August 30, 2005
Shanghai Automotive to build hybrid and fuel cell vehicles
Shanghai, China – Shanghai Automotive Industry Corp (SAIC), the second-largest of China’s automakers, plans to begin commercial production of hybrid-powered cars and buses under its own and foreign brands before 2008. It will also start small-volume commercial production of hydrogen-powered fuel-cell cars before 2010.
Last week, SAIC entered a strategic collaboration with two universities; last November, the company signed a joint development and commercialization agreement with General Motors on hybrid and fuel-cell vehicles in China.
Two other hybrid ventures are in the works; Toyota will begin production of the Prius in China later this year in a joint venture. Maple, a subsidiary of privately-owned Chinese automaker Geely, also plans to manufacture 5,000 to 10,000 hybrid cars each year, starting in 2008.