A new electric vehicle (EV), created from a joint General Motors (GM) venture, has already brought in tens of thousands of preorders and surpassed the Tesla Model 3, becoming China’s best-selling EV currently on the market.
The car, Wuling’s Hongguang Mini, was launched in late July and costs only $4,300 dollars, a major selling point for China’s less affluent population. It has now become China’s top-selling car according to the Wall Street Journal, and is set to compete very closely with Tesla’s Model 3, the price of which is starting at $37,600 after subsidies.
The Hongguang Mini is tiny, to be sure, but it can also seat up to four adults. It also features a trunk that can be used, though only if the back seats are folded down.
— Jonathan Maietta (@jonathanmaietta) November 13, 2020
In China, Tesla recently produced 22,929 Model 3 units at its Shanghai Gigafactory. The Model 3, currently the Hongguang Mini’s largest competitor, is the world’s top-selling EV, though the Chinese EV market is likely Tesla’s most important market.
While it should come as no surprise that a vehicle as affordable as the Wuling Hongguang Mini would beat out Tesla’s Model 3 for China’s best-selling vehicle, it will be interesting to see what the future holds for the two brands.
Contributing Writer at TeslaNorth.com from California’s southeast Bay Area. Covers electric vehicles, space exploration, and all things tech. Loves a good cup of coffee, live music and puppies. Buying a Tesla? Click here to get 1,000 free Supercharging miles.