newly released data from the General Authority for Statistics (GASTAT), the growth figures coincide with the agency's announcement of a comprehensive update to the GDP calculation methodology. The revisions are part of the Kingdom's broader strategy to enhance economic transparency, improve the quality and reliability of statistical data, and align national economic indicators with global best practices to support developmental goals. Preliminary estimates from GASTAT show that real GDP grew 2.7% in Q1 2025, compared to a contraction of 0.6% during the same period in 2024, though lower than the 4.4% growth recorded in Q4 2024. The current growth is attributed to the robust performance of non-oil sectors, alongside a 3.2% increase in government activity. Conversely, oil-related sectors declined by 1.4% year-on-year. Economic Activity and Statistical Revisions The updated GDP estimates for 2023 revealed a 14.1% increase from previous figures, equating to an added SAR 566 billion (USD 150.9 billion). Following the revision, the total GDP for 2023 now stands at SAR 4.5 trillion (USD 1.2 trillion). The revised data also showed a significant increase in the contribution of the non-oil economy, now accounting for 53.2% of GDP—up 5.7% from earlier estimates. This is largely due to the expanded economic activity of small and medium-sized enterprises (SMEs). Several economic sectors witnessed substantial growth, including construction (up 61%), wholesale and retail trade, restaurants and hotels (up 29.8%), and transportation, storage, and communications (up 25.6%), in addition to notable growth across various other sectors. Quarterly Comparison On a seasonally adjusted quarterly basis, real GDP grew by 0.9% in Q1 2025 compared to Q4 2024. This was driven by a 4.9% increase in government activity and a 1% rise in non-oil sectors, despite a 1.2% quarterly decline in oil activities. Experts argue that Saudi Arabia's ability to adapt to global economic disruptions - especially those triggered by US tariff policies - demonstrates the Kingdom's resilience and capacity to sustain economic growth even under adverse conditions. National Industries Drive Export Growth Dr. Osama Al-Obaidi, advisor and professor of international commercial law, told Asharq Al-Awsat that the non-oil sector's growth, despite global challenges such as US-China trade tensions and low oil prices, is a testament to the success of Saudi Arabia's economic policies. He attributed the significant increase in non-oil exports in Q1 2025 to a surge in chemical exports - particularly plastics, rubber, and related products - alongside a rise in re-exported goods. This growth also stems from the Kingdom's voluntary oil production cuts in line with OPEC+ commitments, which reduced the share of oil exports in total trade. 'The growth in non-oil exports reflects the effectiveness of economic diversification under Vision 2030,' Al-Obaidi said. He highlighted the impact of large-scale investments in ports, such as King Abdulaziz Port in Dammam and Jeddah Islamic Port, as well as the development of domestic and international airports and logistics infrastructure. Government support for industries like chemicals, food, and pharmaceuticals has also opened new international markets for Saudi products. Diversification and Business Climate Economic researcher Fadwa Al-Buardi emphasized that the 2.7% year-on-year and 0.9% quarterly GDP growth rates are highly significant. She said they underscore the Saudi economy's ability to navigate global challenges while successfully diversifying its income sources and reducing dependence on oil. Al-Buardi added that these indicators demonstrate the effectiveness of development strategies and structural reforms under Vision 2030, which aim to strengthen the non-oil sector and ensure sustainable growth. She also noted that improvements in the business environment, along with major development projects, infrastructure investments, and industrial sector expansion, will continue to boost GDP. Al-Buardi believes Saudi Arabia will remain committed to enhancing its investment climate, increasing non-oil exports, and achieving financial stability through a diversified and sustainable economy. She highlighted that non-oil sector growth is being driven by economic diversification, private sector stimulation, infrastructure development, streamlined investment procedures, and increased investments in industrial, service, and tech sectors. Government initiatives and incentives have further supported entrepreneurship and attracted both domestic and foreign investors. National Accounts Reform The comprehensive GDP update reflects GASTAT's ongoing efforts to provide more comprehensive, modern, and high-quality statistical data that supports decision-makers, policymakers, investors, and researchers at both domestic and international levels. The authority has recently implemented several improvements in its national accounts statistics, most notably the adoption of a chain-linked volume index methodology to calculate real GDP growth based on previous-year weights and prices - aligned with international accounting standards. GASTAT began this update project in early 2024 through a series of extensive surveys for 2023, including the comprehensive economic survey, household income and expenditure survey, and agricultural survey. Administrative data sources were also expanded. Using this data, GASTAT developed more detailed supply and use tables and provided GDP estimates using production, income, and expenditure approaches, covering 134 economic activities, up from 85 previously.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store