GM China president says first EV will be rolled out within two years
General Motors will begin mass production of an electric car in China within two years, according to the president of its Chinese business, Matt Tsien. The US-headquartered automaker plans to roll out 10 electric and hybrid vehicles in China by 2020, Tsien told reporters at the Shanghai auto show.
Most notably, the Chevy Volt hybrid will be sold in China as the Buick Velite 5.
GM expects to sell 150,000 electric and hybrid vehicles in China by 2020 and perhaps as many as 500,000-plus by 2025. All of the vehicles sold there will be made in China.
China is easing the amount of automakers’ intellectual property that must be transferred to domestic partners to avoid import duties, even if the cars are made in China, but the government is easing that rule.
GM has built a plant for assembling batteries in Shanghai, which is expected to be ready to deliver batteries in 2018.