GM's electric car sales will meet quotas by 2019, says China chief


China has set stringent production quotas for NEVs which automakers must meet by 2019, a move that is prompting 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.

GM produces vehicles in China through a joint venture with SAIC, the country’s largest automaker, as well as a three-way tie-up with SAIC and Guangxi Automobile Group, formerly known as Wuling Motors.

Tsien, GM’s China chief since 2014, said both SAIC-GM Corp and the three-way tie-up “are working to at least meet, if not exceed, those credit mandate requirements”.
 
Fuente: Reuters