GM To Sell Chevy Volt In China

General Motors may be releasing its battery-powered Chevy Volt in China in the second half of 2011 in response to the nation's efforts to increase the number of fuel-efficient vehicles, according to Bloomberg. GM is partnered with SAIC Motor Corp (SHA: 600104), Nissan Motor Co. NISSAN and Daimler AG DDAIF with plans to sell more cars powered by batteries in the world's largest auto market, which is also the world's largest oil importing nation. GM currently is the biggest overseas automaker in China, and has yet to specify details on sales target or pricing for the Volt, which we know here in the U.S. will start at around $41,000.00. The Chevy Volt can travel around 40 miles on batteries, and will being to be sold in Europe as the Opel Ampera. The car includes a gasoline engine that extends the driving range to as much as 360 miles.