GM-partnered SAIC Outsells Tesla and Nio In China With its $4,500 Mini EV
Tesla Inc (NASDAQ: TSLA ), along with other EV players such as Nio Inc. - ADR (NYSE: NIO ), XPeng Inc. - ADR (NYSE: XPEV ) and the Warren Buffett-backed BYD Co. Ltd. (OTC: BYDDF ), are considered serious competitors in the electric vehicle race in the lucrative Chinese market. Surprisingly, the top spot for the best-selling EV model in China does not go to any of these companies, but the SAIC-GM-Wuling Automobile Co. What Happened: SAIC-GM-Wuling Automobile Co. is a tripartite partnership of two Chinese state-owned automakers, SAIC and Guangxi Automobile Group, and U.S.-based General Motors Company (NYSE: Full story available on Benzinga.com
GM-partnered SAIC Outsells Tesla and Nio In China With its $4,500 Mini EV
Tesla Inc (NASDAQ: TSLA ), along with other EV players such as Nio Inc. - ADR (NYSE: NIO ), XPeng Inc. - ADR (NYSE: XPEV ) and the Warren Buffett-backed BYD Co. Ltd. (OTC: BYDDF ), are considered serious competitors in the electric vehicle race in the lucrative Chinese market. Surprisingly, the top spot for the best-selling EV model in China does not go to any of these companies, but the SAIC-GM-Wuling Automobile Co. What Happened: SAIC-GM-Wuling Automobile Co. is a tripartite partnership of two Chinese state-owned automakers, SAIC and Guangxi Automobile Group, and U.S.-based General Motors Company (NYSE: Full story available on Benzinga.com