Guangzhou Automobile Group (often referred to as the GAC Group) plans to devote RMB2 billion to build a green ‘new energy’ automotive factory in China, a senior executive said last week.
Carmakers in China are rushing to create more 'environmentally friendly' vehicles (such as electric cars, hybrids and fuel cell vehicles) to comply with fuel economy standards that grow progressively stricter each year until 2020.
READ MORE: Shenyang carpenter builds wooden electric car from scratch with no training
The new fuel economy regulations are part of the government's plan to confront the pollution issues that plague many of China’s large urban areas. Clearly no one has informed them that the electricity to power electric cars comes from coal burning plants, which are China’s major pollution makers.
GAC's new factory will have the capability to produce 100,000 vehicles annually and should be completed by 2018, though that date could be moved forward if the demand for new energy models grows, Vice General Manager Liang Weibiao told Reuters.
No word yet on where the factory will be located.
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