Hu Maoyuan, the president of SAIC, stated that the company’s plan is to launch a hybrid power car with fuel savings of 20%-30% in 2010 and to launch a plug-in hybrid electric vehicle and an electric vehicle offering energy savings of 50% in 2012.

Hu, who is also the director of the China Automobile Association, said that despite the large number of vehicles that China’s automobile industry has produced in 2009, the industry has realized that it must maintain sustainable development as it is aware of the serious pollution and energy problems that has resulted from manufacturing traditional vehicles. He pointed out that the R&D of new energy vehicles calls for a joint action of the Chinese auto makers in addition to the policy and financial supports of the Chinese government.