This tiny $4,500 EV with just 27 horsepower is crushing the Tesla Model 3 in China (TSLA, GM)
Published
May 16 2021 at 5:00 PM GMT
Key
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Points
- A tiny bargain-bin electric car is crushing the Tesla Model 3 in one of the US carmaker's most crucial markets.
- In April, the Wuling Hong Guang Mini EV was China's most popular EV, selling 26,592 units, according to the China Passenger Car Association.
- Elon Musk's automaker came in second, moving 6,264 Model 3 sedans in China over the same period.
- The Mini EV was launched in July through a joint venture between GM and two Chinese companies: Wuling and SAIC.
- The model starts at the equivalent of around $4,500, but a fully-loaded version will run you $6,000.
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- Published May 16, 2021 5:00 PM GMT