SAIC-GM-Wuling has announced price reductions for its all-electric Binguo SUV, making the affordable model even more accessible. The adjustments apply to two of the three variants, leaving the entry-level option unchanged.
The variant with a CLTC range of 401 kilometers now starts at RMB 82,800 ($11,340), marking a reduction of RMB 2,000 or 2.36% from its original price of RMB 84,800. The variant with a 510-kilometer range has undergone a more significant price cut, now starting at RMB 89,800, down RMB 6,000 or 6.26% from RMB 95,800.
This pricing adjustment is noteworthy for positioning an electric vehicle with a 500-kilometer range below the RMB 90,000 threshold, an uncommon move in the market. The Binguo SUV, launched on September 20, 2024, offers three variants, including an entry-level model with a 330-kilometer range, priced at RMB 75,800, which remains unaffected by the latest changes.
The Binguo SUV is equipped with lithium iron phosphate batteries of varying capacities: 31.9 kWh, 37.9 kWh, and 50.6 kWh, depending on the variant. All models feature a permanent magnet synchronous front motor delivering a maximum power of 75 kW and torque of 180 Nm.
SAIC-GM-Wuling’s pricing strategy strengthens the appeal of the Binguo SUV in the highly competitive affordable EV segment. The company’s move aligns with growing consumer demand for cost-effective electric vehicles without compromising range and performance.
