SAIC AND GM SIGN AGREEMENT FOR ELECTRIC VEHICLE DEVELOPMENT

15 Июн 2014 | Author: | Комментарии к записи SAIC AND GM SIGN AGREEMENT FOR ELECTRIC VEHICLE DEVELOPMENT отключены
SAIC Roewe E50 Electric Cars

SAIC AND GM SIGN AGREEMENT FOR VEHICLE DEVELOPMENT

Shanghai – Motor Corp. Ltd. Chairman Hu Maoyuan and General Co. (GM) Chairman and CEO Dan Akerson an agreement today in Shanghai for the of a new electric vehicle architecture in

The Pan Asia Technical Automotive (PATAC) – SAIC and GM’s and design joint venture in – will serve as the development for the architecture. Joint teams the parent companies will cooperate on the development of key components and structures.

The agreement will SAIC’s market knowledge and expertise along with expertise in electric vehicle and global know-how. It will local input in the development of vehicle technology and the delivery of developed in China.

“The co-development of this new vehicle architecture demonstrates the range of benefits made by the strong partnership between and GM,” said Tim Lee, of GM International Operations. “For 15 years, our two companies have some of the industry’s most joint ventures. This level of cooperation is another of our companies’ commitment to work

According to Chen Hong, of SAIC Motor, “Our will enable SAIC and GM to advantage of economies of scale and get new to the market faster than by it alone. It will help about our goal of leading the industry in new energy vehicles and our of sustainable transportation, which we at World Expo 2010

The electric vehicle architecture be the first to be co-developed by the two companies. Shanghai GM joint venture the Sail electric concept late last year. PATAC as the engineering lead for the vehicle architecture demonstrates not the strength of the GM-SAIC partnership, but the confidence and trust the companies in one another to accomplish an aggressive and project.

Under the agreement, teams of GM and PATAC engineers will together to develop key components, as as vehicle structures and architectures. resulting from the partnership be sold in China under GM and SAIC brands. SAIC and GM also use the architecture to build vehicles around the globe for own purposes.

Product details and will be announced at a later

Accelerating the introduction of roadworthy such as this future vehicle architecture is more than ever, following the of a number of more stringent and fuel consumption regulations the world, including China.

agreement is a follow-up to the non-binding of understanding (MoU) on strategic signed by SAIC and GM on Nov. 3, The two automakers had pledged to reinforce collaboration in certain core of their business, including the of new energy vehicles and the creation of a and more integrated role for to work on future vehicles and

SAIC Roewe E50 Electric Cars

GM and SAIC are making an equal in the project.

SAIC and GM are partners in 10 ventures in China, which are in vehicle and powertrain manufacturing, and aftersales, automotive engineering and automotive finance and telematics, and the of used vehicles. The companies’ joint ventures, Shanghai GM and are market leaders in China. In SAIC and GM operate a joint in India and SAIC is an investor in GM Co.


About General Motors: Motors, one of the world’s largest traces its roots back to With its global headquarters in GM employs 208,000 people in major region of the world and business in more than 120 GM and its strategic partners produce and trucks in 30 countries, and sell and these vehicles through the brands: Baojun, Buick, Chevrolet, GMC, Daewoo, Isuzu, Jiefang, Opel, and Wuling. GM’s largest market is China, followed by the States, Brazil, the United Germany, Canada and Italy.

GM’s OnStar subsidiary is the leader in vehicle safety, and information services. More on the new General Motors can be found at .

About SAIC : SAIC Corp. Ltd. (SAIC) is the vehicle manufacturer listed on A-share market. In 2010, it 3.58 million vehicles, the leader among major groups in China.

It is primarily in manufacturing, sales, development and in passenger vehicles, commercial and automotive parts and components. It is engaged in automotive trade and services. SAIC operates vehicle manufacturing joint including Shanghai Volkswagen, GM, Shanghai Sunwin, SAIC-GM-Wuling, IVECO and SAIC-IVECO Hongyan.

Its wholly owned brands Roewe, MG and MAXUS Datong. Expo 2010, SAIC more than 1,000 electric vehicles, battery vehicles, fuel cell and other advanced technology contributing to an environmentally friendly and global event.

SAIC Roewe E50 Electric Cars

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