BYD is said to want to build micro electric cars with SAIC-GM-Wuling

BYD is said to want to build micro electric cars with SAIC-GM-Wuling-micro

Chinese automakers BYD and SAIC-GM-Wuling are reportedly planning to jointly launch electric cars in the reinvigorated microcar segment, CNTechPost quotes Chinese e-car portal EVHui as saying. According to a source close to both companies, the two automakers plan to jointly develop microelectric vehicles for urban mobility. As early as spring 2019, BYD had spoken of wanting to become active in this vehicle class.

The new product range is planned to be completely independent from the Dynasty product range in order to open up the market for affordable electric cars. BYD has already started a new sales channel for this, called e-net, which is also independent of the Dynasty program. BYD has already presented several electric models under the abbreviation e: e1, e2, e3 and S2.

Apart from the e2, which at its best was selling more than 1000 units a month, the e-series is not particularly successful. The e1 small car, for example, was sold less than 5,000 times. It wasn’t always that difficult: Around 2017, micro-electric vehicles still made up a good half of China’s new energy vehicle (NEV) market, which includes pure electric cars as well as plug-in hybrids and hydrogen cars. Since 2018, however, the market for micro electric vehicles has shrunk significantly. By the end of 2019, the market share had fallen to just ten percent.

In the current year, however, the market is developing in the opposite direction again, according to CNTechPost, among other things due to the introduction of new micro-electric vehicles from SAIC-GM-Wuling, Chery New Energy and other manufacturers. SAIC-GM-Wuling, in particular, enjoyed great success with the introduction of the Hongguang MINI EV: The Hongguang MINI EV, the first electric car from the Chinese brand Wuling, which was a joint venture between General Motors, the Chinese car group SAIC Motors and the Chinese company Guangxi Automobile Group, already in the first three weeks after its market launch in the summer, more than 15.sold 000 times. In October alone there are a good 24.000 units sold.

Last but not least, one reason for the success is the extremely low price of the Hongguang MINI EV: depending on the equipment, this varies between 28.800 and 38.800 Chinese yuan, the equivalent of between around 3500 and 4800 euros. With its market success, the Chinese small electric car has even catapulted itself to the top of the NEV sales figures in China. Where previously nobody less than Tesla’s mid-range bestseller Model 3 resided.

Related articles

Please follow and like us:

2 thoughts on “BYD is said to want to build micro electric cars with SAIC-GM-Wuling”

  1. When I read that u.a. GM getting involved through a joint venture makes me sick…10/15 years ago Saab bankrupted where GM could have built something like this, as well as an SUV, a station wagon and a sports car like the Polestar 2 from Volvo/Geely…

    Reply

Leave a Comment