SAIC-GM-Wuling, one of the leading players in the Chinese mini electric vehicle (EV) market, has recently launched a new model, the Binguo. This EV model offers five versions with starting prices ranging from RMB 59,800 ($8,683) to RMB 83,800, offering Chinese consumers a budget-friendly and eco-friendly option.
Binguo is an A0-class EV that boasts impressive dimensions. It measures 3,950 mm in length, 1,708 mm in width, and 1,580 mm in height, with a wheelbase of 2,560 mm. In comparison, Wuling’s current top-selling Hongguang Mini EV is substantially smaller, with a length, width and height of 2,920 mm, 1,493 mm and 1,621 mm, respectively, and a wheelbase of 1,940 mm. Despite the size difference, the Mini EV has a starting price of RMB 32,800.
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Binguo is available in two powertrain versions, with the standard model featuring a permanent magnet synchronous motor with a maximum power of 30 kW, while the upgraded version offers a maximum power of 50 kW. The car is equipped with lithium iron phosphate battery packs with capacities of 17.9 kWh and 31.9 kWh, respectively, and provides a range of 203 km and 333 km on a single charge.
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The 333 km range model also supports fast charging, which takes only 35 minutes to charge from 30% to 80%. With slow charging, the car can be charged from 20% to 100% in 5.5 hours.
It is worth noting that the Binguo model has been available for pre-order since March 2, and the automaker has already delivered more than 2,700 units. This early success indicates the strong demand for affordable and high-quality electric vehicles in the Chinese market.
SAIC-GM-Wuling is a joint venture between SAIC Group, General Motors, and Liuzhou Wuling Motors, headquartered in Liuzhou, Guangxi Zhuang Autonomous Region, southwest China. The company sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, which includes the Mini EV, KiWi EV, Nano EV, and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also offers fuel-powered SUVs, MPVs, and vans.
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Despite the 15.3% year-on-year decrease in sales of new energy vehicles (NEVs) in China from January to February, SAIC-GM-Wuling remains third in the Chinese NEV market, with a 6.5% market share, behind BYD’s 40.8% and Tesla’s 7.8%, according to the China Passenger Car Association (CPCA). With the introduction of the Binguo, SAIC-GM-Wuling is expected to gain a stronger foothold in the competitive EV market and potentially increase its market share further.
