GM rolls out China-developed electric car in Guangzhou

GUANGZHOU (REUTERS) - General Motors (GM) rolled out its first China-developed electric car at the Guangzhou autoshow on Thursday as it ramps up its green car push in the world's largest auto market.

The Sail Springo EV, with a starting price tag of 258,000 yuan (S$50,669), will be initially available only at GM's dealer outlets in Shanghai, the US carmaker said in a statement.

The car, developed and built by GM and its partner SAIC Motor, has a range of 130km to 200km and a top speed of 130kmh.

Encouraged by Beijing's initiative to put 5 million electric and plug-in hybrids on the road by 2020, many domestic and foreign carmakers are gearing up to tap the potential of green cars.