Exeed VX 400T road test: Chinese SUV is cheap and cheerful


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Another week, another new Chinese SUV – or so it seems. The onslaught of new brands and models from the world’s second-most populous nation is frankly bewildering. Yet another recent addition to the UAE market is premium SUV marque Exeed – a subsidiary of Chinese car-making giant Chery Automobile.

Exeed’s local line-up comprises a quartet of high-riding wagons, the full-size VX, rakish RX, medium TXL and smaller LX, enabling the brand to target a wide cross-section of SUV shoppers in the UAE.

The National tested the hulking VX, which kicks off at a competitive Dh129,999, meaning you get a lot of metal and kit for your money. Even the bells-and-whistles-laden Black Gold range-topper is priced at a keen Dh149,999.

Measuring a tad under 5 metres long, the VX is offered solely in all-wheel-drive, seven-seat format in the UAE, so it could conceivably be considered an alternative to the likes of the Hyundai Palisade, Kia Telluride and Mazda CX-9.

The conventionally styled Exeed VX is unlikely to alienate any potential buyers with its mainstream looks, and the same goes for the rest of the package. It’s a pleasant, if unexciting, wagon to drive.

Despite being a large chariot, propulsion for the VX comes from a seemingly undersized 2.0-litre four-cylinder turbo motor. Outputs of 261hp and 400Nm are decent numbers on paper, but the F4J20 unit makes heavy weather of shifting the 1.9-tonne SUV. The engine has little in the way of lowdown grunt, so you need to get the revs past at 2,500rpm to get the VX moving briskly (or as close to brisk as it gets).

The seven-speed dual-clutch auto is also calibrated for lazy upshifts at relatively low revs, so you may opt to overcome this by using the manual shift paddles if your aim is to extract more spirited performance.

On the plus side, the Exeed VX lopes along in comfort and refinement for the most part, and the plush cockpit wouldn’t look out of place in a premium German offering. The 12.3-inch digitised instrument cluster and 12.3-inch infotainment screen are both housed within a Mercedes-esque rectangular panel, and Exeed’s designers have made good use of faux wood and metal trim. The quilted leather seats also look good and are comfortable to perch in.

The second-row seats are comfortable, but the third-row is best for children. Photo: Gautam Sharma
The second-row seats are comfortable, but the third-row is best for children. Photo: Gautam Sharma

The VX is an SUV that’s happiest when you’re trundling along in sedate fashion. Somewhat woolly steering and roly-poly handling are deterrents to hustling the big wagon across winding country roads, so it’s far better to cruise serenely and bask in the Exeed’s opulent and well-appointed living quarters.

The Exeed VX isn’t conceived as an off-roader and it doesn’t make too many pretences about this fact as there aren’t any gimmicky knobs with different terrain modes or any manual controls for the AWD system.

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There is also the fact the range-topping model rides on 20-inch rims with road-biased 245/45R20 Continental tyres, so this vehicle is pitched squarely at urban warriors who won’t be doing anything more arduous than the school run, shopping expeditions and the daily schlep to office and back.

The second-row seats are comfy and adequately spacious, but the third-row pews are only fit for the junior brigade as they’re cramped and not easy to access. Luggage capacity is also not great for a vehicle that’s 4,970mm long and 1,940mm wide as you get a modest 461 litres to play with by folding down the third-row seats. Exeed doesn’t even quote a luggage capacity figure with all seven seats in place – it’s basically just enough for one suitcase.

The VX comes loaded with more standard kit than any of its rivals as even the base model is equipped with 19-inch alloys, LED headlights, a panoramic sunroof, three-zone AC, leather upholstery, six-way power-adjustable seats, 12.3-inch digitised instrument cluster and 12.3-inch infotainment screen, head-up display, driving recorder camera, passive entry and start, eight-speaker Sony sound system, wireless phone charging and multifunction steering wheel.

All in all, the VX isn’t scintillating to drive, and nor does it set any class benchmarks for dynamics or refinement. That said, it’s acceptably good in these departments, and it compensates for any dynamic shortcomings via its superbly appointed cabin and overall fit and finish. It may not be the most accomplished seven-seat SUV out there, but you certainly do get plenty of metal and mod-cons for your money.

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4,872 matches 

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: January 29, 2024, 4:06 PM