PÉKIN, September 16 (Hfrance.fr) - One of the (GM.N) Chinese joint ventures announced on Wednesday that They were developing automotive chips and aimed to increase the utilitylocalization of locally sourced chips over the next five years. Liuzhou-based SGMW, GM's business with SAIC Motor Corp partners (600104.SS) and Guangxi Automobile Group, told an industry conference that they have been developing their own automatic chip calculation since 2018. SGMW Did not say whether it simply designs chips or also participates in chip manufacturing, but said it will strengthen cooperation with Chinese manufacturers to improve the quality and economy of its chips. A prolonged global shortage of semiconductor chips a affected the main car manufacturers including Ford Motor Co (FN) , Honda Motor Co Ltd (7267.T) , and Volkswagen AG (VOWG_p.DE) , forcing a lot to remain inactive or reduce production. SGMW is also developing battery exchange stations for its micro electric vehicles, he said during the World Congress of New Energy Vehicles. Report by Yilei Sun and Brenda Goh in Beijing Edited by Matthew Lewis Our standards: Thomson Hfrance.fr's principles of trust.