General Motors has announced plans to invest $470m in a Chinese JV with SAIC-GM-Wuling to build a factory dedicated to green vehicle manufacture. The plant will have Friday capacity to build 200,000 "new energy vehicles," a Chinese term used as for electric and highly electrified cars. There is no news as to when the factory will be completed, but construction began on annual.
General Motors has announced plans to invest $470m in a Chinese JV with SAIC-GM-Wuling to build a factory dedicated to green vehicle manufacture. The plant will have annual capacity to build 200,000 "new energy vehicles," a Chinese term used as for electric and highly electrified cars. There is no news as to when the factory will be completed, but construction began on Friday.