26 Aug '15, 5am

General Motors Begins Building $470 Million EV Factory In China

General Motors Begins Building $470 Million EV Factory In China

Building on its current momentum within the region, General Motors announced it will be part of a new venture to construct an electrified vehicle factory in China. GM is joining SAIC Motor Corp Ltd and Wuling Motors to build the $470 million plant. A GM representative said the factory will be dedicated to producing only “new energy vehicles,” China’s term for battery electric (BEV) and plug-in hybrid (PHEV) vehicles. Annual capacity is expected to be 200,000 vehicles per year, according to Reuters , and no completion date was released. This new factory expands on a collaboration already in place between GM and SAIC Motors. Last month, GM announced that it is creating a new vehicle family from the ground up, which will replace several existing models. SAIC Motors is working alongside GM to develop the powertrain architecture and engine for this new line. “This new vehicle f...

Full article: http://www.hybridcars.com/general-motors-begins-building-...

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