October 30, 2007

GM announces US$250 million research hub and energy centre in China

Shanghai, China – Rick Wagoner, General Motors Corporation Chairman and CEO, has announced a far-reaching collaborative strategy to support the Chinese government’s pursuit of energy-efficient and environmentally friendly transportation that will be based on the principle of “in China, with China, for China.”

GM will include two major initiatives in its long-term strategy. The first is the establishment of the GM Center for Advanced Science and Research, part of a new US$250 million GM campus in Shanghai that will carry out advanced research projects in partnership with the Chinese government, industry partners and academic institutions.

The second is the establishment of the China Automotive Energy Research Center (CAERC), a collaborative effort with Beijing’s Tsinghua University and Shanghai Automotive Industry Corp. Group (SAIC), GM’s strategic partner in China. CAERC will work with various stakeholders in government, academia and related industries to develop a comprehensive and integrated automotive energy strategy for China. GM and SAIC will jointly provide a five-year, US$5 million grant to Tsinghua University to establish CAERC.

“The new GM Center for Advanced Science and Research will support China as it undertakes one of the most rapid technological transformations in world history,” Wagoner says. “It is designed to bring together various resources, including SAIC’s new Energy Unit, to accelerate research in the areas of energy-efficient and environmentally friendly automotive technologies, as well as alternative fuel pathways that are socially responsible, economically viable, environmentally sustainable, and technologically feasible.”

The facility will be situated at GM’s new corporate campus in Shanghai’s Pudong New Area, which will be home to GM’s operations in China, including its Asia Pacific headquarters. The first phase of construction is expected to be completed in late 2008.

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