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General Motors Chairman and CEO Rick Wagoner (R) shakes hands with Shanghai Automotive Industry Corp. Group Chairman Hu Maoyuan in front of GM's HydroGen3 fuel cell vehicle October 30, 2004 in Shanghai, China. GM and SAIC signed an agreement to jointly pursue the development and commercialization of hybrid and fuel cell vehicles in China. The agreement is the first of its kind between a global and Chinese auto maker.

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