One of China's major privately owned automakers, Great Wall Motors, will work with a US company, CODA Automotive, to develop electric vehicles. According to the agreement, the car will be built at Great Wall Motors' plant in Baoding city of Hebei province, with the first model expected to come off the assembly line in the second quarter of 2014. "We will maintain a long-term cooperative partnership with CODA Automotive so we can offer leading electric vehicles amid a looming global energy and environmental crisis," said Wei Jianjun, board chairman of Great Wall Motors. CODA Automotive is a privately-owned company that designs, manufactures and sells electric vehicles and lithium-ion battery systems.
From the New York Daily News.
In April 2012, China issued the electric vehicle plan, which stipulated that pure EV would play a key role; the output and sales goal in 2015 is to reach 500,000 and the goal in 2020 is to hit 5 million, which will accelerate the development pace of manufacturers of electric vehicles and related parts.
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