NexOptic Technology Corp (TSXV: NXO)
You’ll Never See The World The Same Way Again
General Motors (GM) launched the Chevrolet Menlo sedan in China yesterday, the brand’s first fully electric vehicle in the world’s largest EV market.
The sporty-looking hatchback was also the third EV that GM rolled out in China, following the Buick Velite 6 EV and Baojun E-series, all produced by joint-venture partnerships in China.
According to GM, the Chevrolet Menlo will be initially offered in Beijing, available in four variants priced from CNY159,900 (USD22,800) to CNY179,900 after national subsidies for new energy vehicles.
GM outlined its “All-Electric Path to Zero Emissions” in October 2017, and announced a new electric offensive with 20 new all-electric vehicles to launch by 2023.
In the rapidly expanding Chinese EV market, which saw half of the world’s total sales, GM now faces fierce competition not only from local brands and European automakers, but also the American EV giant Tesla.
Tesla started delivering Model 3s made in its Shanghai Gigafactory at the end of last year.
Source: Yicai Global
