Latest news with #Rely
The Citizen
3 days ago
- Automotive
- The Citizen
Chery relaunches Himla bakkie under revived name for China
Rebadging of the Himla under the revived Rely marque will only be applicable in China as export markets will reportedly get a completely different model in 2026. Chery has revived the Rely name in China, with the first new model being the Himla bakkie, now called the Rely R08. Image: Unveiled as the much vaunted Himla at the Shanghai International Auto Show two months ago, Chery's first-ever bakkie as unofficially been outed in China, albeit under a marque not known outside of the People's Republic. Who is Rely? One of the Wuhu-based firm's original sub-brands, the Himla will be marketed as the R08 under the Rely marque, which between 2009 and 2013, served as a mostly commercial vehicle focused division selling copied version of the current Toyota HiAce as the Rely H-Series. ALSO READ: Chery gearing up to take South African bakkie market by storm Phased-out due dwindling sales, with the H-Series eventually becoming a Chery, the revival of Rely will reportedly involve other products than only the R08, which had been expected to launch the brand's bakkie programme in export markets. KP31 and KP11 Known internally as the KP11, the R08 will, however, be sold solely in China whereas international markets will get a completely different product known as the KP31 that is currently undergoing development. Based on a unibody platform instead of the traditional body-on-frame that will underpin the KP31, the R08 derives motivation from a 2.3-litre turbodiesel engine mated to an eight-speed automatic gearbox. Interior is dominated by a two-tone leather finish and a 15.6-inch infotainment display. Image: According to information from China's AutoHome, the setup produces 120kW/420Nm and, as evident by the images, goes to the rear or all four wheels via a part-time four-wheel-drive system with the traditional 2H, 4H and 4L settings. Debuting at a later stage will be a petrol engine option, a rumoured 2.0-litre turbo, an EV and a plug-in hybrid combined with petrol and diesel engines. Chery badging has been removed from the tailgate. Image: While no further mechanical details were divulged, notable confirmed specification items consists of a 15.6-inch infotainment system, LED headlights, a wireless smartphone charger, leather seats, a digital instrument cluster and an array of driver assistance systems adhering to Level 2 autonomous driving. KP11 and KP31 for South Africa? Still be fully detailed, the R08 will go on-sale in China within the coming months at a still to be announced price. For export markets, including South Africa, patience will be required as the KP31 is only due to arrive in 2026. Chery International President, Zhang Guibing, has however hinted that two bakkies could becoming to market after telling the media post Shanghai, 'our initial products were only built in left-hand drive, but from next year we will have them in right-hand drive. From next year, we might bring two pick-ups to South Africa'. Suggesting the availability of both the KP11 and KP31, it remains to be seen whether both or only the latter will eventually become available in 2026. NOW READ: Chery Himla revealed as marque's long awaited first bakkie
The Advertiser
23-05-2025
- Automotive
- The Advertiser
Is this Chery's first ute for Australia?
Our first look at the vehicle most likely to become the inaugural ute sold by Chery in Australia has come courtesy of these design drawings registered with the Argentinian patent office. The Chinese automaker used last month's Shanghai motor show to reveal its new Himla dual-cab ute, but Chery's export boss later confirmed it won't be sold in Australia. Instead, Chery International president Zhang Guibling said that Chery Australia will release a larger plug-in hybrid (PHEV) ute directly aimed at the popular BYD Shark 6 – and this is what it could look like. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Now in development ahead of its global launch next year, the as-yet-unnamed new Chery ute is claimed to be more suitable for Australia – one of many right-hand drive markets in which it will be sold. "We recognise Australia as a big market for pickups, and I can tell you now that we are developing a first-rate pickup that will better meet the needs of Australian customers," Mr Guibling told a small group of journalists at the Chinese brand's HQ in Wuhu. While the Himla ute was revealed in Shanghai in final production form, Chery also unveiled another prototype dual-cab at the show under its Jetour brand, codenamed F700 featuring suicide doors and enormous wheels. Low-resolution design renders recently published by the Argentine National Institute of Technology patent office now show what the showroom-ready version will look like. Jetour Zongheng F700 prototype images courtesy of CarNewsChina As further patent images published by Autoweb in Argentina show, the Jetour 'F700' is a dual-cab ute like the Chery Himla. Presenting squarer lines and larger headlights, plus a step in its rear bumper like the Ford Ranger and Kia Tasman, it looks less adventurous than the heavily haunched prototype that previewed it and more like a Ranger than the Himla, which features slender headlights flanking a huge black Chery-badged grille. At this stage it's unclear what nameplate Chery's second ute will wear, and what brand it will be sold under in Australia, where the Chinese auto giant now markets models under the Chery and Jaecoo brands, all of which offer a range of car-based SUV models. Chery is also readying a local launch for its Omoda and iCaur brands, which will also offer SUVs. But Chery, which was China's top passenger car exporter for the 22nd consecutive year in 2024 and sells vehicles everywhere from Europe and Latin America to Africa and the Middle East, also has a confusing web of spinoff brands including Jetour, Karry, Exeed and Exlantix. It also recently teased the return of the Rely nameplate. If Chery chooses to sell the F700 here under either the Jetour or Rely brands, which are most likely, the Chinese auto conglomerate would offer no fewer than five separate brands in this market, including its namesake marque. Based on the 5.1m-long Jetour Zongheng G700 large SUV that was also revealed in Shanghai last month, the Jetour F700 prototype features a PHEV powertrain. Jetour Zongheng G700 images courtesy of CarNewsChina This reportedly combines a turbocharged 2.0-litre four-cylinder petrol engine producing 157kW of power with a 209kW electric mounted within its transmission, and a 304kW rear-mounted electric motor, for combined outputs of no less than 560kW and 795Nm. An even bigger and more powerful large SUV dubbed the Jetour G900 employs an extended-range electric vehicle (EREV) powertrain to produce a whopping 1172kW thanks to four electric motors. Both of Jetour's PHEV and EREV powertrains leverage an 800V electrical architecture offering 6C fast-charging capabilities, reportedly resulting in 20-80 per cent battery charging times in as little as six minutes. In a tantalising taste of what the Jetour ute might be capable of, the G700 is able to perform 'tank' turns, rotating 360 degrees on the spot, and features air suspension that can raise its ground clearance to 350mm. However, Chery's new global right-hand drive ute could also be powered by the company's fifth-generation plug-in hybrid powertrain, dubbed Chery Super Hybrid (CHS) and already seen in the Tiggo 7, Tiggo 8 and Tiggo 9 models. The company claims these powertrains are some of the most advanced PHEVs in the segment, boasting thermal efficiency of 44.5 per cent, a single-speed Direct Hybrid Transmission (DHT) with 98.5 per cent efficiency, and an all-electric range of 95km on the WLTP cycle via an 18.5kWh battery. The combined range for the Tiggo 7 PHEV is a claimed 1080km (WLTC), while the larger Tiggo 8 PHEV will offer an even longer 1200km-plus range. Both models incorporate a 'hybrid-specific' four-cylinder 1.5-litre turbocharged petrol engine producing 108kW of power and 215Nm of torque, while the electric motor develops 150kW and 310Nm, with a total power output of approximately 230kW. Interestingly, the larger new Tiggo 9 PHEV uses the same 1.5-litre turbo-four petrol in both 2WD and 4WD configurations, paired to a three-speed DHT transmission and making up to 340kW and 700Nm, which should be plenty for a 4×4-capable dual-cab ute. Previewed by the KP11 prototype last year, the Himla ute is based on a ladder-frame chassis and expected to be available in some markets with a 2.4-litre turbocharged petrol engine, but a turbo-diesel version is also possible for some countries. No exterior dimensions are available yet for the Jetour dual-cab, but it's also likely be a mid-size ute to rival the top-selling, ladder-frame Ranger and Toyota HiLux. Jetour Zongheng G900 images courtesy of CarNewsChina Like the Himla ute, it could feature a large free-standing infotainment touchscreen within an upmarket interior lined with real and fake leather in some variants. When Chery revealed its first Himla ute in Shanghai last month, it said its pickup range would offer "a full lineup spanning from compact to mid-size and large pickups" powered by petrol, diesel and electrified powertrains for markets including Europe, the Middle East and Latin America. Few details were announced, but Chery said the initial Himla dual-cab will match key rivals with a braked towing capacity of 3500kg and a circa-1000kg payload, plus a "global five-star safety standard" and a "high-strength body structure, intelligent driving assistance systems, and advanced battery safety technology". No details or images of utes subsequent to the Himla have been revealed by Chery so far, but the company's international chief said the next two models will be launched in 2026. "I think the first one will be ready for the first half of next year, with another version later in the second half but with a range of different powertrains to suit different customer needs," said Mr Guibling. A local Chery spokesperson later said the Chinese brand was keen to release its first ute in Australia, but the Himla dual-cab shown at Shanghai remains unconfirmed for this market. "We're always interested in reviewing the exciting product from our head office and we'd love to see a ute in our lineup, but there are no confirmed details at this stage," he said. Chery has sold traditional ladder-frame, dual-cab utes before, including the Higgo and Aika from its Karry commercial vehicle brand. But the new Himla, Jetour and potentially Rely branded ute range is part of Chery's strategy to sell one million vehicles annually by 2027, by expanding into new vehicle segments including light commercial vehicles and people movers. Locally, Chery has made no secret of its plan to become a top-five auto brand in Australia within five years of its local relaunch in 2022. It had hoped to reach 30,000 annual sales by 2024, but sold less than half that number with fewer than 13,000 registrations. Chery's first ute would join a growing number of Chinese dual-cabs sold in Australia, including rivals from BYD, GWM, JAC, LDV and, soon, MG and Foton. And a PHEV ute would also go head-to-head with models including the BYD Shark 6, GWM Cannon Alpha PHEV and the upcoming Ford Ranger PHEV. Content originally sourced from: Our first look at the vehicle most likely to become the inaugural ute sold by Chery in Australia has come courtesy of these design drawings registered with the Argentinian patent office. The Chinese automaker used last month's Shanghai motor show to reveal its new Himla dual-cab ute, but Chery's export boss later confirmed it won't be sold in Australia. Instead, Chery International president Zhang Guibling said that Chery Australia will release a larger plug-in hybrid (PHEV) ute directly aimed at the popular BYD Shark 6 – and this is what it could look like. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Now in development ahead of its global launch next year, the as-yet-unnamed new Chery ute is claimed to be more suitable for Australia – one of many right-hand drive markets in which it will be sold. "We recognise Australia as a big market for pickups, and I can tell you now that we are developing a first-rate pickup that will better meet the needs of Australian customers," Mr Guibling told a small group of journalists at the Chinese brand's HQ in Wuhu. While the Himla ute was revealed in Shanghai in final production form, Chery also unveiled another prototype dual-cab at the show under its Jetour brand, codenamed F700 featuring suicide doors and enormous wheels. Low-resolution design renders recently published by the Argentine National Institute of Technology patent office now show what the showroom-ready version will look like. Jetour Zongheng F700 prototype images courtesy of CarNewsChina As further patent images published by Autoweb in Argentina show, the Jetour 'F700' is a dual-cab ute like the Chery Himla. Presenting squarer lines and larger headlights, plus a step in its rear bumper like the Ford Ranger and Kia Tasman, it looks less adventurous than the heavily haunched prototype that previewed it and more like a Ranger than the Himla, which features slender headlights flanking a huge black Chery-badged grille. At this stage it's unclear what nameplate Chery's second ute will wear, and what brand it will be sold under in Australia, where the Chinese auto giant now markets models under the Chery and Jaecoo brands, all of which offer a range of car-based SUV models. Chery is also readying a local launch for its Omoda and iCaur brands, which will also offer SUVs. But Chery, which was China's top passenger car exporter for the 22nd consecutive year in 2024 and sells vehicles everywhere from Europe and Latin America to Africa and the Middle East, also has a confusing web of spinoff brands including Jetour, Karry, Exeed and Exlantix. It also recently teased the return of the Rely nameplate. If Chery chooses to sell the F700 here under either the Jetour or Rely brands, which are most likely, the Chinese auto conglomerate would offer no fewer than five separate brands in this market, including its namesake marque. Based on the 5.1m-long Jetour Zongheng G700 large SUV that was also revealed in Shanghai last month, the Jetour F700 prototype features a PHEV powertrain. Jetour Zongheng G700 images courtesy of CarNewsChina This reportedly combines a turbocharged 2.0-litre four-cylinder petrol engine producing 157kW of power with a 209kW electric mounted within its transmission, and a 304kW rear-mounted electric motor, for combined outputs of no less than 560kW and 795Nm. An even bigger and more powerful large SUV dubbed the Jetour G900 employs an extended-range electric vehicle (EREV) powertrain to produce a whopping 1172kW thanks to four electric motors. Both of Jetour's PHEV and EREV powertrains leverage an 800V electrical architecture offering 6C fast-charging capabilities, reportedly resulting in 20-80 per cent battery charging times in as little as six minutes. In a tantalising taste of what the Jetour ute might be capable of, the G700 is able to perform 'tank' turns, rotating 360 degrees on the spot, and features air suspension that can raise its ground clearance to 350mm. However, Chery's new global right-hand drive ute could also be powered by the company's fifth-generation plug-in hybrid powertrain, dubbed Chery Super Hybrid (CHS) and already seen in the Tiggo 7, Tiggo 8 and Tiggo 9 models. The company claims these powertrains are some of the most advanced PHEVs in the segment, boasting thermal efficiency of 44.5 per cent, a single-speed Direct Hybrid Transmission (DHT) with 98.5 per cent efficiency, and an all-electric range of 95km on the WLTP cycle via an 18.5kWh battery. The combined range for the Tiggo 7 PHEV is a claimed 1080km (WLTC), while the larger Tiggo 8 PHEV will offer an even longer 1200km-plus range. Both models incorporate a 'hybrid-specific' four-cylinder 1.5-litre turbocharged petrol engine producing 108kW of power and 215Nm of torque, while the electric motor develops 150kW and 310Nm, with a total power output of approximately 230kW. Interestingly, the larger new Tiggo 9 PHEV uses the same 1.5-litre turbo-four petrol in both 2WD and 4WD configurations, paired to a three-speed DHT transmission and making up to 340kW and 700Nm, which should be plenty for a 4×4-capable dual-cab ute. Previewed by the KP11 prototype last year, the Himla ute is based on a ladder-frame chassis and expected to be available in some markets with a 2.4-litre turbocharged petrol engine, but a turbo-diesel version is also possible for some countries. No exterior dimensions are available yet for the Jetour dual-cab, but it's also likely be a mid-size ute to rival the top-selling, ladder-frame Ranger and Toyota HiLux. Jetour Zongheng G900 images courtesy of CarNewsChina Like the Himla ute, it could feature a large free-standing infotainment touchscreen within an upmarket interior lined with real and fake leather in some variants. When Chery revealed its first Himla ute in Shanghai last month, it said its pickup range would offer "a full lineup spanning from compact to mid-size and large pickups" powered by petrol, diesel and electrified powertrains for markets including Europe, the Middle East and Latin America. Few details were announced, but Chery said the initial Himla dual-cab will match key rivals with a braked towing capacity of 3500kg and a circa-1000kg payload, plus a "global five-star safety standard" and a "high-strength body structure, intelligent driving assistance systems, and advanced battery safety technology". No details or images of utes subsequent to the Himla have been revealed by Chery so far, but the company's international chief said the next two models will be launched in 2026. "I think the first one will be ready for the first half of next year, with another version later in the second half but with a range of different powertrains to suit different customer needs," said Mr Guibling. A local Chery spokesperson later said the Chinese brand was keen to release its first ute in Australia, but the Himla dual-cab shown at Shanghai remains unconfirmed for this market. "We're always interested in reviewing the exciting product from our head office and we'd love to see a ute in our lineup, but there are no confirmed details at this stage," he said. Chery has sold traditional ladder-frame, dual-cab utes before, including the Higgo and Aika from its Karry commercial vehicle brand. But the new Himla, Jetour and potentially Rely branded ute range is part of Chery's strategy to sell one million vehicles annually by 2027, by expanding into new vehicle segments including light commercial vehicles and people movers. Locally, Chery has made no secret of its plan to become a top-five auto brand in Australia within five years of its local relaunch in 2022. It had hoped to reach 30,000 annual sales by 2024, but sold less than half that number with fewer than 13,000 registrations. Chery's first ute would join a growing number of Chinese dual-cabs sold in Australia, including rivals from BYD, GWM, JAC, LDV and, soon, MG and Foton. And a PHEV ute would also go head-to-head with models including the BYD Shark 6, GWM Cannon Alpha PHEV and the upcoming Ford Ranger PHEV. Content originally sourced from: Our first look at the vehicle most likely to become the inaugural ute sold by Chery in Australia has come courtesy of these design drawings registered with the Argentinian patent office. The Chinese automaker used last month's Shanghai motor show to reveal its new Himla dual-cab ute, but Chery's export boss later confirmed it won't be sold in Australia. Instead, Chery International president Zhang Guibling said that Chery Australia will release a larger plug-in hybrid (PHEV) ute directly aimed at the popular BYD Shark 6 – and this is what it could look like. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Now in development ahead of its global launch next year, the as-yet-unnamed new Chery ute is claimed to be more suitable for Australia – one of many right-hand drive markets in which it will be sold. "We recognise Australia as a big market for pickups, and I can tell you now that we are developing a first-rate pickup that will better meet the needs of Australian customers," Mr Guibling told a small group of journalists at the Chinese brand's HQ in Wuhu. While the Himla ute was revealed in Shanghai in final production form, Chery also unveiled another prototype dual-cab at the show under its Jetour brand, codenamed F700 featuring suicide doors and enormous wheels. Low-resolution design renders recently published by the Argentine National Institute of Technology patent office now show what the showroom-ready version will look like. Jetour Zongheng F700 prototype images courtesy of CarNewsChina As further patent images published by Autoweb in Argentina show, the Jetour 'F700' is a dual-cab ute like the Chery Himla. Presenting squarer lines and larger headlights, plus a step in its rear bumper like the Ford Ranger and Kia Tasman, it looks less adventurous than the heavily haunched prototype that previewed it and more like a Ranger than the Himla, which features slender headlights flanking a huge black Chery-badged grille. At this stage it's unclear what nameplate Chery's second ute will wear, and what brand it will be sold under in Australia, where the Chinese auto giant now markets models under the Chery and Jaecoo brands, all of which offer a range of car-based SUV models. Chery is also readying a local launch for its Omoda and iCaur brands, which will also offer SUVs. But Chery, which was China's top passenger car exporter for the 22nd consecutive year in 2024 and sells vehicles everywhere from Europe and Latin America to Africa and the Middle East, also has a confusing web of spinoff brands including Jetour, Karry, Exeed and Exlantix. It also recently teased the return of the Rely nameplate. If Chery chooses to sell the F700 here under either the Jetour or Rely brands, which are most likely, the Chinese auto conglomerate would offer no fewer than five separate brands in this market, including its namesake marque. Based on the 5.1m-long Jetour Zongheng G700 large SUV that was also revealed in Shanghai last month, the Jetour F700 prototype features a PHEV powertrain. Jetour Zongheng G700 images courtesy of CarNewsChina This reportedly combines a turbocharged 2.0-litre four-cylinder petrol engine producing 157kW of power with a 209kW electric mounted within its transmission, and a 304kW rear-mounted electric motor, for combined outputs of no less than 560kW and 795Nm. An even bigger and more powerful large SUV dubbed the Jetour G900 employs an extended-range electric vehicle (EREV) powertrain to produce a whopping 1172kW thanks to four electric motors. Both of Jetour's PHEV and EREV powertrains leverage an 800V electrical architecture offering 6C fast-charging capabilities, reportedly resulting in 20-80 per cent battery charging times in as little as six minutes. In a tantalising taste of what the Jetour ute might be capable of, the G700 is able to perform 'tank' turns, rotating 360 degrees on the spot, and features air suspension that can raise its ground clearance to 350mm. However, Chery's new global right-hand drive ute could also be powered by the company's fifth-generation plug-in hybrid powertrain, dubbed Chery Super Hybrid (CHS) and already seen in the Tiggo 7, Tiggo 8 and Tiggo 9 models. The company claims these powertrains are some of the most advanced PHEVs in the segment, boasting thermal efficiency of 44.5 per cent, a single-speed Direct Hybrid Transmission (DHT) with 98.5 per cent efficiency, and an all-electric range of 95km on the WLTP cycle via an 18.5kWh battery. The combined range for the Tiggo 7 PHEV is a claimed 1080km (WLTC), while the larger Tiggo 8 PHEV will offer an even longer 1200km-plus range. Both models incorporate a 'hybrid-specific' four-cylinder 1.5-litre turbocharged petrol engine producing 108kW of power and 215Nm of torque, while the electric motor develops 150kW and 310Nm, with a total power output of approximately 230kW. Interestingly, the larger new Tiggo 9 PHEV uses the same 1.5-litre turbo-four petrol in both 2WD and 4WD configurations, paired to a three-speed DHT transmission and making up to 340kW and 700Nm, which should be plenty for a 4×4-capable dual-cab ute. Previewed by the KP11 prototype last year, the Himla ute is based on a ladder-frame chassis and expected to be available in some markets with a 2.4-litre turbocharged petrol engine, but a turbo-diesel version is also possible for some countries. No exterior dimensions are available yet for the Jetour dual-cab, but it's also likely be a mid-size ute to rival the top-selling, ladder-frame Ranger and Toyota HiLux. Jetour Zongheng G900 images courtesy of CarNewsChina Like the Himla ute, it could feature a large free-standing infotainment touchscreen within an upmarket interior lined with real and fake leather in some variants. When Chery revealed its first Himla ute in Shanghai last month, it said its pickup range would offer "a full lineup spanning from compact to mid-size and large pickups" powered by petrol, diesel and electrified powertrains for markets including Europe, the Middle East and Latin America. Few details were announced, but Chery said the initial Himla dual-cab will match key rivals with a braked towing capacity of 3500kg and a circa-1000kg payload, plus a "global five-star safety standard" and a "high-strength body structure, intelligent driving assistance systems, and advanced battery safety technology". No details or images of utes subsequent to the Himla have been revealed by Chery so far, but the company's international chief said the next two models will be launched in 2026. "I think the first one will be ready for the first half of next year, with another version later in the second half but with a range of different powertrains to suit different customer needs," said Mr Guibling. A local Chery spokesperson later said the Chinese brand was keen to release its first ute in Australia, but the Himla dual-cab shown at Shanghai remains unconfirmed for this market. "We're always interested in reviewing the exciting product from our head office and we'd love to see a ute in our lineup, but there are no confirmed details at this stage," he said. Chery has sold traditional ladder-frame, dual-cab utes before, including the Higgo and Aika from its Karry commercial vehicle brand. But the new Himla, Jetour and potentially Rely branded ute range is part of Chery's strategy to sell one million vehicles annually by 2027, by expanding into new vehicle segments including light commercial vehicles and people movers. Locally, Chery has made no secret of its plan to become a top-five auto brand in Australia within five years of its local relaunch in 2022. It had hoped to reach 30,000 annual sales by 2024, but sold less than half that number with fewer than 13,000 registrations. Chery's first ute would join a growing number of Chinese dual-cabs sold in Australia, including rivals from BYD, GWM, JAC, LDV and, soon, MG and Foton. And a PHEV ute would also go head-to-head with models including the BYD Shark 6, GWM Cannon Alpha PHEV and the upcoming Ford Ranger PHEV. Content originally sourced from: Our first look at the vehicle most likely to become the inaugural ute sold by Chery in Australia has come courtesy of these design drawings registered with the Argentinian patent office. The Chinese automaker used last month's Shanghai motor show to reveal its new Himla dual-cab ute, but Chery's export boss later confirmed it won't be sold in Australia. Instead, Chery International president Zhang Guibling said that Chery Australia will release a larger plug-in hybrid (PHEV) ute directly aimed at the popular BYD Shark 6 – and this is what it could look like. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Now in development ahead of its global launch next year, the as-yet-unnamed new Chery ute is claimed to be more suitable for Australia – one of many right-hand drive markets in which it will be sold. "We recognise Australia as a big market for pickups, and I can tell you now that we are developing a first-rate pickup that will better meet the needs of Australian customers," Mr Guibling told a small group of journalists at the Chinese brand's HQ in Wuhu. While the Himla ute was revealed in Shanghai in final production form, Chery also unveiled another prototype dual-cab at the show under its Jetour brand, codenamed F700 featuring suicide doors and enormous wheels. Low-resolution design renders recently published by the Argentine National Institute of Technology patent office now show what the showroom-ready version will look like. Jetour Zongheng F700 prototype images courtesy of CarNewsChina As further patent images published by Autoweb in Argentina show, the Jetour 'F700' is a dual-cab ute like the Chery Himla. Presenting squarer lines and larger headlights, plus a step in its rear bumper like the Ford Ranger and Kia Tasman, it looks less adventurous than the heavily haunched prototype that previewed it and more like a Ranger than the Himla, which features slender headlights flanking a huge black Chery-badged grille. At this stage it's unclear what nameplate Chery's second ute will wear, and what brand it will be sold under in Australia, where the Chinese auto giant now markets models under the Chery and Jaecoo brands, all of which offer a range of car-based SUV models. Chery is also readying a local launch for its Omoda and iCaur brands, which will also offer SUVs. But Chery, which was China's top passenger car exporter for the 22nd consecutive year in 2024 and sells vehicles everywhere from Europe and Latin America to Africa and the Middle East, also has a confusing web of spinoff brands including Jetour, Karry, Exeed and Exlantix. It also recently teased the return of the Rely nameplate. If Chery chooses to sell the F700 here under either the Jetour or Rely brands, which are most likely, the Chinese auto conglomerate would offer no fewer than five separate brands in this market, including its namesake marque. Based on the 5.1m-long Jetour Zongheng G700 large SUV that was also revealed in Shanghai last month, the Jetour F700 prototype features a PHEV powertrain. Jetour Zongheng G700 images courtesy of CarNewsChina This reportedly combines a turbocharged 2.0-litre four-cylinder petrol engine producing 157kW of power with a 209kW electric mounted within its transmission, and a 304kW rear-mounted electric motor, for combined outputs of no less than 560kW and 795Nm. An even bigger and more powerful large SUV dubbed the Jetour G900 employs an extended-range electric vehicle (EREV) powertrain to produce a whopping 1172kW thanks to four electric motors. Both of Jetour's PHEV and EREV powertrains leverage an 800V electrical architecture offering 6C fast-charging capabilities, reportedly resulting in 20-80 per cent battery charging times in as little as six minutes. In a tantalising taste of what the Jetour ute might be capable of, the G700 is able to perform 'tank' turns, rotating 360 degrees on the spot, and features air suspension that can raise its ground clearance to 350mm. However, Chery's new global right-hand drive ute could also be powered by the company's fifth-generation plug-in hybrid powertrain, dubbed Chery Super Hybrid (CHS) and already seen in the Tiggo 7, Tiggo 8 and Tiggo 9 models. The company claims these powertrains are some of the most advanced PHEVs in the segment, boasting thermal efficiency of 44.5 per cent, a single-speed Direct Hybrid Transmission (DHT) with 98.5 per cent efficiency, and an all-electric range of 95km on the WLTP cycle via an 18.5kWh battery. The combined range for the Tiggo 7 PHEV is a claimed 1080km (WLTC), while the larger Tiggo 8 PHEV will offer an even longer 1200km-plus range. Both models incorporate a 'hybrid-specific' four-cylinder 1.5-litre turbocharged petrol engine producing 108kW of power and 215Nm of torque, while the electric motor develops 150kW and 310Nm, with a total power output of approximately 230kW. Interestingly, the larger new Tiggo 9 PHEV uses the same 1.5-litre turbo-four petrol in both 2WD and 4WD configurations, paired to a three-speed DHT transmission and making up to 340kW and 700Nm, which should be plenty for a 4×4-capable dual-cab ute. Previewed by the KP11 prototype last year, the Himla ute is based on a ladder-frame chassis and expected to be available in some markets with a 2.4-litre turbocharged petrol engine, but a turbo-diesel version is also possible for some countries. No exterior dimensions are available yet for the Jetour dual-cab, but it's also likely be a mid-size ute to rival the top-selling, ladder-frame Ranger and Toyota HiLux. Jetour Zongheng G900 images courtesy of CarNewsChina Like the Himla ute, it could feature a large free-standing infotainment touchscreen within an upmarket interior lined with real and fake leather in some variants. When Chery revealed its first Himla ute in Shanghai last month, it said its pickup range would offer "a full lineup spanning from compact to mid-size and large pickups" powered by petrol, diesel and electrified powertrains for markets including Europe, the Middle East and Latin America. Few details were announced, but Chery said the initial Himla dual-cab will match key rivals with a braked towing capacity of 3500kg and a circa-1000kg payload, plus a "global five-star safety standard" and a "high-strength body structure, intelligent driving assistance systems, and advanced battery safety technology". No details or images of utes subsequent to the Himla have been revealed by Chery so far, but the company's international chief said the next two models will be launched in 2026. "I think the first one will be ready for the first half of next year, with another version later in the second half but with a range of different powertrains to suit different customer needs," said Mr Guibling. A local Chery spokesperson later said the Chinese brand was keen to release its first ute in Australia, but the Himla dual-cab shown at Shanghai remains unconfirmed for this market. "We're always interested in reviewing the exciting product from our head office and we'd love to see a ute in our lineup, but there are no confirmed details at this stage," he said. Chery has sold traditional ladder-frame, dual-cab utes before, including the Higgo and Aika from its Karry commercial vehicle brand. But the new Himla, Jetour and potentially Rely branded ute range is part of Chery's strategy to sell one million vehicles annually by 2027, by expanding into new vehicle segments including light commercial vehicles and people movers. Locally, Chery has made no secret of its plan to become a top-five auto brand in Australia within five years of its local relaunch in 2022. It had hoped to reach 30,000 annual sales by 2024, but sold less than half that number with fewer than 13,000 registrations. Chery's first ute would join a growing number of Chinese dual-cabs sold in Australia, including rivals from BYD, GWM, JAC, LDV and, soon, MG and Foton. And a PHEV ute would also go head-to-head with models including the BYD Shark 6, GWM Cannon Alpha PHEV and the upcoming Ford Ranger PHEV. Content originally sourced from:
Perth Now
23-05-2025
- Automotive
- Perth Now
Is this Chery's first ute for Australia?
Our first look at the vehicle most likely to become the inaugural ute sold by Chery in Australia has come courtesy of these design drawings registered with the Argentinian patent office. The Chinese automaker used last month's Shanghai motor show to reveal its new Himla dual-cab ute, but Chery's export boss later confirmed it won't be sold in Australia. Instead, Chery International president Zhang Guibling said that Chery Australia will release a larger plug-in hybrid (PHEV) ute directly aimed at the popular BYD Shark 6 – and this is what it could look like. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Jetour F700 patent image Credit: CarExpert Now in development ahead of its global launch next year, the as-yet-unnamed new Chery ute is claimed to be more suitable for Australia – one of many right-hand drive markets in which it will be sold. 'We recognise Australia as a big market for pickups, and I can tell you now that we are developing a first-rate pickup that will better meet the needs of Australian customers,' Mr Guibling told a small group of journalists at the Chinese brand's HQ in Wuhu. While the Himla ute was revealed in Shanghai in final production form, Chery also unveiled another prototype dual-cab at the show under its Jetour brand, codenamed F700 featuring suicide doors and enormous wheels. Low-resolution design renders recently published by the Argentine National Institute of Technology patent office now show what the showroom-ready version will look like. Supplied Credit: CarExpert Jetour Zongheng F700 prototype images courtesy of CarNewsChina As further patent images published by Autoweb in Argentina show, the Jetour 'F700' is a dual-cab ute like the Chery Himla. Presenting squarer lines and larger headlights, plus a step in its rear bumper like the Ford Ranger and Kia Tasman, it looks less adventurous than the heavily haunched prototype that previewed it and more like a Ranger than the Himla, which features slender headlights flanking a huge black Chery-badged grille. At this stage it's unclear what nameplate Chery's second ute will wear, and what brand it will be sold under in Australia, where the Chinese auto giant now markets models under the Chery and Jaecoo brands, all of which offer a range of car-based SUV models. Chery is also readying a local launch for its Omoda and iCaur brands, which will also offer SUVs. Supplied Credit: CarExpert But Chery, which was China's top passenger car exporter for the 22nd consecutive year in 2024 and sells vehicles everywhere from Europe and Latin America to Africa and the Middle East, also has a confusing web of spinoff brands including Jetour, Karry, Exeed and Exlantix. It also recently teased the return of the Rely nameplate. If Chery chooses to sell the F700 here under either the Jetour or Rely brands, which are most likely, the Chinese auto conglomerate would offer no fewer than five separate brands in this market, including its namesake marque. Based on the 5.1m-long Jetour Zongheng G700 large SUV that was also revealed in Shanghai last month, the Jetour F700 prototype features a PHEV powertrain. Supplied Credit: CarExpert Jetour Zongheng G700 images courtesy of CarNewsChina This reportedly combines a turbocharged 2.0-litre four-cylinder petrol engine producing 157kW of power with a 209kW electric mounted within its transmission, and a 304kW rear-mounted electric motor, for combined outputs of no less than 560kW and 795Nm. An even bigger and more powerful large SUV dubbed the Jetour G900 employs an extended-range electric vehicle (EREV) powertrain to produce a whopping 1172kW thanks to four electric motors. Both of Jetour's PHEV and EREV powertrains leverage an 800V electrical architecture offering 6C fast-charging capabilities, reportedly resulting in 20-80 per cent battery charging times in as little as six minutes. In a tantalising taste of what the Jetour ute might be capable of, the G700 is able to perform 'tank' turns, rotating 360 degrees on the spot, and features air suspension that can raise its ground clearance to 350mm. Supplied Credit: CarExpert However, Chery's new global right-hand drive ute could also be powered by the company's fifth-generation plug-in hybrid powertrain, dubbed Chery Super Hybrid (CHS) and already seen in the Tiggo 7, Tiggo 8 and Tiggo 9 models. The company claims these powertrains are some of the most advanced PHEVs in the segment, boasting thermal efficiency of 44.5 per cent, a single-speed Direct Hybrid Transmission (DHT) with 98.5 per cent efficiency, and an all-electric range of 95km on the WLTP cycle via an 18.5kWh battery. The combined range for the Tiggo 7 PHEV is a claimed 1080km (WLTC), while the larger Tiggo 8 PHEV will offer an even longer 1200km-plus range. Both models incorporate a 'hybrid-specific' four-cylinder 1.5-litre turbocharged petrol engine producing 108kW of power and 215Nm of torque, while the electric motor develops 150kW and 310Nm, with a total power output of approximately 230kW. Supplied Credit: CarExpert Interestingly, the larger new Tiggo 9 PHEV uses the same 1.5-litre turbo-four petrol in both 2WD and 4WD configurations, paired to a three-speed DHT transmission and making up to 340kW and 700Nm, which should be plenty for a 4×4-capable dual-cab ute. Previewed by the KP11 prototype last year, the Himla ute is based on a ladder-frame chassis and expected to be available in some markets with a 2.4-litre turbocharged petrol engine, but a turbo-diesel version is also possible for some countries. No exterior dimensions are available yet for the Jetour dual-cab, but it's also likely be a mid-size ute to rival the top-selling, ladder-frame Ranger and Toyota HiLux. Supplied Credit: CarExpert Jetour Zongheng G900 images courtesy of CarNewsChina Like the Himla ute, it could feature a large free-standing infotainment touchscreen within an upmarket interior lined with real and fake leather in some variants. When Chery revealed its first Himla ute in Shanghai last month, it said its pickup range would offer 'a full lineup spanning from compact to mid-size and large pickups' powered by petrol, diesel and electrified powertrains for markets including Europe, the Middle East and Latin America. Few details were announced, but Chery said the initial Himla dual-cab will match key rivals with a braked towing capacity of 3500kg and a circa-1000kg payload, plus a 'global five-star safety standard' and a 'high-strength body structure, intelligent driving assistance systems, and advanced battery safety technology'. Supplied Credit: CarExpert No details or images of utes subsequent to the Himla have been revealed by Chery so far, but the company's international chief said the next two models will be launched in 2026. 'I think the first one will be ready for the first half of next year, with another version later in the second half but with a range of different powertrains to suit different customer needs,' said Mr Guibling. A local Chery spokesperson later said the Chinese brand was keen to release its first ute in Australia, but the Himla dual-cab shown at Shanghai remains unconfirmed for this market. Supplied Credit: CarExpert 'We're always interested in reviewing the exciting product from our head office and we'd love to see a ute in our lineup, but there are no confirmed details at this stage,' he said. Chery has sold traditional ladder-frame, dual-cab utes before, including the Higgo and Aika from its Karry commercial vehicle brand. But the new Himla, Jetour and potentially Rely branded ute range is part of Chery's strategy to sell one million vehicles annually by 2027, by expanding into new vehicle segments including light commercial vehicles and people movers. Chery Himla Credit: CarExpert Locally, Chery has made no secret of its plan to become a top-five auto brand in Australia within five years of its local relaunch in 2022. It had hoped to reach 30,000 annual sales by 2024, but sold less than half that number with fewer than 13,000 registrations. Chery's first ute would join a growing number of Chinese dual-cabs sold in Australia, including rivals from BYD, GWM, JAC, LDV and, soon, MG and Foton. And a PHEV ute would also go head-to-head with models including the BYD Shark 6, GWM Cannon Alpha PHEV and the upcoming Ford Ranger PHEV.
7NEWS
23-05-2025
- Automotive
- 7NEWS
Is this Chery's first ute for Australia?
Our first look at the vehicle most likely to become the inaugural ute sold by Chery in Australia has come courtesy of these design drawings registered with the Argentinian patent office. The Chinese automaker used last month's Shanghai motor show to reveal its new Himla dual-cab ute, but Chery's export boss later confirmed it won't be sold in Australia. Instead, Chery International president Zhang Guibling said that Chery Australia will release a larger plug-in hybrid (PHEV) ute directly aimed at the popular BYD Shark 6 – and this is what it could look like. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Now in development ahead of its global launch next year, the as-yet-unnamed new Chery ute is claimed to be more suitable for Australia – one of many right-hand drive markets in which it will be sold. 'We recognise Australia as a big market for pickups, and I can tell you now that we are developing a first-rate pickup that will better meet the needs of Australian customers,' Mr Guibling told a small group of journalists at the Chinese brand's HQ in Wuhu. While the Himla ute was revealed in Shanghai in final production form, Chery also unveiled another prototype dual-cab at the show under its Jetour brand, codenamed F700 featuring suicide doors and enormous wheels. Low-resolution design renders recently published by the Argentine National Institute of Technology patent office now show what the showroom-ready version will look like. Jetour Zongheng F700 prototype images courtesy of CarNewsChina As further patent images published by Autoweb in Argentina show, the Jetour 'F700' is a dual-cab ute like the Chery Himla. Presenting squarer lines and larger headlights, plus a step in its rear bumper like the Ford Ranger and Kia Tasman, it looks less adventurous than the heavily haunched prototype that previewed it and more like a Ranger than the Himla, which features slender headlights flanking a huge black Chery-badged grille. At this stage it's unclear what nameplate Chery's second ute will wear, and what brand it will be sold under in Australia, where the Chinese auto giant now markets models under the Chery and Jaecoo brands, all of which offer a range of car-based SUV models. Chery is also readying a local launch for its Omoda and iCaur brands, which will also offer SUVs. But Chery, which was China's top passenger car exporter for the 22nd consecutive year in 2024 and sells vehicles everywhere from Europe and Latin America to Africa and the Middle East, also has a confusing web of spinoff brands including Jetour, Karry, Exeed and Exlantix. It also recently teased the return of the Rely nameplate. If Chery chooses to sell the F700 here under either the Jetour or Rely brands, which are most likely, the Chinese auto conglomerate would offer no fewer than five separate brands in this market, including its namesake marque. Based on the 5.1m-long Jetour Zongheng G700 large SUV that was also revealed in Shanghai last month, the Jetour F700 prototype features a PHEV powertrain. Jetour Zongheng G700 images courtesy of CarNewsChina This reportedly combines a turbocharged 2.0-litre four-cylinder petrol engine producing 157kW of power with a 209kW electric mounted within its transmission, and a 304kW rear-mounted electric motor, for combined outputs of no less than 560kW and 795Nm. An even bigger and more powerful large SUV dubbed the Jetour G900 employs an extended-range electric vehicle (EREV) powertrain to produce a whopping 1172kW thanks to four electric motors. Both of Jetour's PHEV and EREV powertrains leverage an 800V electrical architecture offering 6C fast-charging capabilities, reportedly resulting in 20-80 per cent battery charging times in as little as six minutes. In a tantalising taste of what the Jetour ute might be capable of, the G700 is able to perform 'tank' turns, rotating 360 degrees on the spot, and features air suspension that can raise its ground clearance to 350mm. However, Chery's new global right-hand drive ute could also be powered by the company's fifth-generation plug-in hybrid powertrain, dubbed Chery Super Hybrid (CHS) and already seen in the Tiggo 7, Tiggo 8 and Tiggo 9 models. The company claims these powertrains are some of the most advanced PHEVs in the segment, boasting thermal efficiency of 44.5 per cent, a single-speed Direct Hybrid Transmission (DHT) with 98.5 per cent efficiency, and an all-electric range of 95km on the WLTP cycle via an 18.5kWh battery. The combined range for the Tiggo 7 PHEV is a claimed 1080km (WLTC), while the larger Tiggo 8 PHEV will offer an even longer 1200km-plus range. Both models incorporate a 'hybrid-specific' four-cylinder 1.5-litre turbocharged petrol engine producing 108kW of power and 215Nm of torque, while the electric motor develops 150kW and 310Nm, with a total power output of approximately 230kW. Interestingly, the larger new Tiggo 9 PHEV uses the same 1.5-litre turbo-four petrol in both 2WD and 4WD configurations, paired to a three-speed DHT transmission and making up to 340kW and 700Nm, which should be plenty for a 4×4-capable dual-cab ute. Previewed by the KP11 prototype last year, the Himla ute is based on a ladder-frame chassis and expected to be available in some markets with a 2.4-litre turbocharged petrol engine, but a turbo-diesel version is also possible for some countries. No exterior dimensions are available yet for the Jetour dual-cab, but it's also likely be a mid-size ute to rival the top-selling, ladder-frame Ranger and Toyota HiLux. Jetour Zongheng G900 images courtesy of CarNewsChina Like the Himla ute, it could feature a large free-standing infotainment touchscreen within an upmarket interior lined with real and fake leather in some variants. When Chery revealed its first Himla ute in Shanghai last month, it said its pickup range would offer 'a full lineup spanning from compact to mid-size and large pickups' powered by petrol, diesel and electrified powertrains for markets including Europe, the Middle East and Latin America. Few details were announced, but Chery said the initial Himla dual-cab will match key rivals with a braked towing capacity of 3500kg and a circa-1000kg payload, plus a 'global five-star safety standard' and a 'high-strength body structure, intelligent driving assistance systems, and advanced battery safety technology'. No details or images of utes subsequent to the Himla have been revealed by Chery so far, but the company's international chief said the next two models will be launched in 2026. 'I think the first one will be ready for the first half of next year, with another version later in the second half but with a range of different powertrains to suit different customer needs,' said Mr Guibling. A local Chery spokesperson later said the Chinese brand was keen to release its first ute in Australia, but the Himla dual-cab shown at Shanghai remains unconfirmed for this market. 'We're always interested in reviewing the exciting product from our head office and we'd love to see a ute in our lineup, but there are no confirmed details at this stage,' he said. Chery has sold traditional ladder-frame, dual-cab utes before, including the Higgo and Aika from its Karry commercial vehicle brand. But the new Himla, Jetour and potentially Rely branded ute range is part of Chery's strategy to sell one million vehicles annually by 2027, by expanding into new vehicle segments including light commercial vehicles and people movers. Locally, Chery has made no secret of its plan to become a top-five auto brand in Australia within five years of its local relaunch in 2022. It had hoped to reach 30,000 annual sales by 2024, but sold less than half that number with fewer than 13,000 registrations. Chery's first ute would join a growing number of Chinese dual-cabs sold in Australia, including rivals from BYD, GWM, JAC, LDV and, soon, MG and Foton.
Yahoo
17-02-2025
- Business
- Yahoo
Singapore Buy Now Pay Later Market Report 2025: A $1.94 Billion Market by 2030, with Compound Annual Growth of 7.9% Forecast During 2025-2030
Singapore's BNPL market is expanding rapidly, fueled by the rise of e-commerce and changing consumer preferences for flexible payment options. Established players such as Atome, GrabPay, and Rely drive competition, while recent mergers and acquisitions, such as Pace Enterprise's acquisition of Rely, indicate a trend toward market consolidation. As the sector matures, BNPL providers are expected to enhance their service offerings and form strategic partnerships to capture a larger share of the growing market. Looking ahead, regulatory oversight will play a crucial role in shaping the BNPL landscape in Singapore. While the industry operates under a self-regulated framework supported by MAS, stricter compliance requirements may emerge to ensure responsible lending and consumer protection. Singaporean Buy Now Pay Later Market Dublin, Feb. 17, 2025 (GLOBE NEWSWIRE) -- The "Singapore Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update" report has been added to BNPL payment market in Singapore is expected to grow by 11.1% on annual basis to reach US$1.32 billion in 2025. Singapore's BNPL market experienced robust growth during 2021-2024, achieving a CAGR of 19.3%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 7.9% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 1.19 billion to approximately USD 1.94 billion. This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Singapore, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share breaks down market opportunities by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market InsightsSingapore's BNPL market is undergoing rapid growth, driven by increasing consumer demand for flexible payment solutions and digital commerce expansion. The sector's adoption is fueled by e-commerce, consumer preference for alternative credit, and the integration of BNPL into non-traditional sectors such as transportation. As BNPL services extend beyond retail into daily essential services, they are becoming a key component of Singapore's digital payments the next few years, competition in the BNPL space will intensify, with more providers entering the market and forming strategic partnerships. ShopBack's acquisition of Hoolah highlights the trend of consolidation and collaboration among BNPL players. As the industry matures, innovation in payment solutions and regulatory developments will shape the market, ensuring that BNPL remains a widely adopted and sustainable financial tool in Singapore's evolving financial Adoption of BNPL Services The rising adoption of BNPL is largely driven by consumers seeking more flexible and interest-free payment options to manage their purchases. As digital payments gain traction, BNPL services are becoming integral to Singapore's financial ecosystem, particularly in online retail and everyday transactions. E-commerce growth has significantly accelerated BNPL adoption as more consumers opt for installment-based payments instead of upfront costs. Additionally, the preference for alternative credit solutions is increasing, as BNPL provides a transparent and accessible option compared to traditional credit cards. These factors have encouraged BNPL providers to expand their reach, forming partnerships with merchants across various sectors to capture a larger market share. Companies will likely introduce more innovative BNPL models and diversify their offerings to cater to wider consumer needs. As adoption intensifies, regulatory frameworks and responsible lending practices will also play a critical role in shaping the future of BNPL services in Singapore. Integration of BNPL into Various Sectors Expanding BNPL services beyond retail into sectors such as transportation and utilities is reshaping Singapore's digital payment landscape. Grab's introduction of 'PayLater' allows consumers to defer payments across its various services, including ride-hailing, food delivery, and digital payments. This diversification highlights the increasing role of BNPL in everyday transactions, making installment-based payments more accessible beyond traditional shopping. The primary driver of this trend is the growing need for flexible financing solutions for essential services. By offering BNPL options for transportation and utilities, providers enable consumers to manage their expenses more effectively, reducing financial strain. This shift is also supported by the broader adoption of digital payment ecosystems, where consumers expect seamless and convenient financing options integrated into their daily lives. Over the next few years, BNPL's integration into multiple sectors will accelerate the transition toward a cashless society. As adoption grows, more service providers will likely introduce BNPL options to attract and retain customers. This expansion could also increase consumer spending, as installment-based payment models encourage higher transaction values and greater financial inclusion across different income groups. Strategic Partnerships Enhancing BNPL Reach Strategic partnerships are crucial in expanding the reach of BNPL services in Singapore. ShopBack's acquisition of Hoolah exemplifies how BNPL providers are consolidating and forming alliances to strengthen their market presence. By integrating BNPL services with cashback and rewards programs, such collaborations enhance consumer engagement and expand the use of installment-based payment options. The main driver behind these partnerships is the opportunity to leverage established customer bases and merchant networks for rapid market expansion. By integrating BNPL with existing financial and retail ecosystems, providers can offer more seamless payment solutions while diversifying their services. These alliances also create synergies between fintech companies, payment platforms, and retailers, helping BNPL providers scale more efficiently in a competitive market. Over the next few years, BNPL partnerships are expected to increase the visibility and mainstream acceptance of installment-based payments. As more companies integrate BNPL into their service offerings, competition will drive further innovation in payment solutions and customer experience. This trend will likely contribute to the long-term sustainability of BNPL in Singapore, making it a widely accepted alternative to traditional credit. Competitive Landscape and Regulatory Developments in Singapore's Buy Now, Pay Later (BNPL) MarketSingapore's BNPL market is expanding rapidly, fueled by the rise of e-commerce and changing consumer preferences for flexible payment options. Established players such as Atome, GrabPay, and Rely drive competition, while recent mergers and acquisitions, such as Pace Enterprise's acquisition of Rely, indicate a trend toward market consolidation. As the sector matures, BNPL providers are expected to enhance their service offerings and form strategic partnerships to capture a larger share of the growing ahead, regulatory oversight will play a crucial role in shaping the BNPL landscape in Singapore. While the industry operates under a self-regulated framework supported by MAS, stricter compliance requirements may emerge to ensure responsible lending and consumer protection. As competition intensifies and regulatory frameworks evolve, BNPL providers will need to focus on innovation and sustainable business practices to maintain growth and remain competitiveCurrent State of the BNPL Market Singapore's BNPL market is expanding rapidly, fueled by the growth of e-commerce and shifting consumer preferences toward flexible payment solutions. As more consumers seek interest-free installment options, BNPL providers integrate their services across various retail and digital platforms. BNPL is set to become a key component of Singapore's digital financial ecosystem. The increasing adoption of cashless transactions and alternative credit solutions will continue driving BNPL expansion. As competition intensifies, providers will likely introduce new features and partnerships to enhance accessibility and capture a larger share of the growing market. Key Players and New Entrants Atome: A leading BNPL provider in Singapore, Atome offers consumers the flexibility to split their purchases into interest-free installments. GrabPay: Integrated within the Grab ecosystem, GrabPay provides BNPL options, allowing users to defer payments across various services, including transportation and food delivery. Hoolah: Before its acquisition by ShopBack, Hoolah was a notable BNPL provider in Singapore, enabling consumers to make purchases and pay in installments. Rely: Rely offers BNPL services, allowing consumers to split their purchases into interest-free installments. Outlook Over the next 2-4 years, the BNPL market in Singapore is expected to continue its expansion, driven by ongoing digitalization and increasing consumer demand for flexible payment options. However, the competitive landscape will likely intensify as new entrants emerge and existing players enhance their offerings. Regulatory scrutiny is also anticipated to increase, with the potential for more stringent guidelines to ensure responsible lending practices and consumer protection. Providers must navigate this evolving environment by focusing on innovation, strategic partnerships, and compliance with regulatory standards to maintain and grow their market share. Regulatory Changes In response to the rapid growth of BNPL services and potential consumer risks, the Monetary Authority of Singapore (MAS) has been closely monitoring the sector. MAS supports effective industry self-regulation through a BNPL Code of Conduct, which includes safeguards such as age restrictions and credit limits to mitigate the risk of consumers accumulating excessive debt. Companies Featured Atome ShopBack GrabPay Hoolah Pace LatitudePay SeaMoney Ablr Rely Octifi Key Attributes: Report Attribute Details No. of Pages 88 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $1.32 Billion Forecasted Market Value (USD) by 2030 $1.94 Billion Compound Annual Growth Rate 7.9% Regions Covered Singapore Report ScopeThis report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Singapore through 58 tables and 75 charts. Below is a summary of key market segments. Singapore BNPL Market Size and Spending Pattern Singapore Buy Now Pay Later Revenue Analysis Singapore Buy Now Pay Later Operational KPIs & Statistics Singapore BNPL by Purpose Singapore BNPL by Business Model Singapore BNPL by Merchant Ecosystem Singapore BNPL by Distribution Model Analysis Singapore Buy Now Pay Later Market Share Analysis by Key Players Singapore BNPL Analysis by Channel Singapore Buy Now Pay Later in Retail Shopping: Market Size and Forecast Singapore Buy Now Pay Later in Home Improvement: Market Size and Forecast Singapore Buy Now Pay Later in Travel: Market Size and Forecast Singapore Buy Now Pay Later in Media and Entertainment: Market Size and Forecast Singapore Buy Now Pay Later in Services: Market Size and Forecast Singapore Buy Now Pay Later in Automotive: Market Size and Forecast Singapore Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast Singapore Buy Now Pay Later in Others: Market Size and Forecast Singapore Buy Now Pay Later Analysis by Consumer Attitude and Behaviour For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Singaporean Buy Now Pay Later Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
