> The Hongguang MINI EV, made by SAIC-GM-Wuling Automobile Co., is currently the hottest EV in China, the world’s biggest automobile market. Sales of the compac

> The Hongguang MINI EV, made by SAIC-GM-Wuling Automobile Co., is currently the hottest EV in China, the world’s biggest automobile market. Sales of the compact four-seater beat industry giant Tesla Inc. in August, with consumers wowed by its tiny price tag -- the EV retails for between 28,800 yuan ($4,230) and 38,800 yuan -- and its ability to run for as many as 170 kilometers (106 miles) on a sin https://www.bloombergquint.com/business/tesla-s-nemesis-in-china-is-a-tiny-5-000-electric-car-from-gm https://www.bloombergquint.com/business/tesla-s-nemesis-in-c... The irony is that while upstart Tesla pursues the path of market incumbent (moving upmarket), incumbent GM pursues the path of upstart by moving downmarket. I don't know how well GM will be able to stay on this path. I suspect that Tesla's current path is risky at best. I also suspect that GM can stay on its downmarket path, and build an unbeatable presence doing it, indefinitely.