Chevy Volt Arrives in China; Hybrid to Go on Sale There in Second Half of Next Year
By Scott Doggett August 31, 2010
General Motors celebrated the arrival of the first drivable Chevrolet Volt in China today, the automaker said in a statement.
The first drivable Volt in China, outside the China Pavilion at Expo 2010 in Shanghai.
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China is one of the initial markets outside the United States to receive the Volt. GM's extended-range plug-in hybrid will go on sale in China next year.
Kevin Wale, president of GM China, said the launch of the Volt, expected in the second half of next year, is key to the carmaker's broader strategy to grow its electric car business in China.
China recently announced it will spend more than 100 billion yuan ($14.70 billion) to subsidize the electric-car industry over the next 10 years.
Wale said the selling price of the Volt in China will only be unveiled when it is officially launched.
"I believe the pricing will be competitive," he told reporters in Shanghai today.
GM marked the celebration by delivering two of the plug-in hybrids to the Shanghai Expo Bureau for use as part of its VIP transportation fleet at World Expo 2010 Shanghai.
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