Huawei has just launched a highly luxurious SUV electric vehicle at an astonishing price. The Weltmeister EX5 will be sold in the Chinese market at a price of 110,000 Yuan (i.e. equivalent to US$16,600). The range of the vehicle will be 400km. Another version of EX5, with a range of 600Km, will be sold at 150,000 Yuan (US$22,600). Click here to see more. And the good thing is... it is immediately available! Forget about Tesler model 3 and the upcoming model Y, go for the EX5.
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After a visit to the Tesla Giga-Factory by the founder and CEO of Xiaomi Mr Lui Jun, he later announced that Xiaomi will enter the electric vehicle (EV) market in a big way...... The first item on sale will be a family saloon, with an unbelievable price tag of 39,000 Yuan (i.e. US$5,750). This will no doubt cause a big disruption to the EV market, because present cheapest EV will be a few times more expensive. If you look back into history 8 years ago, Xiaomi stunned the world by entering the mobile phone market with a phone below 1000 Yuan, which was many times cheaper than the cheapest phone at that time. Since then, Xiaomi had completely disrupted the mobile phone market. Let us hope that Xiaomi will do the same thing to the EV market again. Click here to see more.... |
AuthorDr. Norbert Cheung, Archives
October 2020
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