GM speeds into green vehicles
By Jin Jing |
April 13, 2010, Tuesday
|
Print Edition
Print Edition
GENERAL Motors said it plans to nearly double its product offerings in China to 25 new and upgraded models using fuel-efficient technologies in the next two years.
The United States car maker's move underscores its strategy to boost sales in China, the world's largest auto market, and also to establish itself as a strong proponent of green vehicles after it emerged from bankruptcy last year.
GM sold 1.83 million units last year - an annual growth of 67 percent. It is targeting sales of 2 million units this year.
"That means we would beat our sales target four years ahead of schedule," said Kevin Wale, president and managing director of General Motors China Group, adding it intends to secure its leading position in China.
GM said that by 2011 it will have cars equipped with a small-capacity engine with turbo charger and advanced transmission that would save fuel use by 7 to 9 percent as well as cars boasting electric power steering, start-stop systems and hybrid systems that would improve fuel efficiency by another 5 to 15 percent.
Sales of GM's first electric car, Chevrolet Volt, which could run 60 kilometers powered by electricity from a battery, will start next year in China. Over the past five years, the average fuel economy of GM's locally-made sedans in China has risen by 20 percent, Wale said.
The United States car maker's move underscores its strategy to boost sales in China, the world's largest auto market, and also to establish itself as a strong proponent of green vehicles after it emerged from bankruptcy last year.
GM sold 1.83 million units last year - an annual growth of 67 percent. It is targeting sales of 2 million units this year.
"That means we would beat our sales target four years ahead of schedule," said Kevin Wale, president and managing director of General Motors China Group, adding it intends to secure its leading position in China.
GM said that by 2011 it will have cars equipped with a small-capacity engine with turbo charger and advanced transmission that would save fuel use by 7 to 9 percent as well as cars boasting electric power steering, start-stop systems and hybrid systems that would improve fuel efficiency by another 5 to 15 percent.
Sales of GM's first electric car, Chevrolet Volt, which could run 60 kilometers powered by electricity from a battery, will start next year in China. Over the past five years, the average fuel economy of GM's locally-made sedans in China has risen by 20 percent, Wale said.
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