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GM Now Plans to Introduce 20 New Electric Car Models in China by 2023

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【Summary】General Motors is ramping up the launch of electric vehicles in China, the world’s largest market for electric and plug-in-hybrid vehicles. The U.S. automaker announced plans to introduce 10 more new energy vehicles (NEVs) in the China market between 2021 and 2023, in addition to its existing plans to launch 10 EV models between 2016 and 2020.

Eric Walz    Jun 05, 2018 12:36 PM PT
GM Now Plans to Introduce 20 New Electric Car Models in China by 2023

SHANGHAI — General Motors is ramping up the launch of electric vehicles in China, the world's largest market for electric and plug-in-hybrid vehicles. The U.S. automaker announced plans to introduce 10 more new energy vehicles (NEVs) in the China market between 2021 and 2023, in addition to its existing plans to launch 10 EV models between 2016 and 2020.

Matt Tsien, president of GM's China operations, said in Shanghai on Tuesday the U.S. automaker plans to launch 10 heavily electrified vehicle models in China from 2021 through 2023, adding to the 10 it has already planned for 2016 through 2020.

"China plays an essential role in the world's drive towards a zero-emissions future," Tsien told reporters in Shanghai on Tuesday. "Clearly, we have a strategy in place and there is an implementation in place to do that," he added, referring to GM's new-energy vehicles being developed and deployed by its two joint ventures in the China marketplace.

The acceleration of electric car launches by GM comes as strict new energy vehicle production quotas are to take effect in China next year. New Energy Vehicles in China are classified as those which are fully-electric powered or plug-in hybrids.

Last September, China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles. Car companies with annual sales of more than 30,000 vehicles would have to meet a quota of 10 percent being New Energy Vehicles (NEVs), meaning all-electric battery vehicles or plug-in hybrids. That level would rise to 12 percent of sales in 2020.

Originally, Beijing planned for a quota of 8 percent to be introduced in 2018. However global automotive manufacturers wrote to the Chinese authorities in June, saying the quota was "impossible" to achieve and urging a softening of the proposal.

Those quotas, which will be made more stringent over time, have prompted a flurry of electric car deals and new launches of battery-electric and plug-in hybrid models as automakers in China race to ensure they do not fall short.

baojun-e100-electric-vehicles-sit-parked-in-the-parking-lot-of-the-picture-id962329058.jpg

Baojun E100 electric vehicles parked at the SAICGMWuling Automobile Co Baojun

"For GM, driving toward a zero emissions future is more than just about building electric vehicles," said Tsien. "We are committed to driving increased customer usage and acceptance of electric vehicles through no-compromise solutions, and to bringing the future forward to benefit generations to come."

China is attempting to curb its air pollution and close a competitive gap with conventional carmakers by fostering a changeover to electric mobility. It has set a goal for NEVs to make up at least 20 percent of Chinese auto sales by 2025.

In April, China's state planner said it would remove foreign ownership caps for companies making fully electric and plug-in hybrid vehicles in 2018. Prior to the ruling, foreign automakers companies were limited to no more than a 50 percent ownership in any Chinese venture. This required automakers such as GM and Ford to form 50/50 joint ventures with Chinese partners to build cars in the country.

NEV sales surged by 72 percent in 2017, accounting for 580,000 units. This surge pushed the total ownership over 1 million vehicles.

The Cadillac CT6 Plug-In, Buick VELITE 5 extended-range electric vehicle and Baojun E100 electric vehicle are among the models that have already been launched in the Chinese market.

The Shanghai Battery Assembly Plant operated by GM's SAIC-GM joint venture will support GM's expanding electric vehicle portfolio in China.


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