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Post Info TOPIC: In China,Hong Guang Mini ( starts @ $4,500 U.S.) is leaving Tesla in the dust


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In China,Hong Guang Mini ( starts @ $4,500 U.S.) is leaving Tesla in the dust


https://www.aljazeera.com/economy/2021/6/7/in-china-a-little-known-ev-car-firm-is-beating-tesla-and-others

SAIC-GM-Wuling Automobile Co. has sold some 270,000 of the Hong Guang Mini within nine months, making it the best-selling EV in China.

For now, it's a strategy that's paying dividends for Wuling.

The company, owned 50.1% by Shanghai-based SAIC,

44% by GM's China unit and 5.9% by Guangxi Automobile,

sold 1.6 million vehicles in total last year.

While that was down about 4% from 2019 amid the pandemic,

Wuling's new-energy vehicle sales almost tripled to 174,000 units.



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