GM’s China venture launches compact and affordable convertible EV Cabrio
- SAIC-GM-Wuling will sell the car for 40,000 yuan (US$5,940), while a long-range version will sport a price tag of 60,000 yuan
- Low-priced pure electric cars with a driving range of about 300 kilometres could attract millions, analyst says
General Motors will start selling a highly anticipated two-seater compact electric vehicle (EV) on September 1, launching its second model after last year’s wildly successful bestseller Hongguang to capture the lower end of the world’s largest market for EVs.
The basic edition of the Cabrio, a two-seater convertible made in partnership with China’s SAIC Motor and Wuling Motors, with a driving range of 200 kilometres will be sold for 40,000 yuan (US$5,940), according to local media reports. A long-range version with a range of 300 kilometres will sport a price tag of 60,000 yuan.
“Low-priced pure electric cars with a driving range of about 300 kilometres could attract millions of urban residents,” said Gao Shen, an independent analyst in Shanghai. “Most young drivers will opt for a small EV with a modern design.”