GM and SAIC to Develop, Produce Energy-Efficient and Environmentally Clean Vehicles in China
Monday, October 31, 2005
"General Motors Corp. Chairman and CEO Rick Wagoner and SAIC Motor Corp. Ltd. (SAIC Motor) Chairman Hu Maoyuan signed a Memorandum of Understanding today in Shanghai to explore opportunities for the local application and production of energy-efficient and environmentally clean vehicles in China. The two partners will explore the expansion of the current GM-Allison-SAIC hybrid demo bus program announced last October to a larger bus fleet for Shanghai's mass transportation system in advance of the 2010 World Expo in Shanghai. GM and SAIC will also pursue passenger car hybrid options as well as other clean-energy vehicle applications including hydrogen fuel cell technologies for China's relevant vehicle platforms. The goal is to have available a number of different models designed to meet the different needs of China's consumers. The introduction of locally manufactured vehicles is targeted to be available beginning in 2008." Source: theautochannel.com
posted by Frank @ 10:49 AM,
