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On September 3, SAIC General Motors and Ningde Times signed a strategic cooperation agreement in Shanghai. The two sides will work together to actively explore the field of automotive battery technology and conduct in-depth cooperation on the research and development of SAIC General Motors' next-generation new energy battery.

According to the cooperation agreement, SAIC General Motors and Ningde Times will jointly actively explore an efficient and pragmatic cooperation model, and give play to their leading advantages in the industry to carry out in-depth strategic cooperation in the field of new energy power batteries. At the same time, with the deepening of strategic cooperation, the two sides will work together to enhance sustainable development and innovation capabilities to achieve win-win cooperation.

Under the pressure of the "double points" policy, SAIC GM is now facing great pressure on new energy. According to statistics, at present, SAIC GM's new energy point gap is nearly 200000 points, which needs more than 100000 pure electric vehicles to fill. According to the latest plan, SAIC GM will put 10 new energy vehicles into production by 2020. In 2025, nearly all models of Cadillac, Buick and Chevrolet in China will be electrified. After signing the contract with Ningde Times, SAIC GM is expected to accelerate its development in the new energy field.

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