General Motors’ Managing Director, Kevin Wale has announced massive targets under the company’s new five-year plan for China.

Speaking ahead of the Shanghai Auto Show, which launches tomorrow, Mr Wale said the company aims to launch 60 new models in the five years, to a market that is expected to show much potential for growth, according to experts.

Mr Wale announced that the company was aiming to lead the industry in electrification: “We’ve set aggressive goals with our five-year plan. We are confident that we will achieve every one of our goals.”

In December 2010, Shanghai GM introduced the Sail battery-electric concept vehicle, which was developed by Shanghai GM and PATAC. A drivable version will be introduced following Auto Shanghai 2011.

GM will shortly introduce the new Buick LaCrosse with eAssist, which offers a fuel economy improvement of 25%.