GM, SAIC Extend China Joint Venture Through 2047 as Automakers Target New Growth
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General Motors signed an extension of contract with SAIC to continue producing and developing products together for at least 20 more years.
General Motors will maintain its industrial presence in the Asian giant until 2047, although it will remove Chevrolet from the local market to concentrate its efforts on Buick and Cadillac. Vehicles manufactured in China will continue to reach other markets, including South America
GM, SAIC extend China joint venture through 2047 as automakers target new growth
On the Dash: GM and SAIC extended their joint venture through 2047. SAIC-GM plans at least 30 new energy vehicles by 2030. China-developed Buick NEVs could begin reaching international markets as soon as October. General Motors and SAIC Motor extended their joint venture 20 years through 2047, targeting new growth in China’s rapidly shifting auto market. SAIC-GM plans to launch at least 30 new energy vehicles (NEVs) by 2030 and will expand the …
According to CnEVPost, automaker SAIC Motor and General Motors officially signed a renewal agreement in Shanghai, announcing that the cooperation period of their joint venture "SAIC-GM" will be extended for another 20 years, until 2047. Facing the dramatic changes in the global automotive industry, the two groups, through this contract renewal, demonstrate their firm confidence in the long-term value of the Chinese market and declare their conti…
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