Sunday 1 August 2010

Nation's first electric car sold to individual

Last week little-known carmaker Zotye Auto became the first Chinese company to sell a purely electric car to an individual buyer.
Li Ziqiang, a Hangzhou resident, bought the 5008EV from the Zhejiang-based private manufacturer last Monday after leasing a 2008EV model based on the company's small SUV for six months.
In January this year, Zotye put 100 of its 2008EV model up for lease in Hangzhou to test them in daily use under actual road conditions.
Li paid 2,500 yuan a month to lease the car that would sell for more than 200,000 yuan - far more expensive than its 60,000-yuan petrol-powered cousin made by Zotye.
He said the car only cost him about 100 yuan a month for electricity. He made the decision to buy one after he learned about a government subsidy for new-energy vehicles, said a report of Qianjiang Evening News, a local newspaper in Hangzhou.
Eventually Li paid 108,000 yuan for the car, - not even half of its sticker price - thanks to the central government's subsidy of 60,000 yuan and an allowance offered by the Hangzhou city government.






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