General Motors opened a new lithium-ion battery assembly plant in Shanghai as the US carmaker looks to aggressively expand its new-energy vehicle line-up in the world's largest market over the next five years.
The Shanghai Battery Assembly Plant, controlled by the SAIC-GM joint venture, is the company's second in China and will help it meet growing demand for electric and hybrid cars in the country.
GM currently has three new-energy models in China, sold under the Cadillac, Buick and Baojun brands, and plans to have 10 on sale by 2020.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In the next five years the company plans to launch 20 new models with electrified powertrains as it seeks to comply with China's increasingly strict environmental regulations.
Next year new-energy vehicles will need to account for 10% of total sales among major vehicle manufacturers operating in China, rising to 12% in 2020 and 20% by 2025.
All major carmakers operating in China have announced similar aggressive plans to expand their electric and hybrid vehicle ranges over the next five years.
GM China president Matt Tsien said his company intends to grow its electric vehicle portfolio in China with diverse solutions encompassing various electric ranges and body styles.
