Tech Planet learned that AITO Auto released the "Listing Instructions on the Price Adjustment of the M5 of the Q&5 Afterdrive Standard Edition of the Q&I M5", which was affected by the increase in the cost of raw materials upstream of the car. The Q&I M5 4WD version will be priced at 24:00 on May 5, 2022, and the specific adjustment plan will be announced before May 5, 2022. The starting price of the afterdrive standard version was adjusted to 259,800 yuan, compared with the previous starting price of the after-drive standard version of 249,800 yuan, an increase of 10,000 yuan, and will be officially launched at 16:08 on April 20, 2022.
Previously, on March 25, AITO Auto officially announced the final price of its first model, the M5: a total of three models were launched, and the comprehensive subsidies were starting from 249,800 yuan for the rear-drive standard version, 279,800 yuan for the four-wheel drive performance version and 319,800 yuan for the four-wheel drive flagship version.
It is worth mentioning that Yu Chengdong, CEO of Huawei's consumer business and CEO of Smart Car BU, said in an interview with Wu Pei, a well-known car critic, that due to the overall chip supply problem in the automotive industry, it is unrealistic for the new car brand AITO to reach a sales target of 300,000 vehicles this year.