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Robyn Seidman  
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 More options Jul 4, 1:33 am
From: Robyn Seidman <robynkaplanseid...@gmail.com>
Date: Fri, 3 Jul 2009 22:33:01 -0700 (PDT)
Local: Sat, Jul 4 2009 1:33 am
Subject: SAIC
http://www.greencarcongress.com/2009/07/saic-20090703.html#more

>>SAIC Motor, China’s largest automaker, plans to invest 12 billion yuan (US$1.76 billion) in the next three to five years to develop new-energy vehicles.

    The investment will divvied up between 41 projects under its
blueprint for environmentally friendly vehicles and SAIC plans to pour
2.1 billion yuan [US$307 million] into commercializing these cars this
year, it said.

At an event in May, SAIC outlined short-term objectives for the
introduction of new energy vehicles:

    * 2010 launch of Roewe 750 mild hybrid sedan with a boost in fuel
economy of about 20%
    * Proving nearly 1,000 units of new energy vehicles (all electric,
ultracapacitor, fuel cell and hybrid) for the World Expo 2010 Shanghai
    * 2012 launch of plug-in hybrid version of the Roewe 550 mid-class
sedan with up to a 50% reduction in fuel consumption
    * 2012 introduction of SAIC self-developed electric vehicles<<

Will CBAK get a cut of this pie?


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