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Electric cars in China

Buick unveils all-electric car in China in $25,000 range

GM-owned brand to supply local car-sharing company with 5,000 vehicles

The Buick Velite 6 has a combined electric driving range of 301 km in the city, General Motors says. (Photo courtesy of Buick)

NEW YORK -- General Motors' Buick launched its first all-electric vehicle in Shanghai on Monday, as it seeks to expand its offering in a crucial market for the American company.

The Velite 6 multiactivity vehicle, a mixture of a wagon and a crossover, is available in three variants at a a price between 203,800 yuan ($30,378) and 223,800 yuan ($33,360), roughly 5% to 13% lower than the $35,000 starting price for the Tesla Model 3.

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