GM Investment In Electric Vehicles 2022 

By ARCHIT            OCT  19, 2022

With a new low-cost EV, GM hopes to catch Tesla in China.

As General Motors tries to catch up to Tesla, it has formed a joint venture with Chinese automakers SAIC and Wuling Automobile.

In a Shanghai showroom with coffee, cake, and flower shops, salespeople pitch the Hongguang Mini EV.

According to staff, "there is no quality worry because SAIC Motor and GM have invested" in the vehicle.

The Hongguang outsold Tesla's Model Y in China in 2021, selling 420,000 units.

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