China Promises a Supercar 'Better' Than a Ferrari SF90
twin-turbo 4.0-liter gas V-8
for high-end vehicles and is also developing a 3.0-liter six-cylinder diesel. At the top of its lineup will be a supercar, which GWM claims has been developing for the past five years. Although the company is virtually unknown in the performance car world, it apparently has Ferrari in its sights.
In an interview posted on China's social media platform
, the automaker's Chief Technology Officer boldly claimed the mystery sports car will be better than a Ferrari. However, according to
CnEVPost
, Wu Huixiao also admitted that GWM is learning from its rivals in its ambitious attempt to outdo the Prancing Horse. A high-performance model would be a major departure for a company best known for pickup trucks and SUVs. You may also recognize GWM's sub-brand Ora and its oddly named Funky Cat electric hatchback, which was later rebranded as the Ora 03.
Photo by: Great Wall Motors
Great Wall Motor's new V-8 engine
Photo by: Great Wall Motors
Great Wall Motor's new V-8 engine
During the interview with a Chinese blogger, Wu revealed that GWM brought a Nürburgring expert to China to gain insights into the challenging German track. However, development hasn't been without setbacks. Wu acknowledged issues with carbon fiber tub production and said cost reduction remains a challenge, which is one of the reasons the project has yet to be officially revealed, despite being five years in the making.
As for what will power the supercar, the V-8 mentioned earlier seems unlikely. Wu suggested it's too large, without confirming whether GWM is adapting a smaller existing engine or building a new one entirely. The company currently offers a twin-turbo 3.0-liter V-6 in the Tank 700 as part of a plug-in hybrid system delivering 516 horsepower. There's also the Tank 500 Hi4-Z with a bonkers 851 hp from a PHEV setup that combines a 2.0-liter four-cylinder engine with two electric motors.
The mention of Ferrari's SF90 Stradale hints that GWM's new model will likely be a plug-in hybrid as well. China already has a growing segment of fully electric performance cars, including the BYD Yangwang U9 and GAC Aion Hyper SSR. To compete with both domestic and international rivals, Wu claimed GWM 'must build a car that will spike adrenaline, cause an explosion of hormones, and dopamine.'
Photo by: Yangwang
BYD Yangwang U9
GAC Aion Hyptec SSR
Interestingly, Chinese reports claim GWM Chairman Jack Wei was spotted driving a Ferrari SF90, reinforcing that the company is aiming high. Still, even if the car ends up being faster and more affordable, it won't carry the prestige of something from Maranello.
Then again, that might not matter much in today's Chinese market, where local brands are gaining ground by offering tech-packed EVs with longer ranges, often at significantly lower prices than their Western counterparts. Outside of China, a high-end sports car would be a tough sell, even at a far lower price. We don't see many Ferrari loyalists canceling their orders for a GWM, BYD, etc.
China In The News:
Porsche Could Quit EVs In China
The Toyota bZ7 Is a Chinese Electric Flagship Sedan
Get the best news, reviews, columns, and more delivered straight to your inbox, daily.
back
Sign up
For more information, read our
Privacy Policy
and
Terms of Use
.
Source:
via
CnEVPost
Share this Story
X
Got a tip for us? Email:
tips@motor1.com
Join the conversation
(
)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
36 minutes ago
- Yahoo
Dear Nvidia Stock Fans, Mark Your Calendars for August 27
Following the green light to ship chips to China, there appears to be no looking back for chip industry behemoth Nvidia (NVDA). Artificial intelligence (AI) demand remains a massive tailwind for the company, and Nvidia is preparing for the launch of its next-gen GB300 shipments in the latter half of this year. Against this backdrop, should investors be excited for Nvidia's upcoming second-quarter results, which are set to be released on Aug. 27? More News from Barchart Find Winning Momentum Trades With This Moving Average Stock Screener Tariffs, Earnings and Other Can't Miss Items this Week This Blue-Chip Dividend Stock Is Stuck in the Tariff Crosshairs. Can Cost Cuts Save the Day? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! About Nvidia Stock Little needs to be said about the capabilities of this semiconductor industry juggernaut. Nvidia is a global leader in the manufacture of graphics processing units (GPUs), which are the cornerstone of the advancing AI field. Nvidia's powerful hardware is transforming businesses by accelerating AI workloads and data analytics. With a massive market capitalization of $4.2 trillion, this AI darling holds the crown of the most valuable company in the world. Nvidia has been at the center of the AI race between the U.S. and China. While there were some restrictions in place, President Donald Trump's administration had outright banned the export of H20 chips to China. Recently, however, Nvidia won approval to ship its advanced H20 chips to the country. These chips are expected to be used in AI operations in China, and were explicitly designed to comply with restrictions, allowing them to be marketed in the Chinese market. Nvidia also stands to benefit from the easing of some non-tariff restrictions. However, China's cyberspace regulators have summoned Nvidia over concerns about the security of these chips, asking for an explanation for 'backdoor safety risks' in its H20 chips. On the other hand, these chips are in high demand in China, prompting the company to expand and not rely solely on its existing stockpile. As a result, Nvidia has reportedly ordered 300,000 H20 chipsets from contract manufacturer Taiwan Semiconductor (TSM). NVDA stock remains in demand among investors. Over the past 52 weeks, the stock has gained 59%. Shares of the chip manufacturer reached a 52-week high of $183.30 on July 31 and are only off about 5% from this mark. NVDA stock is also up 29% so far this year. Justifiably, Nvidia's valuation is stretched compared to its peers, with its price sitting at 44 times forward earnings. Nvidia's Q1 Results Topped Estimates On May 28, Nvidia reported solid first-quarter results for fiscal 2026 (the quarter that ended April 27). For the period, revenue increased 69% year-over-year (YOY) to $44.1 billion. This was higher than the $43.28 billion that Wall Street analysts were expecting. Data center revenue was $39.1 billion, up 73% from the year-ago value. Nvidia's non-GAAP EPS increased by 33% YOY to $0.81, surpassing the analyst estimate of $0.75. At the heart of this growth was solid demand for Nvidia's AI infrastructure. On the other hand, the company recorded a $4.5 billion charge associated with excess inventory of H20 chips and purchase obligations as demand dropped due to export restrictions. Wall Street analysts are optimistic about Nvidia's future earnings. The company's EPS is expected to climb by 45% YOY to $0.94 for Q2 fiscal 2026, which is set to be reported on Aug. 27 after the market closes. For the current fiscal year, EPS is projected to surge 37% annually to $4.02, followed by a 33% growth to $5.34 in the next fiscal year. What Do Analysts Think About Nvidia Stock? Analysts are exceptionally bullish on NVDA stock now, especially since it is the frontrunner in the highly lucrative AI space. Recently, Morgan Stanley analyst Joseph Moore raised the price target on the stock to $200 while maintaining an 'Overweight' rating. Moore sees significant potential in Nvidia's planned expansion of its Blackwell infrastructure later this year, which could drive the next phase of the company's growth. Analysts at Mizuho also raised the price target on NVDA from $185 to $192, keeping their 'Outperform' rating. Mizuho raised the target after the company announced it could restart GPU shipments to China, noting that Chinese customers — such as ByteDance and Tencent (TCEHY) — are already applying for licenses to obtain the H20 chips. Analysts at Needham cited the same reason for raising their price target on Nvidia from $160 to $200, maintaining a 'Buy' rating. Needham stated that the lifting of restrictions gives clarity about the future of Nvidia's business in China. Nvidia has been in the spotlight on Wall Street for some time now, with analysts awarding it a consensus 'Strong Buy' rating overall. Of the 45 analysts rating the stock, a majority of 39 analysts rate it a 'Strong Buy,' two analysts suggest a 'Moderate Buy,' three play it safe with a 'Hold' rating, and only one analyst gives NVDA a 'Strong Sell' rating. The consensus price target of $183.88 represents 6% upside from current levels. However, the Street-high price target of $250 indicates 44% potential upside. Key Takeaways Nvidia could unlock a new growth chapter based on the planned expansion of its Blackwell architecture. At the same time, the resumption of its booming business in China should bode well for the company. In this situation, anticipating robust gains from its Q2 results would not be a stretch. On the date of publication, Anushka Dutta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Bitcoin bulls bet on Fed ‘rate cut rush' echoing last year's 100% price rally
Bitcoin is finding its footing after a weekend selloff as weak US payroll data and an unexpected Federal Reserve resignation revive hopes of a September rate cut. Analysts are drawing parallels to the central bank's last-minute U-turn in late 2024. It was a shift that saw Bitcoin's price double by year's end. The CME FedWatch tool, which tracks trader positioning via futures markets, now shows an 80% chance of a rate cut in September, up from just 40% on Friday. The shift accelerated after July's disappointing jobs report and the sudden resignation of Fed Governor Adriana Kugler. Her departure gives President Donald Trump a chance to reshape the Fed's board by nominating an ally who favours monetary easing, such as former National Economic Council director Kevin Hassett. 'Last year's August growth scare spurred the Fed into a 'catch-up rate cut rush' from September to December,' Presto Research analysts Peter Chung and Min Jung wrote in a market brief on Monday, 'doubling Bitcoin's price in the process.' Two Fed officials already dissented against holding rates steady from last week's meeting, adding to speculation that the FOMC may be nearing a tipping point. At the same time, Trump has ramped up his attacks on Fed Chair Jerome Powell, calling him 'too late,' 'too stupid,' and 'too political' after last week's decision to hold rates at 4.25% to 4.5%. The shift in sentiment has triggered a modest recovery in crypto markets, which shed more than $150 billion in value on Friday. Bitcoin fell to a three-week low of around $112,000 over the weekend before bouncing to $114,500 on Monday. Historical patterns may also favour the bulls. While August returns have been mixed, Bitcoin has often rallied in September and October during prior easing cycles, according to data from Coinglass. Crypto market movers Bitcoin has gained 0.9% over the past 24 hours and is trading at $114,560. Ethereum is up 2.7% in the same period to $3,550. What we're reading Trump Media brings Truth token plans into the open in latest SEC filing — DL News ETH companies vs just buying ETH — Milk Road Tequila, Drugs and Torture: The Spending Binge of Two Crypto Bros That Ended Behind Bars — Wall Street Journal By Not Staying Chain-Agnostic With Base, Could Coinbase Make a Wrong Bet? — Unchained Arkham links $3.5bn Bitcoin theft to quiet exit of Chinese mining giant Lubian — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
an hour ago
- Miami Herald
Tesla Won't Like New Sales Figures in Challenging European Countries
Tesla registrations fell in several significant European countries during July, including France, Denmark, and Sweden, for the seventh consecutive month. The electric automaker registered 1,307 new vehicles in France during July, down 27% year-over-year. In Denmark, Tesla sold 336 cars, representing a 52% annual decline. Swedish Tesla sales during July were especially bleak at 163 vehicles, an 85.8% year-over-year drop. The company's Model Y SUV revamp was supposed to drive sales, which included the release of a long-range four-wheel drive version in March and a rear-wheel drive variant in May, but it failed to do so. In July, Denmark Model Y registrations decreased by 49%. The fallout from Elon Musk's political presence, regulatory hurdles, and tough competition from Chinese and European brands are all creating Tesla's perfect storm of adversity on the continent. Regarding regulatory hurdles, Musk said during Tesla's Q2 earnings call in late July that the company's European sales would "significantly" improve once Tesla can fully deploy its semi-autonomous Full Self-Driving (FSD) software. Musk added: "This is a very important point to convey. We have been working with the Netherlands, and I think we are close to getting [FSD] approval there," according to EV. Different legal frameworks have partly contributed to FSD approval in the European Union (EU) taking longer than Tesla would like, as the EU requires a more precise definition of who's at fault in a self-driving crash. Tesla also needs approval from each country, and different nations have varying opinions on autonomy. The EU generally limits self-driving approval to Level 2 systems, aligning with FSD. While Mercedes-Benz became the first automaker allowed to enable Level 3 autonomy in the EU, it's only approved on the highway at a lower speed than the autobahn's average pace. Mercedes-Benz's Level 3 system also uses LiDAR (light detection and ranging) technology, which is more expensive but often considered more capable than Tesla's self-driving system, relying on cameras and several neural networks or deep learning systems. In July, car sales were up 20% in Denmark and 6% in Sweden, but Tesla faces unique challenges in countries like France, where new vehicle registrations fell 8% year-over-year, according to Reuters. During June, France's car sales slid 6.7%, while Tesla's sales there dropped 10%. In Q2 as a whole, Tesla's registrations in France declined 67%. While France's downward auto sales aren't limited to Tesla, the automaker's struggles in the nation stand out. Tesla's market share in France has fallen from 1.6% in 2024 to 0.9% in 2025, outpacing the overall European market's decline of 7%. Additionally, hybrid cars represented nearly 50% of France's new car registrations in Q1, a 24.7% increase from last year. Tesla is up against France's 6.6% decline in new battery electric vehicle (BEV) purchases during Q1, where the segment held an 18.2% market share. The average age of cars in France also reached a new high of 11.3 years in 2025, according to Futura Sciences. Elon Musk's position appears to be that FSD availability across Europe will largely reverse the company's negative course in several of the continent's key markets, but regulatory hurdles aren't the only factor holding Tesla back. Tesla is also dealing with increased pressure from Chinese competitors, a lack of affordable options, and continued backlash from Musk's politics. Production of Tesla's first affordable model, a stripped-down Model Y, is set to begin next quarter, later than expected, while low-cost Chinese electric models are already flooding into Europe. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
