General Motors isn’t messing around with its plans
to launch a fleet of electric vehicles in China in the next five years. On
Tuesday, GM’s head of Chinese operations, Matt Tsien, revealed that the company
is in the process of launching 10 new-energy vehicles in the country between
2016 and 2020. A further 10 electrified vehicles will hit the market between
2021 and 2023, Reuters reports.
GM’s plan comes in response to strict new energy
vehicle production quotas being introduced in China. In April, the country
revealed that it will remove foreign ownership caps for companies producing
electric and plug-in hybrid vehicles in 2018, makers of commercial vehicles in
2020, and the rest of the car market by 2022.
According to Tsien, despite these new regulations,
the General will introduce the 20 EVs in the coming years through its existing
joint ventures.
