Beijing Auto E150EV to get 120.000 yuan subsidy, but still won’t be cheap

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The upcoming Beijing Auto E150EV will get a 120.000 yuan subsidy from the local Beijing government when it hits the Beijing-area car market later this year. Even then, it will still cost around 100.000 yuan while the patrol-powered E150 starts around 60.000 yuan.The E150EV will eventually also be sold in the rest of China, but how much subsidy it will get elsewhere is unclear.

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Beijing Auto E150EV

The E150EV is based on the Beijing Auto E-series, which again is based on the old NedCar-built Smart ForFour and Mitsubishi Colt. The E150 is powered by a 16kw (no number on torque) electric motor that is made by the Beijing Electric Power Corporation. Top speed is 120km/h, range is 150km, charging takes 6-8 hours.

Well, here we go again. Subsidies from the Beijing government to Beijing Auto which is owned by that very same Beijing government. The result: 100.000 yuan for a 60.000 yuan car that can’t be charged anywhere. Beijing Auto might be able to sell a few E150EV’s to some other government agency’s (with a little pushing…), but private buyers will leave it alone.

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Via: 163.

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