GM Denies Chevrolet China Exit, Keeps Production for Exports
GM says SAIC-GM will keep producing Chevrolet vehicles in China for export and continue service support for more than 7 million owners.
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GM says SAIC-GM will keep producing Chevrolet vehicles in China for export and continue service support for more than 7 million owners.
After SAIC and GM renewed their joint venture until 2047, the JV brand launched the all-electric Buick Electra L7, showcasing advanced features and competitive pricing.
SAIC Motor and General Motors renewed their joint venture for 20 years, focusing on new energy vehicles amid market challenges.
As of the end of 2025, cumulative sales of the Hongguang MINIEV series surpassed 1.9 million vehicles.
Industry forecasts suggest the Electra E7’s price range will be between RMB 180,000–220,000 (approximately $25,800–$31,600), rivaling BYD Tang DM-i and the Li Auto L6.
In Nov, the BEV market continued to lead, growing 9.2% YoY, while EREVs and PHEVs showed a declining trend, with YoY drops of 4.3% and 2.8%, respectively.
Currently, Geely’s Galaxy lineup has a combined annual capacity of nearly 1 million units across its domestic factories.
The Electra L7 delivers 302 km of CLTC pure electric range, up to 1,420 km of combined range, and supports 130 kW fast charging.
Hesai has become the first LiDAR company to achieve dual primary listings in both the U.S. and Hong Kong.
SAIC-GM celebrates a transformative year with leadership changes and product launches, including the luxury GL8 Lushang and Electra L7, signaling a rapid adaptation to market demands.