GM launches strategy to support China

Shanghai, China – General Motors Corp. Chairman and CEO Rick Wagoner announced today a far-reaching collaborative strategy to support the Chinese government’s pursuit of energy-efficient and environmentally friendly transportation that will be based on the principle of “in China, with China, for China."

Wagoner was joined for today’s announcement by Xu Dingming, Vice Chairman of the Office of China Energy Leading Group; Chen Hong, President of SAIC Motor; and He Jiankun, Vice President of Tsinghua University.

GM also announced the first two major initiatives of its long-term strategy.

The first initiative is the establishment of the GM Center for Advanced Science and Research. The facility will be part of a new US$250 million GM campus in Shanghai. The center will carry out advanced research projects in partnership with the Chinese government, industry partners and academic institutions.

The second initiative is the establishment of the China Automotive Energy Research Center (CAERC), a collaborative effort with Beijing’s Tsinghua University and GM’s strategic partner in China, Shanghai Automotive Industry Corp. Group (SAIC). CAERC will work with various stakeholders in government, academia and related industries to develop a comprehensive and integrated automotive energy strategy for China. GM and SAIC will jointly provide a five-year, US$5 million grant to Tsinghua University to establish CAERC. GM PR