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Chinese Startup Enters EV Market With 'Ultra-Compact' Car For Commuters

By Brian Spaen

Tesla is the dominant leader in the electric car industry, but that won’t deter new competitors from entering the market. A former designer, Henrik Fisker, is getting a second chance with a newly-designed EV with fast charging times. Another company on the radar is a Chinese startup that will be releasing a hybrid SUV and an ultra-compact car.

CHJ Automotive is the company behind these new vehicles and the compact version is expected to be out in March 2018. There aren’t any images of either EV just yet, but co-founder Kevin Shen told CNBC that it measures at just 2.5 meters long and 1 meter wide (8.2 feet long and 3.2 feet wide). The price is expected to around the $8,000 US mark.

It’s an extremely small vehicle, but the car is intended for the Chinese consumer. Shen explained that commuters use “e-scooters” to get around but there’s a desire to have something better, saying, "In China, there are 340 million people (who) daily commute with e-scooters, but there is a strong demand for them to upgrade to something.”