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China’s best-selling budget electric car that is built under a joint venture involving General Motors Company (NYSE: GM) outshone the combined delivery numbers of the “big three” homegrown players Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV) and Li Auto Inc (NASDAQ: LI) in November. What Happened: The Hongguang Mini EV built by Wuling — a partnership between China’s state-owned SAIC Motor and GM — sold 45,576 units in November, a jump of 22.1% from a year ago, and a decline of 4.7% sequentially, as per a cnEVpost report.
...read full article on Benzinga
