Meet The $4,460 EV Some Are Saying Could Dethrone Tesla In China

Read more on this subject: Transportation
News Story Source: https://www.zerohedge.com, by Tyler Durden
At least that was the take from Nikkei, who profiled the Wuling Hong Guang Mini EV and called it a car that was "quickly" winning over drivers in China. The car is marketed as a utilitarian "commuting tool". It measures less than 3 meters long and 1.5 meters wide, yet it can still hold four people (and it's still probably more comfortable than the third row in a Model Y). 

The price starts at 28,800 yuan, or about $4,460. A model with air conditioning sells for $5,000. "If you make a 13,000 yuan down payment, the rest will be interest-free," a salesman told Nikkei. 

While it can't meet Tesla's range or performance, it is convenient and is priced well, making it one of China's best selling new EVs. It has been a win for SAIC Motor, which holds a majority stake in SAIC-GM-Wuling. 

The car is called "the people's commuting tool," and can go 120 km on a full charge, at up to 100 kph. It can be cha
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