Shanghai GM recently surpassed 10 million cumulative sales since it was set up in 1997, reaching the milestone in record time for a domestic passenger car manufacturer.
08 Dec 2014 | 3345 Views | By Autocar Pro News Desk
Shanghai GM recently surpassed 10 million cumulative sales since it was set up in 1997, reaching the milestone in record time for a domestic passenger car manufacturer.
Shanghai GM’s first vehicle rolled off the production line 23 months after construction of its manufacturing facility began. Within eight years, the ...
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Shanghai GM recently surpassed 10 million cumulative sales since it was set up in 1997, reaching the milestone in record time for a domestic passenger car manufacturer.
Shanghai GM’s first vehicle rolled off the production line 23 months after construction of its manufacturing facility began. Within eight years, the GM-SAIC joint venture sold its one millionth vehicle. In 2010, it became the first domestic automaker to sell more than a million passenger vehicles in a single year.
It has maintained its momentum this year. In the first 11 months, Shanghai GM’s domestic sales increased 9.6 percent on an annual basis to a record 1,518,844 vehicles.
Shanghai GM, which has a comprehensive lineup of Buick, Cadillac and Chevrolet passenger vehicles, leverages the domestic and global resources of its parent companies. This has enabled it to expand its manufacturing footprint from Shanghai to Shenyang, Yantai and Wuhan. The joint venture has an integrated value chain that includes manufacturing, sales and marketing, aftersales, purchasing and R&D.
Buick and Chevrolet are expected to make Shanghai GM the first domestic automaker with two brands with annual sales of one million vehicles in China. The Cadillac luxury brand is expected to reach its annual domestic sales target of 100,000 vehicles in 2015.
General Motors traces its roots back to 1908. GM has 10 joint ventures, two wholly owned foreign enterprises and more than 58,000 employees in China. GM and its joint ventures offer the broadest lineup of vehicles and brands among automakers in China. Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands. In 2013, GM sold nearly 3.2 million vehicles in China.