Southern African Renewable and Alternative Energy Association (SAAEA)
  • Home
  • ABOUT US
    • Services
    • Advertise with us....
    • Our Partners
    • Privacy Policy
  • MEMBERS
    • Members
    • Membership Benefits
  • News
  • Tenders
  • Technologies
    • Wind
    • Solar PV
    • Solar CSP
    • Solar Water Heating
    • Hydro
    • Biogas
    • Biomass
    • Waste to Energy
    • Fuel Cells
    • Batteries
  • FUNDING
  • Events Calendar
  • Contact Us

China’s top EV maker stakes its future on a $4,500 mini car

6/8/2021

0 Comments

 
Picture
SAIC-GM-Wuling Automobile Co has sold around 270,000 of Hongguang Mini EVs within nine months, making it the best-selling EV in China.
Hongguang Mini EVs comes in around 20 different base colours, which can be switched up and buyers can customise the interior as well.

Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare-bones EV that starts at just $4,500.

The Hongguang Mini is the brainchild of SAIC-GM-Wuling Automobile Co., a joint venture between SAIC Motor Corp. and Guangxi Automobile Group Co., two state-backed automakers, and U.S. giant General Motors Co.

Based in the city of Liuzhou, known for its limestone mountains and river-snail soup, the company -- which has sold some 270,000 of the cars within nine months, making it the best-selling EV in China -- has even bigger ambitions for the future. It’s aiming for annual sales of 1.2 million vehicles next year, almost equal to the number of EVs churned out by China’s carmakers in 2020 combined.

Advert
Picture
It’s an eyebrow-raising target, but even before the Hongguang Mini, Wuling had a track record for producing winners in a market that’s defining the new era of driving. Set up in 2002, the Chinese-American JV built its business selling microvans: dependable sliding-door workhorses that earned the nickname ‘the bread box car’ in Mandarin, and were China’s top-selling passenger vehicle in 2017. Millions of them ply the country’s roads, used by contractors and delivery drivers alike.

The buyers of those gas-guzzling gray vans are almost exclusively male, which makes Wuling’s pivot to the Hongguang Mini -- which has a top speed of 100 kilometers (62 miles) an hour and 12-inch wheels -- all the more extraordinary. Shortly after its debut last July, the automaker realized the vehicle was gaining a following among young women, a phenomenon it leaned into with an approach that bends conventional wisdom about how cars are sold.

“Our company’s mentality is to produce whatever people need," Wuling’s head of branding and marketing, Zhang Yiqin, said in an interview. “We keep close tabs on our users. The hurdles to electric car adoption can only be cleared when consumers find using them a comfortable thing."

To that end, Zhang has staffed his team with employees who understand the Hongguang Mini’s customer base, which is now around two-thirds female. At 35, he jokes he’s the elder statesman of the group whose age averages around 27. Slogans like ‘Young and Eager’ are splashed across the walls of Wuling’s headquarters in Liuzhou, a city that’s embraced EVs alongside the company with 30% of all car sales electric last year, the highest rate in China, according to WAYS Information Technology.

Read more..........
0 Comments



Leave a Reply.

    Picture
    Picture

    Tender Alerts
    ​

    Tenders available to Gold Members....

    Categories

    All
    Air Conditioning
    Algae
    Alternative Energy
    Battery
    Battery Backup
    Bioenergy
    Biofuel
    Biogas
    Biomass
    Blockchain
    Business Opurtunities
    Carbon Credits
    Carbon Footprint
    Carbon Tax
    Carbon Trading
    Clean Cook Stoves
    Climate Change
    Cogeneration
    Concentrated Solar Power
    Cpv
    Csp
    Demand Side Management
    Desalination
    Distributed Generation
    Electric Vehicles
    Embedded Generation
    Employment
    Employment Wanted
    Energy Efficiency
    Energy Management
    Energy Storage
    Eskom
    Events
    Events And Conferences
    FreedomCor
    FSAAEA
    Fuel Cells
    Funding
    Funding For Renewables
    Funnies
    Gas
    Gas Generation
    Gas To Liquids
    Gas To Power
    Generators
    Green Building
    Green Cities
    Heat Recovery
    Hydrogen
    Hydro Power
    Independant Power Producer
    Integrated Resource Plan
    Inverters
    Ipp
    Irp
    Kinetic Energy
    Landfill Gas
    Led Lighting
    LiFePO4
    Load Shedding
    Member Profiles
    Members
    Member Updates
    Methane
    Microgrid
    Mini Grids
    Miscanthus
    MSAAEA
    Nersa
    Net Metering
    News Africa
    News Global
    News South Africa
    News UK
    News USA
    Nuclear
    Ocean Power
    Our Partners
    Our Social Responsibility
    Pay As You Go Solar
    Power Purchase Agreement
    Power Ship
    Ppa
    Pv Mounting Systems
    Reipppp
    Renewable Energy
    Renewable Energy Events
    Renewable-energy-tax-incentives
    Renewables
    Renewables South Africa
    Risk Management
    Rooftop Pv
    SAAEA
    Shale Gas
    Small Project Ipp
    Solar Aircon
    Solar Farm
    Solar Power
    Solar Pv
    Solar Water Heating
    Solar Water Heating Swh6206859afc
    South Africa
    Specials
    Sustainable Development
    SWH
    Technologies
    Tenders
    Tenders For Renewable Energy
    Tesla
    Thin Film Pv
    Training
    Tyre Depolymerisation
    Tyre Recycling
    Ups
    Waste To Energy
    Water
    Wave Power
    Wind Farm
    Wind Measurement
    Wind Power
    Yingli

    RSS Feed

    See older posts...

    View my profile on LinkedIn
Powered by Create your own unique website with customizable templates.