Nikan Motor announces new sales terms and price hike for IM LS7

Nikan Motor has announced new sales conditions and a price increase for the IM LS7, a luxury all-electric smart SUV. The vehicle's price has risen to 14.7 billion Tomans, representing an increase of approximately 1.734 billion Tomans from its previous price of 12.966 billion Tomans.

Registration for this sales phase is scheduled to run from September 17 to September 24, 2026. Buyers can choose between cream and gray colors and must pay the full price upfront. The delivery period is set at 60 working days. In the event of a delivery delay, a penalty rate of 36 percent per annum will be applied, provided the buyer has made timely payments.

The IM LS7 features a dual-motor electric system producing 570 horsepower and 725 Nm of torque, allowing for a 0-100 km/h acceleration in 4.5 seconds. It is equipped with a 100 kWh battery offering a range of up to 611 km under the NEDC cycle. Warranty coverage includes 3 years or 100,000 km for the vehicle and 5 years for the battery.