General Motors has opened a factory in Shanghai to assemble batteries for their growing EV production in China. The factory, which is operated by the joint venture partners SAIC-GM is the second of its kind set up by GM.
General Motors plans to take a large market segment of the emerging Chinese market, as is the case with many leading auto manufacturers. The local production by external manufacturers, including battery manufacturing, is picking up quickly. Prominent examples include Tesla, for example. The Californian company announced their intentions to build another Gigafactory in Shanghai, where battery production and vehicle assembly would take place side by side.
Back to GM, however; The US American company is planning to offer ten different BEV and PHEV vehicle models for the Chinese market by 2020. By 2023, the plan to double that number. “We will continue to grow our electric vehicle portfolio in China with diverse solutions that encompass various electric ranges and body styles,” Matt Tsien, president of GM China, said in an interview.
Furthermore, the US car manufacturer plans to offer electrified versions of all their models subsidiary brands market by 2025, including Buick, Cadillac and Chevrolet. Cadillac, Buick and Baojun, which also belongs to GM, are already currently present on the Chinese market, and the company will add fresh vehicles soon: at the Beijing Motor Show, Buick presented an electric SUV concept named Enspire and the Velite 6, which is a PHEV. The latter will be offered on the Chinese market this year still, before being followed by a BEV version at a later date. Currently the Velite 5 with a range extender, the Regal Hybrid and the LaCrosse Hybrid are available.
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