GM is also planning to invest about a half-billion U.S. dollars in a joint venture in China to produce green cars. All automakers doing business in China are required by Chinese law to have a Chinese-owned J.V. partner. Just as an aside, image how quickly our economy would be boosted if we required the same of any Chinese company doing business in the U.S. The Economic Times reports that the plant GM is planning would be able to produce 200,000 green cars per year. Just to give some perspective on that number, there were only 123,000 electrified vehicles sold in all of the U.S. market in 2015, and that number is not increasing. The Toyota Prius hybrid, the best-selling green car on the planet, sells at about a 200,000 unit annual pace in the U.S.
Vehicle image is the Chevy Sail EV.
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