BEIJING, April 21 -- General Motors Corp has opened a new Energy Research
Center in Beijing over the weekend, part of GM's new collaborative strategy to
strengthen its development of new energy models on the world's second largest
auto market.
The China Automotive Energy Research Center (CAERC) is jointly set up by
GM, its Chinese partner Shanghai Automotive Industry Corp Group (SAIC) and
Tsinghua University, one of China's leading engineering colleges.
It will be the first professional research institution in the area of
automotive energy in China and will support the development of a national
automotive energy strategy through comprehensively cooperation between
government, industrial partner and academic expertise.
GM and SAIC will jointly invest more than 6 million U.S. dollars within
five years in the center.
"The automotive energy is one of the core energy environmental challenges
facing our world today," Rick Wagoner, GM's chairman and chief executive
officer, said at the center's opening ceremony on Saturday ahead of the Auto
China 2008. "With the fastest growing market in the world with no sign of
slowing down, China is making a big impact."
"The collaboration will share resources and help to find a clear path for
solutions to meet the energy challenge."
The establishment of CAERC came six months after GM announced to set up
another engineering center in Shanghai for greener fuels in a 250 million
dollars investment last October.
The car maker has been eyeing an aggressive strategy to promote
energy-efficient and environmentally friendly transportation in China, which it
believes has the potential to be the first market to adopt new technologies.
Car makers worldwide have been urged to roll out new models with lower fuel
consumption and higher emission standards for sustainable growth amid energy
shortage and environment pollution.
(Source: Shanghai Daily)