CNBC reported that General Motors is opening a research centre in China, hoping to harness the intellectual power of the country’s recent engineering graduates to further their development of the electric car.
As quoted in the market report:
One principal area of research the new tech center is likely to focus on, Zhang believes, is “new energy” – a Chinese codeword for heavily electrified technology that powers all-electric battery cars and plug-in hybrid electric vehicles.
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