GM Expects to Meet China’s EV Sales Quotas Without Aid
General Motors Co. says it expect to meet China’s sales quotas for electrified vehicles by 2019 without being forced to buy credits from other EV makers.
#hybrid
General Motors Co. says it expect to meet China’s sales quotas for electrified vehicles by 2019 without being forced to buy credits from other EV makers.
Matt Tsien, who heads GM China, tells reporters the company’s joint ventures with SAIC, FAW and Guangxi Automobile Group (formerly Wuling Motors) are gearing up to produce enough all-electric and plug-in hybrid models to meet the new government-mandated sales targets.
The quotas dictate that so-called new-energy vehicles account for at least 10% of a carmaker’s sales in China by 2019. The target rises to 12% of sales in 2020. Companies unable to reach the goals directly may buy credits from other carmakers that surpass the objectives.
Tsien notes that GM introduced its first all-electric model in China, the Baojun E100, in July.
RELATED CONTENT
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.
-
Will Alcraft Take Off?
“British electric vehicle start-up Alcraft Motor Company has revealed details of its first car, the high-performance Alcraft GT.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.