Shanghai Automotive Industry Corporation has announced that it will unveil its Roewe 750 hybrid car at the end of 2010.

The 1.8L new energy car has a fuel-saving factor of around 20% and is scheduled to hit the market later this year.

The Roewe 750 is powered by a lithium-ion battery.

In addition, SAIC's Roewe 550 plug-in hybrid vehicle will be launched in 2012. The this model has a fuel-saving factor of 50% compared to conventional cars.

SAIC said it will continue to promote the supply chain for key auto parts and components of new energy vehicles, as it aims to become a leading producer of new energy vehicles in China and to compete on the world market.