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GM EN-V Miao(Magic)
· Vehicle
o EN-V is short for Electric Networked Vehicle
o Leverages electrification and connectivity, creating a new class of personal urban mobility
o Connectivity separates EN-V from other electric vehicles
o Autonomous driving, parking and retrieval with advanced sensors and drive-by-wire systems
o Uses electricity supplied by a lithium-ion phosphate battery and can be recharged using ordinary outlets
o Maximum speed of 40 kph and range of 40 kilometers, which is more than required by the average urban commuter
o One-sixth the size of a regular passenger car and a 1.74-meter turning radius
o Two-wheel drive, accommodates two passengers
· Operating Cost
o One-fifth to one-sixth the price of a conventional motor vehicle
o One-third to one-fourth the operating cost of a passenger car
o Can be driven 24,000 kilometers for RMB 840 (based on current electricity rates in China)
Urbanization Facts:
o There will be more than 1.2 billion cars on the earth in 30 years
o By 2030, 60% of the world’s population will live in urban areas
o China’s estimated urban population will reach 1 billion by 2030
o In megacities, 30% of fuel is wasted while drivers look for a parking spot (costing the average commuter an extra RMB 336 per month) and 70% of vehicle owners have trouble finding parking at least once per day
o Today’s cars require more than 10 square meters of parking space and are parked more than 90% of the time
o Half of all trips in metropolitan areas are 5 kilometers or less and 28% are 1.6 kilometers or less
o In cities, more than 85% of vehicles have one occupant
