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The minuscule EV taking over China




With the introduction of the Ford Mustang Mach-E, the New Mercedes EQS and our overview on whole life costs for EVs we have ultimately talked a lot about EV’s recently. All while an unfamiliar car maker in China’s southwest has dominated the world’s largest electric car market, to the point they have even outsold Tesla Inc almost every month. With what, exactly? A minuscule and unadorned yet customisable in almost every way EV starting at just $4.5k. The Hongguang Mini has a top speed of 62mph and just 12-inch wheels; however due to the availability of customisation options, almost each one is unique with one customer pimping theirs out to resemble The Catbus from a very popular fantasy film, My Neighbor Totoro. Meanwhile, a father with a 7-year old who is obsessed with Pokemon, had his created to look just like a Pokemon. As larger SUVs become more and more popular in this country, thanks to the additional capacity within the vehicle it’s hard to imagine how a vehicle so tiny could ever succeed. But the beauty of this, almost pocket-sized, EV is that it takes the ‘nippy car’ description to a whole new reality as parking within China’s highly populated cities becomes much a lot less stressful. Although you might not be able to customise your electric fleet to the intricate detail of the Hongguang Mini, you can customise your fleet to make the most optimal savings. Speak to the TCH Leasing team to discover how we can help you.

 
 
 

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Copyright © 2022 TCH Leasing. All Rights Reserved. Registered Office: T.C. Harrison 1960 Limited, Milford House, Mill Street, Bakewell, Derbyshire, DE45 1HH. Registration Number: 648847. VAT Registration Number: 172 5867 36. T. C. Harrison 1960 Limited, Milford House, Mill Street, Bakewell, Derbyshire, DE45 1HH acts as a credit broker in relation to financial products and not a lender. For customers requiring finance, we can introduce you to a small number of carefully selected credit providers who may be able to offer you different finance products to suit your needs, subject to assessment of your personal circumstances. You are not obliged to use these finance products which may have different interest rates and charges. A lender we introduce will typically provide us with a commission for the work that we do, which is agreed in advance and does not vary with the interest rate or the amount financed. Different lenders we work with may pay commission at different rates. We are only able to offer finance products from the providers we work with. T. C. Harrison 1960 Limited is authorised and regulated by the Financial Conduct Authority. FCA Reg. No. 664529.

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