GM JV To Launch Cabrio EV In China: Bloomberg

by Shivani Kumaresan, Benzinga Staff Writer

August 31, 2022 8:03 AM | 1 min read |

General Motors Co's GM joint venture in China is launching a two-seater convertible electric vehicle, Cabrio, on September 1, 2022, Bloomberg reports.
The launch follows the joint venture SAIC-GM-Wuling Automobile's previous offering, Hongguang Mini.
Cabrio is expected to cost between 100,000 yuan ($14,500) and 200,000 yuan.
The car will be allotted by a lottery system, the winners of which will be announced later in September.
The lottery system is due to a small production window of 100 to 200 cars a month.
Price Action: GM shares closed lower by 0.74% at $39.13 on Tuesday.