Photo/VCG

June 12 (NBD) -- General Motors Co (GM) announced plans to expand its new-energy vehicle (NEV) lineup to 20 in the Chinese market by 2023, with 10 to be brought to market by 2020.

Compared with Volkswagen and Toyota, the Detroit-based automaker is more conservative in terms of arrangements in the new-energy field.

To accelerating the rollout of electric vehicles, GM has partnered with Japan's Honda Motor Co to develop a new generation of batteries in smaller size and with higher energy density as well as faster charging speed.

The batteries will be applied on all-electric vehicles of both automakers which will be mainly sold in the North American market.

GM's collaboration with Honda will enable the U.S. carmaker to speed up its pace of research and development on batteries and to cut costs by leveraging economies of scale.

Email: zhanglingxiao@nbd.com.cn