Oct 7, 2021

Wuling Hongguang Mini EV is an all-electric microcar manufactured by SAIC-GM-Wuling since 2020.

 44%-51% JV with General Motors (NYSE: GM) 50% and SAIC, formerly Shanghai Automotive Industry
Corporation (SSE: 600104)
 Price: at US$4,162, and tops out at US$5,607 for a fully loaded model, making it China's cheapest EV
 Retail deliveries began in China in July 2020, and, as of September 2021, sales since inception totaled
400,000 units (vs. 500,000 for Tesla S3 in 2021
 In China, this car outsells Tesla In January 2021, according to the China Passenger Car Association (CPCA)
 the Hongguang Mini EV topped new energy vehicles sales with 25,778 units, compared to the Tesla Model 3
with 13,843 units sold in China.
 The Mini EV listed as the world's top selling plug-in car in January 2021

- Tesla Fair value: $600 USD (Oct 2021)

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https://www.youtube.com/watch?v=sFSJDSh1jmE
Transportation as a Service (TaaS) refers to the buying of miles, trips, and/or experiences and none of the hassle of
ownership: The buying and financing of vehicles, maintenance, gas, insurance, traffic, actual driving, and sometimes
even finding and paying for storage.