During Tuesday's Yankee talk show, he revealed that the Type 041 may not be mass-produced. Combined with new satellite imagery, it now appears the PLAN has decided to continue building its fleet around large, more conventional SSNs. So, you might be right; based on previous development experience, JN has unveiled another large SSN…
My personal guess is that JN’s design is closer to the Virginia-class blk4/5, using a similar hull size but with a modified small sail and X-rudder. Huludao's design is more like the Seawolf Plus, focusing on the pursuit and hunting of underwater targets…
In addition, the JN design (10m x 110m ) are a little smaller than the existing Type-093B.
Let's assume this is the Low-end design and the Type-095 is the High-end design.
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So the Type-095 is used to hunt other submarines, carrier groups, and also long-distance missions where it benefits from its size and performance.
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So a low-end design typically has 80% of the performance but is only 50% of the cost?
If they were to reuse a single 75MW reactor from the Type-093B, they should still be able to reach 26+ knots given a 10m hull diameter and the small sail. That is still fast enough for most missions against SSKs or surface ships. Or perhaps it does use the Type-095 reactor, which may be the lower-cost option.
Then assume it's been updated somewhat, so it's noise level would be comparable to ocean background levels, like the Virginia and Type-095.
Presumably the Type-095 has been designed to operate at 400-500m depths like the Seawolf, whereas 300-400m is more "standard".
In littoral operations, there should be little real-world performance difference between a Hi-Lo SSN design.
It's shallow waters, it's noisy from all the ship traffic and turbulence from seafloor features, and we're not going to see targets like carrier groups go anywhere near a hostile shoreline.
So for shallow water missions and missions up to the Second Island Chain, you'd be better off buying two smaller low-end SSNs for the price of a single Type-095?