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GM rolls out China-developed electric car in world’s top auto market

A Cadillac sign is seen on a car outside a dealership in Beijing, October 31, 2012. — Reuters picA Cadillac sign is seen on a car outside a dealership in Beijing, October 31, 2012. — Reuters picGUANGZHOU, Nov 22 — General Motors Co rolled out its first China-developed electric car at the Guangzhou autoshow today as it ramps up its green car push in the world’s largest auto market.

The Sail Springo EV, with a starting price tag of 258,000 yuan (RM126,000), will be initially available only at GM’s dealer outlets in Shanghai, the US automaker said in a statement.

The car, developed and built by GM and its partner SAIC Motor Corp Ltd, has a range of 130-200 kilometres and a top speed of 130 kilometres per hour.

Encouraged by Beijing’s initiative to put 5 million electric and plug-in hybrids on the road by 2020, many domestic and foreign automakers are gearing up to tap the potential of green cars. SAIC launched its Roewe E50 electric car with a price tag of 234,900 yuan around two weeks ago.

Warren Buffett-back BYD Co Ltd had also rolled out a financing package recently that allows fleet operators to buy its pricy electric car e6 in instalments.

Earlier in the year, GM launched its Chevrolet Volt plug-in hybrid in China. — Reuters

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