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The compact car is proving a big hit for state-owned SAIC Motor, China's top automaker. The Hong Guang Mini EV is being built as part of a joint venture with US car giant General Motors (GM). Last month sales of the budget electric car in China were around double those of Tesla, which was questioned this month over safety issues there. While the $4,500 Hong Guang Mini is the most popular model, there is an upgraded one with air conditioning for just over $5,000. The cars are being marketed as "the people's commuting tool". The joint venture partnership, SAIC-GM-Wuling, is known as Wuling loca...

Chip shortage to keep plaguing automakers in coming months Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ Global chip supply shortages are forcing Toyota Motor Corp. and other carmakers to cut back on production at factories around the world. | KYODO Kyodo Feb 8, 2021 Automakers around the world will likely be forced to continue production cutbacks in the coming months until a global semiconductor supply shortage can be resolved, industry experts say. Toyota Motor Co...

Ford Motor Co. has ended its joint venture electric vehicle plans with China's Zotye, a company with financial troubles so severe that it's fighting for survival. The Ford development, first reported late Wednesday by Reuters in Shanghai, does not change the automaker's commitment to producing vehicles for the largest electric vehicle market in the world, spokesman T.R. Reid told the Free Press. "If anything, our intentions are greater and more ambitious today than they were three or four years ago," he said. "We will fulfill them in a different way." The agreements with Zotye (pronounced...