Joint Development and Commercialization of Hybrid, Fuel-Cell Vehicles Planned
SHANGHAI, China – General Motors Corp. and Shanghai Automotive Industry Corp. Group signed an agreement today to jointly pursue the development and commercialization of hybrid and fuel-cell vehicles in China. The agreement is the first of its kind between a global and Chinese automaker.
The partners intend to:
Develop local engineering capability for clean-energy vehicles.
Promote the development of a Chinese hydrogen infrastructure.
Contribute to the formulation of relevant regulations and policies by the Chinese government.
Promote general awareness of the future of advanced vehicle technology in China.