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. GM is also planning to expand its EV production line at the Shanghai Automotive Technology Center (SATC), which it opened last year on land leased from China National Petroleum Corp. (CNPC) near Shanghai.
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.