GM to Open New Electric Car Research Centre in China

CNBC reported that General Motors is opening a research centre in China, hoping to harness the intellectual power of the country’s recent engineering graduates to further their development of the electric car.

As quoted in the market report:

One principal area of research the new tech center is likely to focus on, Zhang believes, is “new energy” – a Chinese codeword for heavily electrified technology that powers all-electric battery cars and plug-in hybrid electric vehicles.

To view the whole CNBC report, click here.