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GM's China new energy vehicle sales will meet quotas by 2019 without need to buy credits

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GM's China new energy vehicle sales will meet quotas by 2019 without need to buy credits

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BEIJING (Reuters) – General Motors Co’s <GM.N> new energy vehicle (NEV) sales in China will meet quotas by 2019 without the need to buy credits, GM China chief Matt Tsien said on Monday. China has set strict quotas for NEVs which automakers must meet by 2019, a move that is prompting a flurry of electric car deals and new launches of electric and hybrid models as firms look to ensure they do not fall short.

(Reporting by Beijing Monitoring DeskEditing by Richard Pullin)
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