-
Amaze Holdings (NYSE: AMZE) Executes Binding LOI to Acquire BullionFX | Alchemy, a Decentralized Gold-Backed Financial Ecosystem for Valued at US$155 Million
-
Vana Completes Expanded Staking as Part of the Vega Upgrade, Publishes Expanded VANA Token Economics
-
Clashes between French teens, police as school blockades intensify
-
Spain to cap gas price hikes, extend fuel discounts
-
Stocks move sideways despite oil moving lower
-
'We just need rain': Germany's Rhine river hits new low
-
African leaders to gather in Egypt for business summit
-
Yemen health system at 'breaking point': WHO
-
UK decides against charging foreign visitors for museums
-
Ireland undecided on second Israel match: coach
-
Dallaglio to sell England World Cup winners' medal
-
France's Le Pen defiant after top ally hit by antisemitism claims
-
Brazil come from behind to beat Australia 4-2 in friendly
-
Tom Cruise trades stunts for satire as toxic tycoon 'Digger'
-
Ruthless An retains Asian Games badminton crown as Kunlavut triumphs
-
MEXC Unveils "WE SEE YOU" Brand Visual Refresh, Putting People Behind Every Trade in Focus
-
Alonso to stay with F1 team Aston Martin in 2027
-
Thai capital cleans up after deadly floods
-
China badminton 'still strong' despite Asian Games slump
-
NATO, EU allies rally to Estonia after 'sabotage' blamed on Russia
-
'Exceptional' Turner painting shown in Rome before sale
-
Families demand justice for Cameroon's 'nightmare' wave of murdered women
-
European stocks climb as oil dips
-
Tebas says Man City should face 'most severe' sanctions if guilty of rule breaches
-
Spain aims to ban evictions until 2030 amid housing protests
-
Pochettino calls Man City success 'a period of deception'
-
Kunlavut first Thai man to win Asian Games badminton singles gold
-
Settler attack on West Bank village injures Israeli forces, drawing rare rebuke
-
French far right says antisemitism claims part of 'total war' to derail presidency bid
-
Mystery over UK airbase scare after reports no explosives found
-
'Gift from God': Rain brings relief from Indonesia toxic haze
-
Spanish govt races to adopt housing law under protest pressure
-
Ex-world snooker champion jailed for 7 years for child sex crimes
-
Estonia slams Russian 'sabotage' after arson attack on defence company
-
French teens clash with police as school blockades intensify
-
Slovenia sees surge in '.si' sites after Trump hypes 'super intelligence'
-
FIFA accuses UEFA of 'misinformation campaign' in bid for World Cup papers
-
'Like a dream' for An as Games organisers 'sorry' for latest mix-up
-
Myanmar airstrike toll hits 50 as families gather dead
-
Tokyo suffers longest streak of rainy days on record
-
STARTRADER Raises Lloyd's of London Client Fund Insurance to USD 30 Million in Aggregate
-
Indonesia charges train driver over crash that killed 16 women
-
North Korean DMZ landmine blasts 'violation of armistice': Seoul
-
الإمارات تعرض في الأمم المتحدة نهجها لخفض التصعيد وبناء الجسور
-
مصر تستهدف زيادة حصة الصادرات السلعية إلى 30% من الناتج المحلي
-
أربع شركات دولية تعرض خططها للتوسع والاستثمار في السوق المصرية
-
العربي الأفريقي الدولي يوسع برامج إعداد القيادات المصرفية
-
مباحثات لجذب مستثمرين صينيين إلى مشروعات صناعية في مصر
-
مجموعة الغندور ترصد 3 مليارات جنيه لتوسعات جديدة حتى 2030
-
شركتان تستهدفان 500 مليون جنيه من عقود التمويل العقاري التشاركي
Cheap mini-EVs sparkle in China's smaller, poorer cities
Tiny electric cars weave through traffic in southern China, their cheap and cheerful designs bringing a touch of colour to the EV revolution in the country's overlooked cities.
China is the world's largest market for electric vehicles (EVs), with premium models by Tesla and homegrown giant BYD a common sight in the nation's affluent megacities.
But in a growing number of less-developed areas, the face of greener transport is the Wuling Hongguang Mini -- a dinky two-door runaround that sells for a fraction of the price.
China's most popular EV to date, it has sold more than 1.2 million units, often to consumers with lower incomes in provincial cities and smaller towns.
"This car is small and convenient, easy to park and charge, and it's cheap -- that's why I chose it," a driver surnamed Cao told AFP as she loaded shopping bags into her vehicle in Liuzhou, in the southern Guangxi region.
"(It is) mainly used for picking up the kids, grocery shopping and work commutes," the 47-year-old said.
Liuzhou, a city of around four million people, is more famous in China for misty mountains and pungent river-snail noodles than advanced technology.
But its locally made mini-EVs are proving a breakout success, and authorities have responded by providing charging stations, discounted parking spots and preferential policies for buyers.
Driver Tang Wenhui said he barely considered the environmental benefits when he and his family paid around 60,000 yuan ($8,300) -- the equivalent of a year's wages -- for a new Wuling a year ago.
"I just wanted something to get me around town... not necessarily to travel long distances," the 23-year-old programmer told AFP.
"As a fresh graduate, it's just made life a bit easier."
- 'Style accessory' -
According to company specifications, the latest Hongguang Mini is around three metres (9.8 feet) long and less than 1.5 metres wide, seats four people and contains a lithium battery that runs for up to 215 kilometres (134 miles) on a single charge.
Prices start at 41,800 yuan ($5,800), but older editions sell for around 30,000 yuan –- an eighth of what Tesla's flagship Model 3 costs.
Wuling is not the only player in the sector, with domestic automakers Dongfeng Motor, Chery and Geely all producing their own miniature EVs.
But Wuling has given itself some staying power by nurturing a devoted community of younger female fans calling themselves "Wuling girls".
The cars embrace cuteness with pastel-pink and lemon-yellow bodywork, with editions named after French pastries and Japanese gaming consoles.
And many buyers spend additional sums to personalise their motors with brightly coloured polka dots, racing stripes and anime cartoons.
Cao's ruby-red car is adorned with a large white decal in the shape of Mickey Mouse alongside smaller stickers of other cartoon characters.
"I feel it's cute," the Liuzhou resident told AFP as she recharged her car near the riverside, adding that her friends had done the same.
Tu Le, founder of consultancy Sino Auto Insights, said the affordability meant "many people in smaller cities tend to treat them less as a vehicle and more as a style accessory".
"That's why it's popular to purchase aftermarket products to decorate them and make them more unique," he said. "But they are still able to provide transportation to their buyers for their daily commute."
- Leading the charge -
China views new-energy vehicles as a critical emerging industry and has ramped up state support as it seeks to make its economy more self-sufficient and based on high-end manufacturing.
The sector is also an important component of Beijing's pledge to bring emissions of planet-warming carbon dioxide to a peak by 2030 and reduce them to net zero by 2060.
The domestic industry hit an inflection point when homegrown giant BYD dethroned Elon Musk's Tesla as the world's top EV seller in the fourth quarter of last year.
But lower-end cars like the Hongguang Mini are "extremely important for the China market", said Tu of Sino Auto Insights.
Online, some prospective buyers voice concern that the cars may not be safe, pointing to their lightweight construction and the lack of airbags and other features in older models.
A lack of charging infrastructure in many smaller cities and long-running struggles by some automakers to make the cars profitable also cloud the sector's future.
Still, Tu said, the cars help to rein in a global trend towards bigger, gas-guzzling cars that make traffic and pollution worse.
And they "create options for those that wouldn't otherwise be able to afford their own transportation", he told AFP.
J.AbuShaban--SF-PST