Tesla’s Nemesis in China Is a Tiny $5,000 Electric Car From GM

[Place Of Space]

That's why I emphasized "some European cities". You know Paris and Florence are European cities, right?

I don't think a new car worth more than $20000 is affordable to 40 million poor Americans living on food stamps. Of course, if you're talking about second-hand cars and these poor people don't have houses but live in cars, I admit they will even own a RV.

This tiny EV is suitable to people living in town and countryside.

 

[ARMalik]

it is not fraud or a crime. It is the free market. Free market is full of idiots. World is full of stupid people who give their savings to other stupid people. Stupid people have made Musk and his allies VERY rich.

FREE MARKET? Please learn some basics; it is US Fed Reserve artificially pushing up the US stock market. I am happyto give you some basics of how this all works.

 

[313ghazi]

With $20K, you can get these models:
A pure electric SUV the size of Honda CRV, with a range of ~500km

or this:
starts from 149,800 cny or 21,900 usd, with 510 km of range, dimension: L*W*H 4630*1910*1655mm, 2830mm wheelbase lengh.. All safety features including electronic stability control etc. come as standard. And an amazing infotainment system:

Or any models below all have the size of a Honda CRV, and a range of at least 400km or more, and all safety feature mentioned above, and infotainment system as well: and sold for ~20,000 USD:
this

Or this

Or this

etc. etc.

These cars can be a genuine challenge if they can hit the Western markets.

 

[Beidou2020]

Nio, Xpeng, Li Auto, BYD and other domestic companies will take down Tesla. The same thing happened in the smartphone market after Samsung and Apple dominated and now they are almost irrelevant in the China market.

 

[Beast]

Tesla’s Nemesis in China Is a Tiny $5,000 Electric Car From GM

Known globally for its trucks and muscle cars, General Motors Co. has scored a surprise hit in China with its local partners: a petite electric vehicle that sells for less than $5,000.

www.bloomberg.com

View attachment 673609
Hongguang MINI EV

Known globally for its trucks and muscle cars, General Motors Co. has scored a surprise hit in China with its local partners: a petite electric vehicle that sells for less than $5,000.

The Hongguang MINI EV, made by SAIC-GM-Wuling Automobile Co., is currently the hottest EV in China, the world’s biggest automobile market. Sales of the compact four-seater beat industry giant Tesla Inc. in August, with consumers wowed by its tiny price tag -- the EV retails for between 28,800 yuan ($4,230) and 38,800 yuan -- and its ability to run for as many as 170 kilometers (106 miles) on a single charge. Orders exceeded 30,000 units in just 50 days.

The MINI EV’s runaway success underscores the latent demand for electric cars at the right price point. Tesla earlier this week said it plans to build a $25,000 EV in about three years. One of the biggest challenges in making EVs cheaper is the battery, which currently represents about one-quarter of a car’s cost because of the expensive metals used, such as lithium, cobalt, nickel and manganese.

“A lot of consumers don’t need anything fancy, a commute is all they ask from a car,” said Yale Zhang, founder of AutoForesight, a Shanghai-based consultancy. “I’m all for a product like the MINI EV.”

The car is also a fillip for GM in China, whose market share has been on the decline. The U.S. automaker said in January it sold about 3.1 million vehicles in China in 2019, down 15% on 2018. The Detroit-based firm’s slump has been exacerbated by the trade war with the U.S., and sales of its Buick and Chevrolet brands have taken a beating.

It may be tough for SAIC-GM-Wuling to maintain its No. 1 position but it can probably at least remain in the top three, according to Cui Dongshu, secretary general of the China Passenger Car Association.

That’s even despite the MINI EV not attracting any government subsidy because of its range of less than 250 kilometers. (Buyers who purchased an EV in China before July 1, 2019 used to receive a subsidy of 60,000 yuan, which itself has fallen to 21,000 yuan in 2020.)

One reason is that the MINI EV, or cars of its ilk, could emerge as a replacement for the many low-speed electric vehicles (LSEV), a mode of transport that’s largely indigenous to China and that covers electric bikes and tricycles. In 2018, about 45.4 million LSEVs were produced.

LSEVs are used mainly in rural areas or by elderly residents in cities who want to travel short distances around the neighborhood for shopping and errands. Under the current regulatory framework, there aren’t any rules governing the production and sale of electric vehicles with top speeds below 100 kilometers per hour.

The result has been a proliferation of cheap, poorly made EVs powered by polluting lead batteries that pose a threat to road safety and the environment, the Ministry of Industry and Information Technology said in 2016. The ministry said later that it has been working on regulatory frame work governing this category of product.

“That’s a huge market for EV makers to grab,” Zhang said. “SAIC-GM-Wuling has made it possible to sell its EV at a competitive price against gasoline cars without any government subsidy. That’s some milestone. It’s testimony to their strength on cost control and supply-chain management.”

Consumers like Zhang Wu are also impressed. Zhang, a retired factory worker in his late 60s, drives a LSEV with no branding or bells and whistles to speak of. It cost 13,000 yuan and he uses it mainly to ferry his grandson to school and back.

The MINI EV “looks way better than my car,” said Zhang, who lives in a suburb in Beijing’s outskirts. “I always feel a bit nervous in this low-speed car because it’s kind of shaky.”

Typical low life American article who try to fool the rest of the world. Tesla are now pissing in their pants. Purposely pick on a very budget ev and think this is the best China can offer.

Xpeng P7 better autonomous parking, superior range than Tesla, sleek design and world class sound system. The sound proof of xpeng P7 are better than Tesla crap.

BYD han, the world most safe EV due to the strict test carry out that will never caught fire in any situation. The quality and design of the interior will beat any tesla sedan offer in market now.

Both Xpeng P7 and BYD Han are eating into Tesla market share and end of the years, you will see the effect of Tesla model 3 sales affected in China.

 

[Beast]

This car is no threat to Tesla. It might be small and cheap but it barely seats 2 people and needs charging daily.

Let's see when thier $25K car comes out.

Personally I expect people to commute much less so vehicles like this will have a reduced market.

Don't be fool by American article. They are capable of misleading others about China.

This is the best EV offer by China at the moment. The spec beats everything tesla can throw and it's selling like hotcake at the moment. The factory are struggling now to meet customer demands.

 

[Kai Liu]

Don't be fool by American article. They are capable of misleading others about China.

This is the best EV offer by China at the moment. The spec beats everything tesla can throw and it's selling like hotcake at the moment. The factory are struggling now to meet customer demands.

Do not forget these performance cars from NIO:

And:

BTW, as I have mentioned, even this tiny cute baby Wuling Mini EV has nothing to do with GM. GM should stop counting Wuling/Baojun into its sales figures as GM is NOT even the largest share holder of SAIC-GM-Wuling...

 

[Kai Liu]

Nio, Xpeng, Li Auto, BYD and other domestic companies will take down Tesla. The same thing happened in the smartphone market after Samsung and Apple dominated and now they are almost irrelevant in the China market.

Good analogy. When compare today's car company to phone makers, I would make the following prediction for those car companies will become in the following one or two decades:
Tesla~Apple
BYD~Huawei
NIO~Xiaomi
Xpeng~Oppo/Vivo
Toyota~Samsung
GM~Motorola/Nokia
Another advantage which our phone makers lack is that China also has some of the top battery makers such as CATL and BYD, etc.

 

[Hamartia Antidote]

This is the best EV offer by China at the moment. The spec beats everything tesla can throw and it's selling like hotcake at the moment. The factory are struggling now to meet customer demands.

??? This isn't about the best. This is about total sales reported by the Chinese Passenger Car Association. Read the OP again.

 

[Hamartia Antidote]

BTW, as I have mentioned, even this tiny cute baby Wuling Mini EV has nothing to do with GM. GM should stop counting Wuling/Baojun into its sales figures as GM is NOT even the largest share holder of SAIC-GM-Wuling...

It's a joint venture and GM owns 44% (has to be < 50% foreign ownership)

About GM China | Our Company | GM China

About GM China | Our Company | GM China

www.gmchina.com

.
SAIC-GM-Wuling Automobile Co., Ltd. (SAIC-GM-Wuling)
SAIC-GM-Wuling Automobile Co., Ltd. (SAIC-GM-Wuling) is a joint venture that was founded on November 18, 2002. GM China has a 44.0 percent stake, SAIC a 50.1 percent stake and Guangxi Automobile Group Co. Ltd. (the former Wuling Motors) a 5.9 percent stake.

 

[Kai Liu]

It's a joint venture and GM owns 44% (has to be < 50%)

About GM China | Our Company | GM China

About GM China | Our Company | GM China

www.gmchina.com

.

SAIC-GM-Wuling Automobile Co., Ltd. (SAIC-GM-Wuling)
SAIC-GM-Wuling Automobile Co., Ltd. (SAIC-GM-Wuling) is a joint venture that was founded on November 18, 2002. GM China has a 44.0 percent stake, SAIC a 50.1 percent stake and Guangxi Automobile Group Co. Ltd. (the former Wuling Motors) a 5.9 percent stake.

I know. But if you want to count the sales of a brand owned by different companies, you have to be the largest share holder. In this case, it is SAIC. Although you have 44.0% stake, you are still a minor share holder, but GM count Wuling/Baojun sales for years, which is not strictly legitimate... If a minor share holder can count the company's sales, than Geely can also count Daimler sales, and it is even more legitimate than GM to count Wuling/Baojun sales, as Geely is Daimler's largest single shareholder.
More importantly, this little tiny EV has no GM input, being its motor, its battery or its platform, nothing comes from GM... The article you posted especially the title is just pathetic...Didn't expect Americans use such cheap low tricks like the indians...lol...

 

[Beast]

??? This isn't about the best. This is about total sales reported by the Chinese Passenger Car Association. Read the OP again.

It's absurd to compare with tesla sales. And the purpose of this bloomberg is to try to give impression their tiny EV is trying to compete with Tesla.

A cheap hello kitty bag sell $40 outsold Coach or LV bag. So it must worthy to mention it's sales volume compare to LV or coach, right?

See the stupidity of these article and impression trying to give viewers.

I have seen enough of American lowlife trick. Sad to see a former industry powerhouse reduced to producing cheap article as the only mean to compete with rising and industry powerhouse China.

 

[Hamartia Antidote]

More importantly, this little tiny EV has no GM input, being its motor, its battery or its platform, nothing comes from GM...

LOL! Why is GM even involved then? SAIC could sell it under their own name...you know they have their own car business...like > 5 million a year..it's not like they don't know how to build cars.

 

[Hamartia Antidote]

It's absurd to compare with tesla sales. And the purpose of this bloomberg is to try to give impression their tiny EV is trying to compete with Tesla.

I have seen enough of American lowlife trick. Sad to see a former industry powerhouse reduced to producing cheap article as the only mean to compete with rising and industry powerhouse China.

LOL! The lowlife trick is simply reporting sales numbers by the Chinese Passenger Car Association.

"It may be tough for SAIC-GM-Wuling to maintain its No. 1 position but it can probably at least remain in the top three, according to Cui Dongshu, secretary general of the China Passenger Car Association."

 

[Beast]

LOL! The low life trick is reporting sales numbers by the Chinese Passenger Car Association

What lowlife trick? As if u can really access into China data and know it is manipulating? Who tells u that China report sales are faked? Western media?