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  1. Electric vehicles market overview

    ... Automobile, a joint venture between U.S.-based General Motors and two local, state-sponsored carmakers, has launched the “people’s” electric vehicle – the base model costs just USD 4,500. The stands in stark contrast to the market’s hottest brand, Tesla, as their cheapest model comes in at USD 25 thousand. As a result, Chinese car buyers snapped up around 900 thousand EVs from the “people’s” auto giant in 1H 2021, and other leading global manufacturers are also trying to tap into the rapidly-growing ...