General Motors will have a pure electric vehicle on the road in China within two years and eight more will follow by 2020. The automaker is jump starting its efforts to keep pace with the Chinese government’s accelerating demand for EVs.
Matt Tsien, head of GM China, unveiled the plan during a press conference at the Shanghai auto show. He said GM expects annual sales of 150,000 electric and hybrid cars in China by 2020 and possibly in excess of 500,000 by 2025.
“In the next several years, out to 2020, we expect to launch at least 10 new energy vehicles into the marketplace,” said Tsien, using the government’s term for electric and hybrid vehicles. “We have a pipeline that is going to materialize, that’s going to put us in a very good position from a fuel economy requirement perspective.” (more…)