BAOJUN ELECTRIC VEHICLES
The GM/SAIC/WULING joint venture, in which GM has a 43% shareholding founded the sub-brand in 2010 to compete in the budget sector with Geely and Chery. Baojun, which means “Treasured Horse” in Chinese is headquartered in Liuzhou, Guangxi Province. The GM/SAIC/Wuling partnership committed to investing $470M in a 200,000 new energy vehicle only plant. The Baojun electric vehicles plant is anticipated to be completed in 2017 and likely to be in Liuzhou and gives a clear indication what the JV’s strategy is for the company.
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In this week’s blog series on introducing Chinese electric car brands, we look at Thunder Power Holdings ( #ThunderPower ).
In this week’s blog series on introducing Chinese electric car brands, we look at Guangzhou Automobile Group (#GAC Motors).
VW and JAC create electric vehicle joint venture for China over a 25 year period, with the first mass market electric vehicle expected in 2018.