The Wuling Hongguang Mini EV is an especially low-cost electrical metropolis automotive from the SGMW (SAIC-GM-Wuling) three way partnership that quickly grew to become viral in China in 2021. These days, it’s nonetheless one of many bestselling automobiles in China. It appears to be like just like the Mini EV will quickly face a brand new peak as a result of its price ticket was slashed from 32,800 RMB (4,730 USD) to only 19,800 RMB (2,850 USD), due to the battery subscription. What does this subscription truly imply? Let’s discover out collectively.
Reality file: Wuling Hongguang Mini EV
However first, let’s briefly element some information concerning the Mini EV. As talked about, it’s an electrical metropolis automotive made by SGWM. Its dimensions are 2920/1493/1621 mm with a wheelbase of 1940 mm. It has a cute and easy blocky design, two doorways, and 4 seats. Concerning the powertrain, the Mini EV has a single electrical motor on the rear axle for 27 hp and 85 Nm. Its battery pack has 4 choices: LFP for 9.3 kWh and 120 km of NEDC vary; NMC (ternary) for 9 kWh and 120 km of vary; LFP for 13.9 kWh and 170 km of vary; NMC for 13.8 kWh and 170 km of vary. Its value vary is about 32,800 – 52,800 (4,730 – 7,615 USD).
Price mentioning that the Mini EV has a costlier Gameboy model with aggressive styling. Furthermore, it’s larger than the usual mannequin. Its dimensions are 3061/1520/1659 mm with a wheelbase of 2010 mm. It additionally has a extra highly effective electrical motor for 41 horses and 110 Nm. After all, it’s geared up with larger batteries: LFP for 17.3 kWh and 200 km of CLTC vary; LFP for 26.5 kWh and 300 km vary. Its value vary is 55,800 – 72,800 RMB (8,050 – 10,500 USD).
Wuling Hongguang Mini EV’s value slashed
As talked about, the Wuling Hongguang Mini EV’s value was seemingly slashed due to the battery subscription service. Principally, this subscription is a fixed-sum mortgage for 60 months. This program helps 5 trim ranges, together with the entry-level model and a comparatively costly Gameboy 300km model.
The entry-level Mini EV with battery included prices 32,800 RMB (4,730 USD). As for the automotive with out a battery, it’s 19,800 RMB (2,850 USD). After the acquisition, a buyer can pay a hard and fast sum of 198 RMB (29 USD) for 60 months. Apparently, after 5 years with a service, it can save you as much as 1,980 RMB (286 USD). As for the Gameboy 300km model, you should purchase it with out a battery for 33,800 RMB (4,875 USD) with a month-to-month fee of 558 RMB (80 USD).
Editor’s remark
The Mini EV is among the bestselling automobiles in China. Nonetheless, since 2021, many opponents to this EV have hit the market, together with Chery QQ Ice Cream. So its gross sales began to say no. For instance, in April 2023, solely 18,086 automobiles have been offered. Plainly this battery mortgage service will assist Wuling enhance the Mini EV’s gross sales.
Supply: Autohome
