General Motors’ Vision for China

General Motors (GM) has redefined its vision for its operations in China, aiming to become a leader in the rapidly growing Chinese electric vehicle market. The American automaker plans to introduce more than 20 new Electric vehicles in China by 2023, showcasing its commitment to sustainable mobility solutions. GM’s China vision is focused on innovation, technology, and collaboration with local partners to drive growth and success in the market.

With China’s strong support for electric vehicles and clean energy initiatives, GM sees an opportunity to expand its presence and capture a larger share of the market. The company’s focus on electric vehicles aligns with the Chinese government’s goals of reducing emissions and promoting sustainable transportation options.

GM’s China vision reflects its determination to stay at the forefront of the automotive industry and deliver cutting-edge solutions that meet the evolving needs of Chinese consumers. By investing in electric vehicle technology and cultivating partnerships in China, GM is positioning itself for long-term success in the world’s largest automotive market.

Watch the video: GM’s China Vision

Tyler Suiters interviews David Chen of GM China about new vehicles that are being introduced there and what the Chinese government should be doing to encourage electric vehicle use.
Chen displays a car that was co-developed with a Chinese automaker. It was first launched in 2000 as a family car. He say 90 percent of the company’s sales are now for private use, rather than fleets.

He says GM is adept ad tailoring its cars to the Chinese market. He says it adapted the Buick Century to have more rear-seat leg room in China because that model tends to be chauffer-driven, so the buyers tend to be the ones who sit in back. He says the company pays close attention to the market and brings the best technology to compete. It also localizes its supply chains for cost and quality reasons.

He says GM constantly re-analyzes the market as the country matures. He says that presents a great opportunity for the company because even though it sells millions more cars in China than it does in the United States, fewer than 5 percent of Chinese people own a car, while some 80 percent of Americans own one. He says the challenge is sustaining the growth and promoting safety through improving driver behavior.

He says the most noticeable reason for China to move toward Electric cars is energy security. China imports half of its oil and half of that is used for transportation. He says emissions are a large factor, too. He says people feel the country can’t go on with 98 percent of its cars powered by gasoline. He says electricity is easily obtainable in China and it’s more efficiently used in cars than gasoline. He says the Chinese government is offering incentives of more than $8,000 per vehicle to by electric cars, and some local governments match it. He says the government si also investing in infrastructure for as large EV fleet.

He says one good thing about a strong government like China is that it cam mobilize several industries at once to move toward a specific goal. He says the drive toward EV’s in China is strong, but people are also realistic about when they will be on the market and how many will be there, so a 5 percent improvement in EV sales is considered huge. He says it’s important to work toward both im proving the internal combustion engine and developing alternative fuel technologies.

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