Mexican Media Brands
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
Share
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
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
Frito-Lay, Transportation and the Environment
Addressing greenhouse gas reduction in the snack food supply chain