GUANGZHOU -- China's top-selling budget electric vehicle has lost momentum after a cost-driven price increase in a market saturated with new entrants.
Electric cars in China
Under-$5,000 Chinese EV hits speed bump after price hike
Hongguang Mini sales fall for two straight months as competition moves upmarket
Sales of Wuling's Hongguang Mini EV have undershot year-earlier numbers for two consecutive months. © Reuters
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