China’s largest auto concern pledges 100 electric vehicles in five years

China’s largest auto concern pledges 100 electric vehicles in five years

September 29, 2020 0 By autotimesnews

We are talking about cars of SAIC’s own brands, as well as joint models

SAIC, the largest automaker in China, has announced its intention to increase the number of new energy car models to 100 by 2025, Reuters reported. In the PRC, this term refers to both electric vehicles themselves and rechargeable hybrids, as well as cars on hydrogen fuel cells.

At the same time, it is planned to create ten new hydrogen cars, and 20 new rechargeable hybrids.

About 60 models will be produced under SAIC’s own brands, the rest will be produced in joint ventures with foreign concerns. In particular, the Chinese auto giant is partnering with General Motors and Volksewagen. The latter recently announced plans to invest $ 17 billion in the production of electric vehicles in China.

SAIC’s most successful electric vehicle to date is the Hong Guang MINI EV, which is produced under the Wuling brand with GM. Monthly sales of this compact electric car, worth just over $ 4,000, have reached 20,000 units, the company notes.