GM Plans $1 Billion Auto Factory In China

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General Motors says it's building the plant with its joint venture partners in China. Set to open in 2015, it will be the third GM plant in what is now the world's biggest auto market. The company hopes the plant will eventually produce up to 2 million vehicles annually.

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Transcript

RENEE MONTAGNE, HOST:

NPR business news starts with GM investing in China.

General Motors says it's building a $1 billion factory with its joint venture partners in China. It's set to open in 2015 and will be the third GM plant in what is now the world's biggest auto market. The company hopes the plant will eventually produce up to two million vehicles a year. Auto sales in China are expected to hit 20 million this year - about five million more than in the U.S. Transcript provided by NPR, Copyright NPR.