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GM BELIEVES CHINA'S GREEN CAR INITIATIVE NEEDS GOVERNMENT SUPPORT

09/18/2017

GM chief executive, Mary Barra, believes that China's push toward green vehicles will need government backing to win over consumers. China is pushing hard to develop its own green car market. Car manufacturers, however, worry that targets for electric and hybrid cars may be tough to meet with government plans to roll back subsidies that have supported the market's growth. GM plans to introduce at least 10 new electric vehicles for the China market by 2020 and open a battery plant this year. China set goals for electric and plug-in hybrid cars to make up at least a fifth of car sales by 2025. For the full story see http://uk.reuters.com/article/uk-gm-china-autos/china-green-car-pivot-wi...