According to reports, on November 12, Steven Kiefer, president of GM’s international business, said that GM will introduce 10 electric vehicles to the Korean market by 2025, but has not yet planned to produce electric vehicles in South Korea.

　　Kiefer said, "General Motors' global strategy is to provide electric vehicles at various price points, from entry-level cars to high-performance models, to trucks and SUVs. Our goal is to let everyone have an electric car." Kiefer Emphasized the importance of the Korean market to GM, and stated that competitiveness and profitability are the keys to GM's maintenance of Korean auto business.

　　Kiefer also explained, “Our electric vehicles launched to the Korean market will all use imported vehicles. Except for existing models, GM does not plan to produce any electric vehicles or other new models in Korea.” GM currently produces electric vehicles in the United States and China. Automotive, the company warned last year that the continuing labor strikes hindered GM's further investment in South Korea. GM also plans to produce electric vehicles in Mexico and Canada.

　　(Image source: GM)

　　Kiefer also said that the cooperation between General Motors and South Korean battery manufacturer LG Energy Solutions is "a promising future." "We obviously need more batteries, so please continue to pay attention to our announcements later." Currently, General Motors and LG are building two battery manufacturing plants in the United States, with a combined annual production capacity of approximately 70 GWh, which can be approximately 1 million electric vehicles. Provide motivation.

　　GM’s Korean subsidiary employs approximately 12,000 employees and produces approximately 600,000 vehicles annually, many of which are sold to the United States, including the Chevrolet Trailblazer SUV, which is popular with consumers. However, the company lost 309 billion won (US$262 million) last year.

　　This article is reproduced from Gasgoo.com