| SHANGHAI--
Shanghai Automotive Industry Corporation (Group) (SAIC), one of the largest
automakers in China, posts that it will focus on three points of its new
energy strategy, namely industrialization of hybrid cars, the merchandise
trend of alternative fuel cars and the R & D and demonstrated operation
of fuel cell cars, between 2006 and 2010.
The automaker has developed a sample
hybrid car of "Shanghai" brand with its total proprietary based on the
platform of Roewe, an already-developed self-developed sedan model of the
company. The car will be produced in 2008 and put into mass production
with annual capacity of 50,000 cars in 2010. It features compact structure,
strong reliability, low cost and close to be industrialized and can save
over 15% fuel.
As for the alternative fuel car,
the company has developed proprietary dimethyl ether-fueled city buses
up to Euro III emission standards.
The auto giant and auto parts suppliers
like Shanghai Fuel Cell Vehicle Powertrain Co., Ltd. have developed "Shanghai"
brand fuel cell cars with highest speed of 150km/h.
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