| That GM will launch an electrified Sail in China is no secret, at least not to TTAC readers. You won't be surprised to hear that GM launched one at the Guangzhou auto show. The car is not the interesting part. The interesting part is the brand behind the car.
The big surprise is the brand behind the Sail SPRINGO EV. According to the press release, the brand is "Shanghai GM." To those with branding experience, this is a revolution. Normally, GM is a corporate entity and not a brand. Nowhere in the world can you buy a GM car, you need to buy a Chevrolet, or Buick, a Cadillac, Vauxhall, Holden, or Opel. The choice of "Shanghai GM" as the brand for the EV is even more interesting considering that the Chinese government requests (or at least strongly recommends) that EVs are sold under a Chinese brand, if they want to qualify for subsidies and if its makers want to remain in the good graces of the Chinese government. All EVs developed by Chinese/Foreign joint ventures are sold under a new "Chinese" brand, owned by the joint venture. Nissan for instance has been on record that the Nissan Leaf will be made and sold under the Venucia brand, something Nissan reconfirmed yesterday to Reuters.
The Shanghai GM Sail SPRINGO EV initially will be available in Shanghai only at a somewhat rich price of 258,000 RMB, or $41,500. Nevertheless, the car's success is pretty much preordained. The car qualifies for a total of 100,000 RMB ($16,000) in incentives from the central government and the city of Shanghai. What's more, the car comes with a free Shanghai license plate, something Shanghainese must pay up to $10,000 for. More than 60 percent of the car's price is therefore covered by government incentives.
from The Truth About Cars http://www.thetruthaboutcars.com | |||
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