Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1515)	11/18/2003 7:19:16 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Car giant wants to drive China into hydrogen era GM sees profits in helping China reduce its reliance on oil By Chua Chin Hon BEIJING - Amid rapidly rising car ownership and concerns about energy security in China, General Motors is hoping Beijing will buy into its idea of a 'hydrogen-based economy' powered by fuel cells instead of petroleum. The US car giant believes that China's relatively young car industry allows it to take the lead in introducing alternative energy and propulsion technologies. 'There really is no place in which this technology is more relevant, or the opportunities greater, than China,' said Mr Phil Murtaugh, chairman and CEO of GM China, at the opening of a two-day 'Tech Tour' in Beijing to showcase its latest technology. The centrepiece at the event is the snazzy 'Hy-wire car', the first vehicle in the world to combine by-wire technology - which replaces cables and mechanical links with electronic wiring - with a propulsion system powered by hydrogen fuel cells. Fuel cells produce energy through a chemical reaction between hydrogen and oxygen, with water as the by-product instead of pollutants generated by combustion engines. straitstimes.asia1.com.sg