GAC Launches New Energy Vehicle Strategy

Production and sales of energy-saving and new energy vehicles set a tone of 200,000 units of the Guangzhou Automobile Group [9.36-3.60%] new energy vehicle strategy was officially unveiled at the auto show. According to Zeng Qinghong, general manager of GAC Group, GAC revealed that the first new energy passenger vehicle pure electric transmission will be rolled out within the year, and at the same time in 2015, 200,000 units of energy-saving and new energy vehicles will be produced and sold.

“The Pure Telegraph will mix and match the existing production lines.” Zeng Qinghong told reporters that the 200,000 production and sales targets also include hybrids, LPG models and other energy-saving and new energy buses.

The planning target of Guangqi yesterday was called "2531", which means that in 2015, about 200,000 cars of energy-saving and new energy vehicles will be produced and sold. This also equates to meeting the overall energy saving and new energy vehicle planning goals of Guangdong Province. Guangzhou Automobile has finalized the plan, and the “12th Five-Year Plan” has a production capacity of 3 million units.

Zeng Qinghong said that GAC will adopt the principle of “hybrid/plug-in vehicle type as its recent work focus, purely electric vehicle model as the main strategic orientation, and other new energy vehicle models continue to follow” principle, and comprehensively promote the independent R&D of energy-saving and new energy vehicles. "The increase of the program at the end of this year, pure electric transmission, is currently suitable for road facilities."

Honda President Ito Takahiro: Validating the utility and convenience of electric vehicles in the ear Honda President Ito Takahiro stated that in 2012 the two joint ventures in China will import and sell new hybrid vehicles. In the near future, Honda, Guangzhou, and Guangzhou Automobile Group also reached an agreement on the testing of electric vehicles to verify the practicality and convenience of electric vehicles in Guangzhou.

Maintaining a forecast of 10% growth in China's auto market Zeng Qinghong said that next year will be the launch of GAC. Referring to the trend of the auto market in 2011, Zeng Qinghong estimated that the auto market in China could still reach a 10% year-on-year growth this year, and by 2015 sales will exceed 30 million units.