General Motors Commits To Launch Of 10 New Energy Vehicles In China By 2020

2 years ago by Steven Loveday 15

Cadillac CT 6

Cadillac CT 6

GM President Dan Ammann and GM Executive Vice President and GM China President Matt Tsien announced a five year plan with emphasis on more products and more energy conscious technologies. The company is also focusing on other “value-added” services including financing and insurance, and pushing into the future of personal mobility.

General Motors and Lyft Inc. today announced a long-term strategic alliance to create an integrated network of on-demand autonomous vehicles in the U.S.

General Motors and Lyft Inc. will create an integrated network of on-demand autonomous vehicles.

China is currently GM’s largest market, comprising over a third of the company’s global sales. GM anticipates this to continue increasing 3-5 percent per year.

Tsien Said:

“GM is very well positioned to participate in this growth. We will continue to focus on the segments where the demand is strong and growing. This has been a key to our success from day one.”

At least 10 new “greener” vehicles (some of which will be plug-ins) will come into the mix, including the Cadillac CT6 Plug-in Hybrid Electric Vehicle. About 40 percent of the vehicles that GM releases in China in the next 5 years will be SUVs, MPVs, and the Cadillac luxury vehicles. During that time, the company plans to introduce 10 new models in the Cadillac line.

Ammann explained:

“Our core business of selling great vehicles today is what will fund our investment in tomorrow. The China market is maturing and it will still be a tremendous source of growth for us in both the short term and the long term.”

GM plans to vamp up “value-added” sevices through its SAIC-GMAC partnership. The joint venture is already the biggest auto finance company in China. It is speculated that by the end to the decade 40% of Chinese car buyers will finance. The figure is already at 30%. This should help buyers to more easily afford the new energy vehicles. The partnership will also aid customers in obtaining insurance.

Technology and the future of personal mobility is also a huge push for GM. The company has about 500 connectivity patents. By the end of the year GM will have 12 million vehicles on the road with On-Star, and by 2020, 75% of its global vehicles will be connected.

GM will be investing $500 million in an alliance with Lyft to create an “on-demand” autonomous ride-sharing service in the U.S. The company also launched its own car-sharing program called Maven. It will expand this through a pilot program with Shanghai Jiao Tong University, similar to the one already in place at University of Michigan. Very recently, GM acquired Cruise Automation for $2 billion. The small software company will be integral to GM’s ability to delve deeper into autonomous vehicle technology.

Source: GM

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15 responses to "General Motors Commits To Launch Of 10 New Energy Vehicles In China By 2020"

  1. kdawg says:

    Wow, I was just posting about this the other day, asking why GM hasn’t cranked out a NEV with SAIC in China.

    Good to know work has been going on behind the scenes.

  2. RexxSee says:

    NEVs=hybrids for GM. Really? How many BEVs GM ?

    1. sven says:

      Correction, that would be “NEVs=plug-in hybrids for GM.” But speaking of hybrids, how’s your Prius running these days?

      My car = Prius hybrid for RexxSee

  3. Get Real says:

    Now if we could just get them to launch more PEVs here in the USA.

    With their excellent Voltec technology they could own the market for PHEV SUVs and mid-size sedans.

    Alas, GM won’t do this anytime soon because that would cannibalize their lucrative ICE sales.

    I guess we have to rely on Tesla to force these laggard OEMs to compete or die.

    1. kdawg says:

      Keep in mind, GM has sold more plug-ins in the US than Telsa (or anyone else for that matter).

      1. Rick Danger says:

        When you consider the average Tesla costs 2-3x what GM’s plug-ins cost, they have nothing to brag about.
        Keep in mind, GM thought the ELR would be a “Tesla Fighter”
        Humor like that is hard to come by. 😀

        1. Kdawg says:

          We don’t need expensive plug-ins. We need ones everyone can afford.

    2. Spider-Dan says:

      At its release, the Gen1 Volt was the most-awarded American car ever made. The Gen2 improved on it in nearly every way, along with a hefty price cut. The sales just don’t match the quality of the product. What else can GM do?

      It’s not GM’s fault that conservatives picked the Volt (and not, say, the Model S) as the source of everything wrong with government.

      1. Nelson says:

        Its was payback…GM was being punished for the way they handled their bankruptcy. All common stock holders were massacred. Retired GM employees who relied on that stock for retirement funds were shown no consideration. That kind of bad blood doesn’t go away easily. One would think they could have at least given 1 share of new GM for every 1000 shares of old GM.

        NPNS! SBF!
        Volt#671

        1. Spider-Dan says:

          Sorry, I don’t buy that logic.

          Silverado/Tahoe/Suburban are selling just fine, and GM was #1 in U.S. auto sales for 2015. Where is the stockholder outrage there?

      2. Speculawyer says:

        I’m still angry that the VOlt is not selling much better.

        But I haven’t bought one so maybe I’m part of the problem. But my excuse is that I’m a pure EV guy, I don’t want the ICe. And maybe that is a bigger problem that I realize . . . the Model 3 numbers may be evidence for that theory.

        The other issue is that lots of people say the Volt is just too small. Personally I’m fine with its size.

  4. Get Real says:

    Still no excuse for SQUANDERING their lead in PHEV technology by not getting into other segments besides compact cars.

  5. Speculawyer says:

    The Buick Bolt! Launch it stat!

  6. Paul Allsop says:

    GM needs to make the Impala 4 door an all electric to compete with Tesla. And soon!