SAIC is investing one billion yuan (US$129 million) in developing cleaner, more energy efficient vehicle technologies. The company plans to produce 50,000 electric vehicles of various types by 2010, some 95 percent of which will be hybrids. Via a joint venture with Volkswagen, SAIC is aiming to produce 500 Touran hybrids before the 2008 Beijing Olympics.
Analysis: SAIC have also partnered with GM to develop hybrid vehicles of the booming Chinese market. Clearly they're planning to roll out the latest tech to the Chinese market as it comes online in Western nations as well. I think Shanghai is going to be an interesting show this year.