GM Set to Release 20 New Electric Vehicles in China by 2023
The electrification of the automotive industry is currently in full swing. Each year, automakers introduce new EVs and hybrids to the American automotive market.
Still, there is one market where electrification has caught on more than anywhere else in the world: China. Indeed, General Motors recently announced that it would release 20 heavily electrified vehicles in China by the end of 2023.
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Previously, GM had already committed to introducing 10 such vehicles to China by 2020. Now, that number is set to double sometime during 2023.
This investment in Chinese EVs will not just cater to consumer tastes, but also meet some of the world’s most stringent energy production quotas. Early next year, the Chinese government will introduce a new wave of energy guidelines to help reduce pollution caused by transportation.
These guidelines will only become even more strict over time. In response, GM and other automakers have raced to develop an extended lineup of EVs.
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In order to develop this fleet of EVs, GM will be continue its joint ventures with several local Chinese automakers. Some such ventures include SAIC General Motors Co., Ltd. and Pan Asia Technical Automotive Center Co., Ltd. These established partnerships will give GM a leg up on the competition.
“Clearly, we have a strategy in place and there is an implementation in place to do that,” explains Matt Tsien, head of GM’s China operations.
With electric models like the Buick Velite 6 already finding success in China, new models in the same eco-friendly segment should provide GM with an advantage in the world’s largest automotive market.
News Source: Automotive News (subscription required)