Chinese $4500 electric vehicle outsells Tesla
Last month, Hong Guang Mini sales surpassed Tesla almost two-to-one.
A budget electric vehicle selling in China for $4,500 is now outselling Tesla’s more upmarket cars.
The compact car has been a big hit for the top Chinese automaker, SAIC Motor.
The Hong Guang Mini EV is being built as part of a joint venture with the United State’s car giant General Motors (GM).
In January, sales of the budget electric car in China were around double those of Tesla, which was questioned this month regarding safety issues.
While the $4,500 Hong Guang Mini is the most popular model with upgraded air conditioning for just over $5,000, the automobiles are being marketed as “the people’s commuting tool.”
Many Car experts have stated that while the Chinese car lags well behind Tesla when it comes to its range, battery, and performance. However, its practicality and low cost have made it one of China’s bestselling electric vehicles.
Having launched last year, the Chinese vehicle’s basic model has a top speed of 100km/h (62mph) and can accommodate four people at a squeeze.
The Hong Guang Mini EV saw sales of 112,000 for the second half of 2020, ranking second behind Tesla’s Model 3, which is made in its Shanghai factory.
Earlier this month, five Chinese regulators summoned Tesla over quality and safety issues at its plant. China is Tesla’s biggest market after the United States.
Last month, Hong Guang Mini sales surpassed Tesla almost two-to-one. Many experts believe that it is the second-best-selling electric model worldwide behind the Model 3.
According to the China Passenger Car Association (CPCA), the tiny, all-electric EV sold 25,778 models in China last month. It compares to 13,843 for the Tesla Model 3.
What are your views on this? Share with us in the comments below.