An electric car from China could go head-to-head with market leader Tesla, and prices don't disappoint
A cost-effective electric car, sold in China for about $4.500, is proving more popular than high-end cars from rival US carmaker Tesla. The compact electric car proved to be a huge success for state-owned SAIC Motor, China's biggest automaker. with the name of Hong Guang Mini EV, the electric car was developed in a commercial partnership with General Motors (GM), one of the giants in the sector.
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Last month, sales of this electric car were twice as high as rival Tesla's figures, which had the safety of its factory questioned in China recently.
New Chinese vehicle promises to give rival Tesla a headache, even with supposedly lower requirements
Auto experts said that while the Chinese electric car clearly trails rival Tesla in terms of battery life, range and performance, its convenience and low price have made it one of China's best-selling new energy vehicles.
The vehicle which was released in 2020, reaches a top speed of 100 km/h and can accommodate four people tightly.
Chinese government aims to reduce pollution with electric car innovation
"China's government is serious about reducing pollution and has become a global leader in adopting and driving innovation in electric vehicles," Shaun Rein, director of the China Market Research Group, told the BBC.
“We remain very optimistic about the adoption of low-cost electric vehicles like the Hong Guang Mini EV, and even higher-end ones like NIO and Tesla.”
To promote these new cars, the Chinese government offers buyers guarantees and even exemption from fees and taxes, which is a very good thing. Because in many cities, acquiring a car with a gasoline engine can take months, if not years, because they depend on an auction system.
