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The Hongguang Mini EV doesn't need government subsidies to turn a profit, its maker says. (Source photo by Yuki Nakao)
SHUHEI YAMADA, Nikkei Asia Tech chief editor
December 20, 2021 11:23 JST
TOKYO -- At 28,800 yuan ($4,500), the Hongguang Mini EV has become a big seller in certain Chinese cities and villages. In Japan, a Nagoya University professor disassembled the electric vehicle to discover what kind of alchemy the manufacturer used to set such a low price.