China: Hongguang Mini, Tesla Suppressed Sales Leader: Cheap EV

China: Hongguang Mini, Tesla Suppressed Sales Leader: Cheap EV

“Hongguang Mini EV”: 

Chinese EVs are making rapid progress.

EV industry in China:

The best-selling EV in China from January to May this year is not Tesla.

It was the “Hongguang Mini” of Shanghai Wuling Railway.

Shanghai Wuling Railway:

The company is with General Motors (GMP) of the United States.
SAIC Motor of China,
Guangxi Automobile Group (formerly Goryo Group),
It is a joint venture manufacturer of three companies.

Hongguang Mini VS Tesla:

Hongguang Mini EV has sold 150,000 units.

It greatly exceeded the total of 100,000 Tesla Model 3 and Model Y.

Immediately after its launch in July last year, it threatened Tesla and finally took the top spot in sales.

last year
127,000 units have been sold in half a year since its release.

this year
Sales of 400,000 units are expected throughout the year.

Hongguang Mini EVs popular secret:

It is cheap and practical at 28,800 yuan (490,000 yen).

It is an ultra-compact with a total length of less than 3m.
It is a four-seater and can be used as a trunk by folding the back seat.
The cruising range when fully charged is 170 km, and there is no problem with going to work.

Korea Automobile Research Institute
Lee Ho Responsible Researcher

“There are many cases where young people living in the city buy it for going to work.

Overseas expansion is likely to begin in earnest. “

Chosun Online | Chosun Ilbo

http://www.chosunonline.com/m/svc/article.html?contid=2021062980004

China EV, sales “exceeding Tesla” Aiming at a cheap price World market domination:
Nihon Keizai Shimbun

https://www.nikkei.com/article/DGKKZO71353220V20C21A4TJC000/