BEIJING, China – State-owned Chinese automaker SAIC Motor is reportedly massively outselling Tesla in the country with its electric vehicles that sell for just 28,800 yuan ($4,465).

SAIC Motor sold 25,778 Hong Guang Minis in China in January, compared to 13,843 sales of Tesla’s Model 3, the BBC reported, citing data from the China Passenger Car Association.

China, which is the world’s largest car market and accounts for more than a fifth of Tesla’s revenue, is ramping up its efforts to boost electric vehicle sales as it tackles the country’s pollution problem.

The four-seat Hong Guang Mini, which has top speeds of 62 mph and an estimated cruising range of 120 miles, is being made as a joint venture between SAIC Motor, Liuzhou Wuling Motors, and General Motors.

To read more, click on https://www.businessinsider.com/tesla-model-3-saic-motor-hong-guang-electric-vehicle-china-2021-2