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GM, SAIC agree to develop EVs in China

Tue, 09/20/2011 - 6:23am
Reuters

(Reuters) - General Motors Co and its Chinese partner SAIC Motor Corp signed an agreement on Tuesday to develop and build electric vehicles in the world's largest auto market.

The deal will allow GM and SAIC to eventually offer electric vehicles that qualify for Chinese green subsidies, something GM's Chevrolet Volt plug-in hybrid electric car doesn't qualify for since it is not built in China, GM spokesman Jay Cooney said.

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