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GM venture's mini car becomes China's most sold EV, surpassing Tesla's Model 3

Published 09/08/2020, 04:13 AM
Updated 09/08/2020, 05:35 AM
© Reuters. Man walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai

By Yilei Sun and Brenda Goh

BEIJING (Reuters) - A micro electric vehicle (EV) by General Motors' (N:GM) local Chinese joint venture becomes the most sold EV model in China, with 15,000 cars sold in China last month, followed by Tesla Inc's (O:TSLA) 11,800 Model 3 sedans, industry data showed.

The model, the Hongguang MINI EV, is a two-door micro electric vehicle launched by the joint venture between GM, SAIC Motor Corp (SS:600104) and another partner, SGMW, in July.

The starting price for the Hongguang MINI EV is 28,800 yuan ($4,200), less than 10% of the 291,800 yuan starting price for Tesla's China-made Model 3 vehicles before they get government subsidies.

GM's new China boss Julian Blissett told Reuters in August that it would renew its focus on luxury Cadillacs, roll out bigger but greener sports-utility vehicles (SUVs) and target entry-level buyers with low-cost micro electric vehicles.

Tesla sold 11,000 Shanghai-made Model 3 vehicles in China in July, according to the China Passenger Car Association (CPCA). CPCA uses a different counting method than Tesla's official deliveries. Tesla and GM did not immediately respond to a request for comment.

Latest comments

Where does the electricty come from for all these ev’s?
Bye bye tesla. The big boys came to play
More bad news foresla. Would not be surprised if Tesla hits $100 over 1 week.
True, China produces 93% of old-tech cancerogenic and CO2 emitting vehicles and 7% of clean, human-safe futuristic Tesla machines. Electric cars extend the life of the Chinese by 20 years and substantially halt climate change. In the U.S., Tesla is a God that provides technology that prolongs the life of Americans and avoids traffic accidents. Open your eyes and thank Alon Musk :-)
Let me guess: Trump supporter?
you need to recharge the battery, where is the energy come from.EV !!!!
 Seems, you are too optimistic on that :-)
with a capacity of 20.000 it does not seems promising. the hype is over. Now people will want what they know, Audi, Merc and so on. In the car world specs aint everything.....( if so, VW will only sell skoda)
Yay! 0,07% of all cars sold in China in July were Teslas! Go Tesla Go!
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