At the Beijing Auto Show, GM CEO Rick Wagoner announced plans to bring the Volt to market in China, as automakers are in increasing competition to grab market share of the rapidly growing Chinese auto market.
On the sideline of the show Wagoner told reporters:
"At this point the focus for us 100 percent is getting the Volt produced in the U.S.,"
"So far, so good, but it’s going to be right down to the wire to meet the production deadline we’ve set."
He also said GM was moving closer to picking one of the two lithium-ion battery pack-making teams (CPI/LG vs Conti/A123), but indicated the production contract could be given to one side, while a development contract is maintained with the other.
GM representatives also apparently said China would be next to get the Volt after the North American market of U.S. and Canada.
Wagoner encouraged China to move away from oil and towards hydrogen derived from nuclear power. Last years’ Beijing auto show was indeed the location where the fuel-cell E-Flex variant, now considered on a production track, was unveiled.
Wagoner also acknowledged how financially important the China market was for GM, saying " it could be huge," and "the company that gets China right is going to be the dominant player for the next 25 years."
He also notes the economy of scale benefit for the Volt via China, "the sales volume for E-Flex in China could be a huge factor over time for reducing cost’"
Source (Reuters )
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