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GM Exec Says Chinese Venture Will Focus on New Battery Car

China will not get access to Chevy Volt technology, insists senior executive.

by on Sep.20, 2011

GM will not provide the Chinese with the technology secrets of the Chevy Volt, a senior official insists.

General Motors’ new joint venture with its Chinese partner SAIC will focus on the development of an all-new battery-electric vehicle, a senior GM official says.

The U.S. automaker will not provide the Chinese with intellectual property for what many see as its crown jewel, the extended-range electric vehicle Chevrolet Volt, insisted Vice Chairman Steve Girsky.  But, during a media conference call hosted from Shanghai, the former Wall Street analyst acknowledged that GM will be sharing significant intellectual property with its Chinese partner.

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The deal, signed today by GM officials and their counterparts at the Shanghai Automotive Industrial Corp., is the latest in a series of partnerships between the two manufacturers.  It will take aim at what some believe could become the fastest-growing segment in the booming Chinese automotive market.


GM to Share Proprietary EV Tech with Chinese

Move raises numerous concerns.

by on Sep.20, 2011

GM Chairman and CEO Dan Akerson with his SAIC counterpart Hu Maoyuan during today's signing ceremony in Shanghai.

Under pressure from the Beijing government,t General Motors has agreed to provide access to its proprietary electric vehicle technology to its lead Chinese partner.

The move is raising numerous concerns, critics contending that China is, for one thing, using unfair pressure to gain access to technologies that will later be used by its own domestic manufacturers to compete with foreign brands like GM.

But the U.S. automotive giant contends the move will help it maintain a lead in the rapid electrification of the industry – especially since China, now the world’s largest automotive market, is making a rapid push into battery power to curb its dependence on foreign oil and reduce its endemic pollution problems.

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“We can accomplish far more by working together than we can by working separately,” said Tim Lee, president of GM International Operations, during a signing ceremony with the maker’s lead Chinese partner, the government-owned Shanghai Automotive Industrial Corp., or SAIC.