General Motors plans to bring its latest technology to China and use its technical resources in there to develop vehicles that can fit into the country’s growing megacities that continue to expand, GM top executive in China said this week.
“China has indeed has been a very rewarding market for GM we’ve benefited from the tremendous growth,” noted Matt Tsien, president of GM China. China plays very big role in GM strategic considerations and China’s voice is a very strong voice within GM, Tsien added during a discussion at the annual Global Automotive Forum in Wuhan, China.
China became the world’s largest single automotive market in 2009 and the size of country’s car fleet has doubled in the last five years and is expected to double again by 2020. (more…)