A few days ago, some Chinese netizens posted photos on social media showing a US-registered Wuling Hongguang MINI EV on the streets of Utah. This is a rare occurrence for the world’s best-selling electric car model from the SAIC-GM-Wuling joint venture to appear in the United States, a market that many Chinese automotive giants aspire to conquer.
There has been much discussion about the selling price of the Wuling Hongguang MINI EV in the US, which is 2 to 2.5 times higher than the price in China. However, the figure revealed by SAIC-GM-Wuling representative has shocked many people, raising concerns about the future of the Wuling Hongguang MINI EV line in the United States.
Specifically, regarding this issue, Chu Lu, Deputy General Manager of the Brand Department of SAIC-GM-Wuling, said that the selling price of the Wuling Hongguang MINI EV is approximately over $40,000, which is about 280,000 RMB or 915 million VND.
It is worth noting that the final landing price of the exported car includes related taxes, transportation fees, local licensing fees, etc. However, this time, Chu Le announced a price for the Wuling Hongguang MINI EV in the US that is 7 times higher than the domestic price.
Many Chinese newspapers have also compared the price of the Wuling Hongguang MINI EV in the US to the nearest market where this model was launched, which is Vietnam. In Vietnam, there are a total of 4 models with prices ranging from 239 million VND to 282 million VND, which is equivalent to 73,300 to 85,600 CNY, 4 times cheaper than the prices in the US.
Hyundai Santa Fe 2024 Spotted Testing on the Streets
Despite the Korean media revealing the global launch date of the fifth-generation Santa Fe as August 10th, Hyundai is still continuing to develop specific car models for each market.
Dealer Urges VinFast to Consider Launching VF 3 in the US
According to Automotive News, VinFast is considering launching the VF 3 – the smallest model in its product range – in the US market.
