SAIC, GM Deepen China Ties With JV Extended to 2047
SAIC Motor and General Motors renewed their joint venture for 20 years, focusing on new energy vehicles amid market challenges.
Latest in EV news, technologies, data and insights from China market
SAIC Motor and General Motors renewed their joint venture for 20 years, focusing on new energy vehicles amid market challenges.
General Motors reported Q2 2026 revenue of $48 billion, a net income of $1.3 billion, and improved sales in China.
General Motors plans to license and rebadge the Wuling Bingo Pro as Chevrolet’s entry-level EV for international markets.
Global electric vehicle sales reached 2 million units in June, with significant regional growth differences and emerging markets.
On April 3, General Motors disclosed its latest data, showing that its retail sales in China reached approximately 350,000 units…
So far, the Chinese automakers that have joined the IATF include Geely Holding Group and BYD Group.
China remained critical to GM in 2025, accounting for 1.88 million vehicles — more than 30% of the company’s 6.184 million global sales.
GM’s latest adjustment primarily targets its North American vehicle production, favoring local sourcing while accepting alternative suppliers from outside China.
China remains the dominant driver of the global EV industry, selling roughly 1.3 million vehicles in September alone—nearly two-thirds of worldwide demand.
While price cuts and discounts have helped BYD expand in China, the same approach may backfire in Japan.