General Motors’ China joint venture, SAIC-GM-Wuling (SGMW), has launched an electric hatchback with a price tag starting at 95,800 RMB ($13.2k).

It is expected that the Baojun Yun Duo (Cloud) will compete with BYD’s Dolphin and Volkswagen’s ID.3

SGMW sells vehicles under the Wuling and Baojun brand names.

In 2020, SGMW launched the Wuling Hongguag Mini EV, with a starting price tag of around $10,000.

Automakers have been cutting their prices in China amid intense EV competition, including VW, which slashed its ID.3 to 125,900 RMB (around $17,500) earlier this year.

Tesla announced that later this month it will cut the price of some of its Model Y vehicles (Long Range and Performance), as well as offer insurance subsidies for Model 3 customers.

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The Yun Duo comes with a 100-kW electric drive motor and generates maximum torque of 330 Nm.

It also claims a DC fast-charging time of 30 minutes, taking the vehicle from 30% to 80%.

It will be available in four versions.