Over 40 percent of new General Motors vehicle launches in China over the next five years will be EVs, the automaker announced during its Tech Day media event in Shanghai this week.
According to Reuters, GM China boss Julian Blisset said the new EV programs and the expansion of the Super Cruise hands-free driving system will both help spearhead the automaker’s efforts to increase its sales in the country. GM sales in China have been slowly slipping each year since they hit their peak at four million units back in 2017.
GM CEO Mary Barra echoed Blisset’s statement, saying adding more EVs and expanding the presence of Super Cruise in its vehicles will help it achieve its vision for “zero crashes, zero emissions and zero congestion.”
“China will play a crucial role in making our vision a reality,” Barra said.
GM said previously that it would sideline $20 billion in order to develop and produce new electric and autonomous vehicles between now and 2025. While it’s not clear how much of that investment is for China, at least some of the automaker’s upcoming EVs will be sold in both China and North America. The Cadillac Lyriq crossover, for example, will launch in China first before going on sale in North America shortly after.
China is the world’s largest automotive market and also the largest market for EVs. In 2019, electric vehicles account for 4.7 percent of all new cars, trucks and SUVs sold in the country – equivalent to roughly 1.2 million vehicles. GM already has a number of EVs for sale in China, including the Chevrolet Menlo EV, Buick Velte 6 Plus and the new Baojun E300 EV, among more.
GM has not said how many new EVs it plans to launch in China over the next five years. The automaker said previously that it would launch 20 new EVs globally before 2023, though some of these vehicles will be exclusive to North America, whereas others may be exclusive to China.