GM announces China version of hybrid Volt

Auto Shanghai a preview

Below the surface, the MG E-motion sets the standards in plug-in vehicle capability, with the latest pure-electric modular architecture platform developed in-house and delivering 0-100kmph in less than four seconds, despite boasting a range of more than 500km.

Electric vehicles accounted for just 1.8 percent of China's auto sales previous year.

"It's tough for someone with an EV to come and take away market share from SUVs", said Ben Cavender of China Market Research Group.

In the 17th biennial auto show, open to the public from April 21-28, Hyundai Motor will debut the all-new ix35 and its sister company Kia will reveal the K2 Cross.

Yasuhide Mizuno, Honda's China chief, told reporters on the sidelines of the Shanghai auto show on Wednesday the automaker was "expediting" the development of the EV.

Growth in auto sales in 2017 are estimated to slow to an annual 2 to 6 percent, according to the ministry.

He said Mercedes sales grew 37 percent in this year's first quarter.

China's crackdown on vehicle pollution will turn the world's largest auto market into a hub for cutting edge electric car technologies previously exported from Europe and the United States, industry executives at the Shanghai motor show said.

Ford Motor Co., Volkswagen AG and other global brands also have announced plans this year to launch electric or gasoline-electric hybrids in China, where the market is dominated by lower-cost Chinese brands led by BYD Auto, the world's biggest seller of electric models by units sold. Buick also sells a hybrid LaCrosse in China.

Ex-NFL star Aaron Hernandez hangs himself in his prison cell
The most were in Utah, where 42 per 100,000 killed themselves; the lowest in Alabama, where 5 out of 100,000 committed suicide. Fallon said that he was not aware of any suicide note and that officials had no reason to believe Hernandez was suicidal.

Volvo declined to provide production figures for its China plants, but Samuelsson has said he wants about one-third of the 800,000 units it plans to sell in 2020 to be made in China. The vehicle is to be produced by GM's joint venture with a state-owned automaker, Shanghai Automotive Industries Corp. and priced starting at 265,800 yuan ($38,600).

Volvo has a commitment to sell a total of 1 million electrified cars - including fully electric cars and hybrids - by 2025. Offering a glimpse of the future, the next-generation vehicle aims to push the boundaries of innovation and technology, while meeting the needs of today's trend-setting auto buyers.

For Korean SUV producer SsangYong, a Korean unit of Indian auto giant Mahindra & Mahindra, the Shanghai Motor Show may be a gateway into China as it hopes to make up for the fall in overseas sales from Russian Federation.

People in the industry say manufacturers have warned Beijing those targets are too ambitious.

SAIC, Geely and other rising Chinese automakers such a Great Wall 601633.SS and Chery Automobile Co Ltd [CHERY.UL] have a long way to go to achieve the sales levels of the U.S., European, Japanese and Korean brands in China.

A number of automakers have already reported falling China sales so far this year.

The government also is spending heavily to increase the appeal of electrics by expanding China's network of charging stations to reduce "range anxiety", or buyers' fear of running out of power. That is partly because their vehicles cost up to two to three times the price of equivalent gasoline models. It has yet to say when sales will start. But industry analysts say that is too much money and too short a distance for most drivers, who have few places to recharge. Most cars are relatively cheap with limited range.

GM is also offering a $5,233 discount to Chinese buyers on its the Velite hybrid vehicle when it goes on sale in the country later this year.

Related News:

  • IPhone 8 schematics leak

    IPhone 8 schematics leak

    While the iPhone 8 is rumored not to arrive as scheduled, rumors on its possible specs and features continue to surface online. The publication cited comments made in a research note by Pacific Crest Securities Analyst Andy Hargreaves.

    Giants' Posey struck in head by pitch, leaves game

    Posey (head) may be placed on the 10-day disabled list for precautionary reasons, Alex Pavlovic of NBC Sports Bay Area reports. But that's the luxury of having one of the elite closers in the game". "He seemed fine", shortstop Brandon Crawford said.
    Irving scores 37, Cavs hold on to beat Pacers 117-111

    Irving scores 37, Cavs hold on to beat Pacers 117-111

    George has been individually excellent in the series, which was always expected. "He's got to learn to just be in the moment". George has a player option can opt out of in 2018, and in may need to consider its options ahead of losing him for nothing.
  • Exxon seeks OK to resume Russian oil venture

    Exxon seeks OK to resume Russian oil venture

    Exxon purportedly asked the Treasury Department in recent months if it could drill alongside Rosneft in the Black Sea. The newspaper said Exxon has been seeking permission to work with Rosneft in areas banned by US sanctions.

    Serena Williams Announces She's Pregnant

    On Wednesday morning, the tennis superstar posted a side-shot selfie of herself on Snapchat with the caption '20 weeks'. She also has been ranked No. 1 in the world seven times, including in 2017. "I Said Yes", Williams titled a thread.
    Facebook shares brain-control ambitions

    Facebook shares brain-control ambitions

    But Dugan did stress that Facebook isn't blindly pursuing technological advancement without considering the implications. On his Facebook page, Mark Zuckerberg added: "Our brains produce enough data to stream four HD movies every second".
  • Loud sex sounds interrupt pro tennis match in Florida

    Loud sex sounds interrupt pro tennis match in Florida

    Tiafoe then sent the crowd into hysterics as he roared out to the horny pair " It can't be that good! ". But a few moments later, around the 1:50 mark in the above video, the noises got even later.
    US stocks start to bounce back, led by gains for banks

    US stocks start to bounce back, led by gains for banks

    JPMorgan Chase & Co. reiterated a "buy" rating on shares of Morgan Stanley in a research report on Tuesday, March 14th. Morgan Stanley's payout ratio is presently 27.40%. ( NASDAQ :DISCA) is under coverage by number of analysts.
    Celtics Coach: If Smart made a gesture, 'it's unacceptable'

    Celtics Coach: If Smart made a gesture, 'it's unacceptable'

    He only got eight shots in the first game and only 13 in the second game, but he's a special talent and deserves to have more. He's a 5-foot-9-point guard - and a helluva player at that - but is asked to do too much for a player of his size.
  • United CEO says no one will be fired for dragging incident

    United CEO says no one will be fired for dragging incident

    Even in normal times, airlines closely - even daily - scrutinize numbers such as advance sales and occupancy levels on planes. United Airlines CEO Oscar Munoz says a forceful removal of a passenger will never happen on his airline again.
    International Business Machines Corp.'s (IBM)

    International Business Machines Corp.'s (IBM) "Buy" Rating Reiterated at Stifel Nicolaus

    The 13 analysts covering the company expect dividends of 5.79 Dollars for the upcoming fiscal year, an increase of 5.33%. The company's net income dropped to US$1.75 billion, or US$1.85 per share, from US$2.01 billion, or US$2.09 per share.
    Close call: Irving scores 37, Cavs hold on to beat Pacers

    Close call: Irving scores 37, Cavs hold on to beat Pacers

    Smith sustained a left hamstring injury in the first half against the Indiana Pacers on Monday and did not return. I said those things only to motivate us to win a series. "We need to focus on whatever we need to do".


Most liked

'The Five': Meet the Hosts of Fox News' 9 p.m. Show
As a result, advertisers moved their spots out of his program, "The O'Reilly Factor", which has the highest ratings in cable news. The company is making "a pretty big statement" to that effect by dropping O'Reilly, said Hall, the American University professor.

Pence says South Korea-US free trade agreement to be reviewed, reformed
America's vice president has delivered another stark threat to North Korea, declaring that the time for "failed dialogue" is over. The system fires missiles from truck-mounted launchers and is already deployed on Guam to defend against North Korean missiles.

UK's Johnson cancels Moscow visit after Syria gas attack
In Florida with the president, Treasury Secretary Steven Mnuchin said additional economic sanctions on Syria were being prepared. Rouhani said that "neutral countries should come and assess to make it clear where the chemical weapons came from".

House Oversight Chairman Jason Chaffetz won't seek reelection
Republican strategists think Chaffetz is bored investigating his own people. "He has not investigated any of Trump's misdeeds". True to form, they declined to comment when we asked them to verify whether they were aware of " kompromat " on Chaffetz.

Microsoft To-Do is a new app that replaces Wunderlist
Instead, anyone with a Microsoft account can use To-Do, even if they don't have an Office 365 plan, the company confirmed. Microsoft also plans to release To-Do for Android tablets, along with the iPad and Mac PCs, sometime in the future.

Derek Carr Says True Raiders Fans Will Stay Loyal
If Lynch were to instead be released by Seattle and become a free agent, he would owe the Seahawks $2.5 million in bonus money. It's expected that Carr, 26, will get paid more than Andrew Luck. "Yeah, they should be really excited", Carr said.

U.S. missile strikes against Syria increase tensions with Russian Federation
She has stated that it is not something they hope will be necessary, but that the United States military is prepared to do more . Russian Federation has repeatedly defended Syria against the accusation that Damascus has used chemical weapons.

Dortmund coach says Marc Bartra could return in 4 weeks
This gives you the feeling of impotence, that we have to keep functioning and nothing else matters. Last night, our players called their families and friends and our level of concentration dropped.

Julia Roberts named World's Most Beautiful Woman by People magazine again
But if you ask the actress, who recently starred in Money Monster and Mother's Day , she said, "I think I'm now peaking". Julia Roberts has been named the most lovely person in the world for a record fifth time by People magazine .

Pence: US Will Meet Any Nukes With 'Overwhelming' Response
Defence expert Tosh Minohara of Kobe University said: "America's sword is still in the scabbard and hasn't been drawn yet". North Korea has conducted five nuclear tests, including two a year ago . "Now is the time to stop [them]".

Victoria Beckham obtains OBE
Naturally, the style icon looked ultra-chic in a floor-length black dress from her own label which she teamed with burgundy heels. Victoria Beckham receives her OBE from the Duke of Cambridge during an investiture ceremony at Buckingham Palace in London.

Here's Why Oil Prices Dipped to almost $50 Today
In parallel, imports declined by 68,000 barrels a day last week to 7.8m barrels, while domestic oil output rose slightly. USA crude inventories were at 532.3 million barrels, only about 3 million barrels less than the record reached in March.

Bill O'Reilly is Officially Out at Fox News Channel
In 2016, two more women won settlements after complaining about alleged harassment that took place in years past. In the meantime, "The O'Reilly Factor " would continue this week with guest hosts Dana Perino and Greg Gutfeld.

North Korean mock-up birthday video shows missiles blowing up US
The North's propaganda outlet Uriminzokkiri also took an aim at Washington's plot to strengthen sanctions against Pyongyang. The latest draft statement dropped "through dialogue" and Russian Federation requested it be included again.

At Easter, Catholics urged to welcome God's love, share with others
This celebration speaks to those of deep faith, but also to a world of others who are seeking renewal and hope in their lives. I love Easter because the music is so uplifting - and reminds me of the people I love who sang it with me for so many years.