CHINA: SAIC and GM to expand collaboration
SAIC Motor Corp (SAIC) and General Motors (GM) have signed a non-binding memorandum of understanding (MoU) "to reinforce their collaboration in certain core areas of their business, including the development of new energy vehicles and the creation of a stronger and more integrated role for their Pan Asia Technical Automotive Center (PATAC) automotive engineering and design joint venture to work on future vehicles and powertrains".
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