"The Chinese government is pushing electrics with a subsidy that amounts to about $19,000 per car -- but only if the car is made in China. No imports allowed."
"The push for more advanced technology reflects China's frustrations with its continued weakness in automotive technology, analysts say. After 25 years of auto joint ventures that require local partners to hold at least a 50% stake, domestic automakers still lag behind global rivals in automotive engineering.
"China is not a technology leader in virtually any industry. The country has developed around low-cost production,"
"GM spokesman Jay Cooney said the companies will work together to develop a next-generation, fully electric car."
It is difficult to see what GM wants with this venture other than getting into selling more in China.
GM could if it really wanted already make electrics in the US.
Problem is they are still producing old style cars heavy/complex/expensive and calling them electrics even if they are not.
The Volt is a major flop but they could use the experience at home with the Volt to make a real electric light weight/simple/low cost and get a good car for the future.
Why they want to do it in china instead is strange to say the least.