General Motors rolled out its first China-developed electric car at the Guangzhou autoshow in southern China on Thursday as it ramps up its green car push in the world's largest auto market.
The Sail Springo EV, with a starting price tag of 258,000 yuan ($40,000), will be initially available only at GM's dealer outlets in Shanghai, the US automaker said in a statement.
The car, developed and built by GM and its partner SAIC Motor Corp Ltd, has a range of 130-200 kilometres and a top speed of 130 kilometres per hour.
Encouraged by Beijing's initiative to put 5 million electric and plug-in hybrids on the road by 2020, many domestic and foreign automakers are gearing up to tap the potential of green cars. SAIC launched its Roewe E50 electric car with a price tag of 234,900 yuan around two weeks ago.
Warren Buffett-backBYD Co Ltd had also rolled out a financing package recently that allows fleet operators to buy its pricy electric car e6 in instalments.