By Yilei Sun and Brenda Goh
BEIJING, Sept 25 (Reuters) – When 32-year-old photographer Jaco Xu needed a run-around car for work in the eastern city of Hangzhou, the price tag on the latest micro EV from GM’s GM.N China joint venture overcame his qualms about electric vehicles.
Xu paid 38,800 yuan ($5,735) for his tiny two-door Wuling Hong Guang MINI EV, while the basic model retails for just 28,800 yuan ($4,200), making it China’s cheapest EV.
“It feels pretty good. The price is so low and the appearance is simple and beautiful,” said Xu. “Why would I hesitate at that price?”
Launched in July, the Wuling MINI is heading a trend towards a new segment of EVs in China following changes to government subsidies – smaller vehicles with less range between charges, but a super-cheap price tag.
Despite basic features – no safety air bags, optional air-conditioning and