General Motors will introduce the Chevrolet Volt plug-in hybrid car in China at the Guangzhou auto show on November 21, with dealers set to take orders for the model shortly.
GM will be the first of the world’s largest automakers to sell a plug-in car in China, with Daimler and Nissan planning to follow in its footsteps. “This will be relatively low-volume,” Kevin Wale, president of GM’s China unit, was quoted as saying by Bloomberg. He declined to give specific details such as pricing ahead of the Guangzhou show. “We’re trying to use this as a statement for technology and the beginning of the path towards electrification,” he added.
EV car sales in China are forecast to exceed those in the U.S. by 2020, as the world’s largest polluter seeks to cut emissions by offering subsidies for green mobility. The Volt, which is sold in the U.S. for $39,995 before a federal tax credit, will complement an all-electric car that GM is developing with Chinese partner SAIC Motor Corporation, Wale said.
Electric cars may account for as much as 7 percent of total auto sales in China by 2020, a June 14 report by Boston Consulting said. It appears Chinese consumers are more receptive to the technology than their U.S. and European counterparts, with more than 90 percent showing interest, the report found.