General Motors plans to release 20 models of electric cars by 2023

General Motors plans to release 20 models of electric cars by 2023

June 18, 2018 0 By autotimesnews

Matt Tsien, the head of the Chinese division of GM, talked about the company’s plans for the electric car market. They are planned to be issued in stages, and do not hesitate with production.

According to Mr. Tsien, the first ten models will be issued between 2018 and 2020. The next ten in the Chinese market will appear until 2023. He also added that the company operates according to the developed strategy and has the necessary finances.

Relatively recently, the Chinese authorities have tightened environmental standards for automakers. Concerns are forced to adjust to them, and, consequently, to translate the production of cars to a new level. In addition, for foreign companies that produce cars on Chinese facilities, in April increased the tax on the production of hybrids and fully electric cars.

But despite these restrictions, General Motors is still interested in further cooperation with China. And at joint ventures they will continue work on electric cars.

It should be noted that last year GM launched the Baojun E100 – one of the first electric vehicles developed within the company’s plan. The cost of an environmentally friendly car is $ 5,300. It is equipped with an electric motor generating 39 hp. On one charge the car can drive 155 km. From the basic equipment, the model received anti-lock brakes, power steering, pedestrian tracking system and much more.

GMC recently introduced the Yukon SUV in the Graphite Edition. In the top version, the car develops 420 hp.