Workers inspect Baojun E100 all-electric battery cars at a final assembly plant operated by General Motors Co and its local joint-venture partners in Liuzhou, General Motors ( GM ) is confident both its joint ventures ( [UNK] ) producing vehicles in China will meet or exceed new energy vehicle ( NEV ) quotas by 2019 , and aim to do so without needing to buy credits , according to GM China chief Matt Tsien . One partnership is with SAIC , the other is a three - way JV between GM , SAIC and GM . China has stipulated that from 2019 , automakers must accumulate credits equivalent to 10 % of annual sales from producing and selling NEVs . The quota is touted to rise to 20 % of annual sales in 2020 .
General Motors ( GM ) is confident both its joint ventures ( [UNK] ) producing vehicles in China will meet or exceed new energy vehicle ( NEV ) quotas by 2019 , and aim to do so without needing to buy credits , according to GM China chief Matt Tsien . One partnership is with SAIC , the other is a three - way JV between GM , SAIC and GM . China has stipulated that from 2019 , automakers must accumulate credits equivalent to 10 % of annual sales from producing and selling NEVs . The quota is touted to rise to 20 % of annual sales in 2020 .