GM, SAIC agree to develop EVs in China

Newswire

* No timetable for first GM-SAIC electric vehicle * Both partners making equal investments in project * China aims for 1 mln green vehicles by 2020 By Ben Klayman Sept 20 (Reuters) - General Motors Co and its Chinese partner SAIC Motor Corp signed an agreement on Tuesday to develop and build electric vehicles in the world's largest auto market. The deal will allow GM and SAIC to eventually offer electric vehicles that qualify for Chinese green subsidies, something GM's Chevrolet ...

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