May the first week of the year 2024 be full of news, both happy and unhappy. The French cycle industry has indeed experienced a new bankruptcy, Xiaomi has given a strong indication on the price of its first electric car, and above all, car manufacturers have made significant price reductions on their range.
Larrun is in liquidation
Larrun, a French electric bicycle brand founded in 2021, is now in liquidation. Despite high ambitions and interesting innovations, the company encountered financial difficulties, particularly due to bicycles being returned to after-sales service and production delays. These problems scared off investors and led to a shortage of funds. Three potential buyers are in the running for the takeover of Larrun.
Xiaomi SU7: a first idea of its price
Xiaomi recently unveiled the SU7, its first electric car. Its CEO even gave a first idea of its price, which should hover around 65,000 euros… in China. The SU7 stands out for its performance, including a 299 hp engine, a 73.6 kWh battery offering up to 668 km of autonomy by Chinese standards, and acceleration from 0 to 100 km/h in 5.28 seconds. It positions itself favorably against competitors like Tesla and Porsche, offering excellent value for money.
Electric cars: price cuts galore
The year 2024 is off to a flying start. With a modification of the French ecological bonus, certain manufacturers have adjusted their approach by lowering the prices of their ranges, in order to remain competitive. Like a domino effect, many manufacturers imitated them. Here is a summary of all the significant drops to be aware of: