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.

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)

More from Stocks

Jim Cramer Likes Secular Growers

Jim Cramer Likes Secular Growers

In Case You Missed it: What Is Eddie Lampert Doing With Sears?

In Case You Missed it: What Is Eddie Lampert Doing With Sears?

Power Up Your Portfolio With This High-Yield Dividend Aristocrat

Power Up Your Portfolio With This High-Yield Dividend Aristocrat

3 Stocks You Don't Know Could Boost your Portfolio Hugely

3 Stocks You Don't Know Could Boost your Portfolio Hugely

How to Handle Market Volatility According to This Financial Adviser

How to Handle Market Volatility According to This Financial Adviser