5 Auto Companies that Sold the Most EVs in 2021

2. SAIC Motor Corporation Limited (SSE:600104.SS)

Number of Hedge Fund Holders: N/A

Total Number of EVs Sold in 2021: 609,730 

SAIC Motor Corporation Limited (SSE:600104.SS) is a Chinese electric vehicle manufacturer that produces some of the best budget EVs in the world. One of the best-selling models of the firm is the Hong Guang Mini, a four-seat EV that has a top speed of just 62mph and costs less than $4,500. The company is state-owned and has been registering almost double the amount of EV sales than Tesla in China. It is also expanding into developing markets where the sale of budget EVs is on the rise. 

SAIC Motor Corporation Limited (SSE:600104.SS) trades on Chinese exchanges but represents an exciting entry point into the EV sector. The sales of SAIC Motor Corporation Limited (SSE:600104.SS) EVs could soon tip the sales of Tesla Model 3, the best-selling EV in the world, although their reach outside China is still somewhat limited.