General Motors’ tiny new electric car is putting up big numbers in China.
The Wuling Hong Guang Mini EV, a product of a joint venture with its local market partner SAIC, was the country’s most popular EV during the last quarter, ringing up 55,781 sales compared to the second place Tesla Model 3’s 35,283.
But Tesla came out on top at the till.
That’s because the Hong Guang Mini EV, which is less than 10 feet long, can cover 106 miles per charge and has a top speed of 62 mph, costs around $4,400, while the Tesla Model 3 compact premium sedan had starting prices ranging from $37,000 to $41,000 during the quarter..
A GM spokeswoman would not confirm if the microcar, which launched this summer, is profitable, but told the Wall Street Journal, “I can tell you we’re selling…