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General Motors and its Chinese joint venture partner Shanghai Automotive Industries Corp. (SAIC) signed an agreement calling for the two automakers to co-develop and manufacture electric vehicles in China, the world's largest automotive market.

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At a press conference in Beijing, Nissan chief executive officer, Carlos Ghosn, revealed that the Nissan-Dongfeng joint venture – called Venucia – will build an electric vehicle in China. The vehicle – not a rebadged Nissan Leaf – will be exclusive to China and launch by the end of 2015. According to The Truth About Cars, Ghosn told conference-goers that:

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