The $4000 Electric Car Dominating China

• By thegreenbunk
• January 23, 2021
• Entrepreneurs
• With 0 comments

American-Chinese joint venture SAIC-GM are taking the Chinese market by storm with their Mini EV, with sales rivalling even the likes of Tesla. But what does it mean for the companies, for China, and for the rest of the world?

There seems to be a distinct barrier around China when it comes to trading – things don’t quite work like they do between the US and, let’s say, the UK. Restrictions are placed on what can be imported as well as exported via its borders. But Chinese motor company SAIC, the name behind the revival of British brand MG, has teamed up with multinational giant General Motors to come up with a mass market electric car.