Struggling to stay on high within the progressively competitive Chinese automotive market General Motors and its partners conceive to invest $16 billion over succeeding 5 years to develop ten all-new or upgraded models. The main focus are on supposed “new-energy models,” together with each standard and plug-in hybrids.
Conjointly called SGM, it's a venture of metric weight unit and its largest Chinese partner, Shanghai-based SAIC. Beside many different partners, General Motors has been one in all the most important automotive makers in China for the last 15 years, though it’s recently slipped into second place behind German rival Volkswagen AG.
Source: Autobei
Conjointly called SGM, it's a venture of metric weight unit and its largest Chinese partner, Shanghai-based SAIC. Beside many different partners, General Motors has been one in all the most important automotive makers in China for the last 15 years, though it’s recently slipped into second place behind German rival Volkswagen AG.Source: Autobei
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