GM Planning Launch of 10 Electric Cars in China by 2020

General Motors (GM) wants to launch 10 electric and gasoline-electric hybrid vehicles in China by 2020 as a result of the government pressure on the auto industry to promote gasoline alternatives, the Associated Press reports.

Matt Tsien, the president of GM's China unit, said at the Shanghai auto show that the company will begin production of a pure-electric vehicle in China within two years.

Shares of General Motors were up by 0.15% to $34.15 in pre-market trading on Friday morning.

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