The name of the Tesla company has been important in the electric car market for years. The largest market for EV cars of the American company Tesla is in America and after that the second largest market is in China. But, now another big company has stood up against Tesla’s expensive new energy cars. This company has launched a car in the market worth nine times less than the EV car priced at Rs 28.5 lakh of Tesla. The company also claims that its car is not a poor quality or very low speed car (which is a shame to call it a car).
China’s largest state-controlled automobile company SAIC has set up the Hong Guang mini electric car market in China in a joint venture with US major carmaker General Motors. This small EV has taken a big lead in the electric vehicle market, ending the dominance of Tesla.
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What is the cost of this EV?
There are two models of Hong Guang Mini in the market. Out of these, the price of low end model is only around 3.25 lakhs, while the high end model costs a little more than 3.6 lakhs. This clearly means that the market for Tesla’s expensive cars is in turmoil. Last month’s figures are showing that this budget mini car has sold almost twice as many cars as Tesla.
Hong Guang Mini overtakes Tesla’s EV sales in China.
Is this a compromise on car quality?
According to car experts, the Hong Guang Mini budget EV clearly lags behind Tesla’s Model 3 cars when it comes to battery, range and performance. But due to its very low price and convenience, it has become a rage in the market. Now let us tell you about the features of this car that was launched last year only.
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What are the special features of the car?
* The maximum speed of the basic model is 100km/h.
* Four people can sit in this car with great difficulty.
* If its length is more than 9 feet, then the width is about 5 feet.
* This car of about 665 kg has 4 seats and 3 doors.
* There is a power drive system and electric as well as fuel option is available.
Compare with Model 3?
In January 2021, 25,778 Mini EV cars were sold in China, while Tesla’s Model 3 cars sold 13,843. Till this time last year, Tesla was the number one EV car seller in China. Hong Guang Mini EV sold 112,000 cars in the last six months of 2020 and with this figure it was behind Tesla, but figures for January this year show that Mini has overtaken.
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It is also being said that after domination in China, Hong Guang Mini has come to number two in the electric car market worldwide after Model 3 and the Chinese company is now gearing up to sell it abroad as well. It is being said that a Latvian company can sell this Chinese car in Europe. Also, the price of this car for Europe could be double the current price in China.
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Orignally published at Tailored Stash
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