General Motors (GM) is confident both its joint ventures (JVs) 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. 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, The automaker said it expects the two joint-venture companies – Shanghai Automotive Industry Corporation (SAIC) and Changan Automobile Group Co Ltd (CAG) – to produce more than 1 million NEVs annually from China has stipulated that from 2019, automakers must accumulate credits equivalent to 10% of annual sales from producing and selling NEVs. The threshold is touted to rise to 12% of annual sales in 2020.
General Motors (GM) is confident both its joint ventures (JVs) 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. The automaker said it expects the two joint-venture companies – Shanghai Automotive Industry Corporation (SAIC) and Changan Automobile Group Co Ltd (CAG) – to produce more than 1 million NEVs annually from China has stipulated that from 2019, automakers must accumulate credits equivalent to 10% of annual sales from producing and selling NEVs. The threshold is touted to rise to 12% of annual sales in 2020.