The model, the Hongguang MINI EV, is a two-door micro electric vehicle launched by the joint venture between GM, SAIC Motor Corp and another partner, SGMW, in July.
The starting price for the Hongguang MINI EV is 28,800 yuan , 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 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 uses a different counting method than Tesla’s official deliveries. Tesla and GM did not immediately respond to a request for comment.
prestonjbyrne Of course this comes out after Tesla finishes selling their $5b worth of fresh minted common stocks.
You know those are tesla's in the photo right? No wonder you get some much hell for being fake..you can't even get a photo to align with the article you wrote..
That's how its done elonmusk
Wow the price is amazing. Less than $6000 CAD. ITS A GREAT CAR for doing errands. But I still prefer my SUV all wheel drive for Canadian winters
Finally something interesting reported by Reuters.
This car beats Telsa Model 3. A real Telsa killer. Telsa Teslaq
Price makes a big difference