China Penalty for General Motors $29 million

China set up the penalty for General Motors’ joint venture in amount of $29 million (201 million yuan) for monopolistic pricing, it was reported on Friday. According to China state media, join venture of GM and SAIC Motor Corp will pay amercement for padding the minimal prices for some models of Cadillac, Chevrolet and Buick.

General Motors immediately reacted in the electronic announcement and stated: “GM fully respects local laws and regulations wherever we operate. We will provide full support to our joint venture in China to ensure that all responsive and appropriate actions are taken with respect to this matter.” Unlike the American producer SAIC was quiet and did not make any statement so far.

General Motors developing charging pads for electric vehicles in cooperation with WiTricity

Cooperation was published earlier this week and the goal is to develop wireless charging systems for EVs. Solution is simple and similar to the systems already presented by Momentum Dynamics and Plugless. A “charging pad” can be installed beneath a layer of garage floor, so that car could simply be charged automatically while is parked.

“The electric vehicle has been recognized as central to the future of mobility, and GM has been a leader, making EVs accessible to the broader market. The convenience of wireless charging will help accelerate adoption even further,” said Alex Gruzen, CEO of WiTricity, about the alliance. “Wireless charging for EVs, based on industry standards, is inevitable as we move toward a future of self-driving and autonomous vehicles, and this project brings us one step closer to realizing our vision of a world powered wirelessly.”

GM agreed to allow WiTricity to conduct tests on a Chevrolet Volt hybrid vehicle, to show how well it would work integrated into a real car. Wireless charging is a technology that our customers have told us they are interested in,” GM’s executive chief engineer of electrified vehicles, Pamela Fletcher, said.

Share This Story, Choose Your Platform!

editor's pick

news via inbox

Nulla turp dis cursus. Integer liberos  euismod pretium faucibua