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From Wikipedia, the free encyclopedia

SAIC General Motors Corporation Limited
Joint Venture
IndustryAutomotive
FoundedJune 12, 1997; 23 years ago (1997-06-12)
Headquarters,
Area served
China
ProductsAutomobiles
Owner
Websitesaic-gm.com

SAIC General Motors Corporation Limited (More commonly known as SAIC-GM; Chinese: 上汽通用汽车; formerly known as "Shanghai General Motors Company Ltd", "Shanghai GM"; Chinese: 上海通用汽车) is a joint venture between General Motors Company and SAIC Motor that manufactures and sells Chevrolet, Buick, and Cadillac brand automobiles in Mainland China.

History

SAIC-GM was founded on June 12, 1997 with 50% investment each from each partner. SAIC-GM began assembling the venture's first vehicle, the Buick Regal, in Shanghai, China in April 1999.[1][2][3][4] This later followed with the Chinese-built Buick GL8 minivan which was a Chinese exclusive vehicle and was not offered in the United States and Canada.

In 2003, China became the second largest single market for General Motors, selling 201,188 vehicles, an 81.6% percent increase over the previous year. In that year SAIC-GM achieved a 13% market share in mainland China, second only to Volkswagen Group China among foreign carmakers. Sales dropped in 2004 when the company retired the Buick Sail and the release of its replacement, the Chevrolet Sail, was delayed to February, 2005, knocking General Motors Shanghai to seventh place in mainland China market share. SAIC-GM market share climbed back to nearly 9.8 percent, placing SAIC-GM among the top three passenger car manufacturers in mainland China.

In June 2004, the Cadillac brand was introduced to China then in January 2005, the Chevrolet brand was launched.

In May 2005 SAIC-GM completed construction of a new assembly plant, the South Plant, at its facility in eastern Shanghai's Pudong district, more than doubling its annual production capacity to 320,000 vehicles.[5]

SAIC-GM was the top passenger vehicle producer in China in 2006, with sales of 413,400 vehicles. In 2011, SAIC-GM sold 1,200,355 vehicles in the Chinese market.[6] SAIC-GM is the largest joint venture GM has in China.[7]

In September 2006, General Motors launched the Chevrolet Corsa Plus in Chile, a version of the 4-door Opel Corsa with a 1.6L engine, making it the first export market to receive a vehicle manufactured by SAIC-GM.

In February 2010, SAIC acquired an additional 1 percent stake in the joint venture for US$85 million and assistance in securing a US$400 million line of credit to boost SAIC's total share of SAIC-GM to 51%.

In April 2012, GM regained 50% control of the joint venture.[7][8]

Current models

Buick

Cadillac

Chevrolet

Former models

Buick

Cadillac

Chevrolet

Sales

Calendar year Total sales
2004 252,869[5]
2005 325,000[9]
2006 413,367[10]
2007 479,427[11]
2008 445,709[12]
2009 727,620[13]
2010 1,030,000[14]
2011 1,200,355[15]
2012 1,331,022[16]
2013 1,575,167[17]
2014 1,760,158[18]

See also

Notes

  1. ^ based on Opel Mokka
  2. ^ based on Opel Insignia
  3. ^ sport variant of the Regal
  4. ^ based on Opel Astra K
  5. ^ Imported since 2006
  6. ^ Imported since 2011
  7. ^ Imported since 2017)
  8. ^ (Imported since 2017)
  9. ^ a b c d e f (Imported)
  10. ^ based on Opel Astra J
  11. ^ rename of the Buick Century to avoid onfusion with the Toyota Century
  12. ^ based on Holden Statesman/Caprice
  13. ^ rebadge of the Holden Caprice WL series
  14. ^ rebadge of the Chevrolet Volt

References

  1. ^ "1995, GM Links with SAIC". history.gmheritagecenter.com. General Motors Company. 2011. Archived from the original on August 17, 2011. Retrieved May 30, 2011. GM signed a milestone agreement with China’s Shanghai Automotive Industry Corporation (SAIC) for a proposed automotive joint venture, a joint venture technical center, and several other projects in and around the city of Shanghai...
  2. ^ "1982 -1999, Globalization, One Company, One Team". history.gmheritagecenter.com. General Motors Company. 2011. Archived from the original on August 17, 2011. Retrieved May 30, 2011. Also in 1995, the company entered into a joint venture agreement with Shanghai Automotive Industry Corporation (SAIC) in China, laying the foundation for unprecedented growth over the next few years. Four years later, the Buick Regal was being assembled in China for the Chinese market...
  3. ^ "1999, Buick is Back in Shanghai". history.gmheritagecenter.com. General Motors Company. 2011. Archived from the original on August 17, 2011. Retrieved May 30, 2011. The General Motors-SAIC joint venture plant in Shanghai began building Buick Regals for the Chinese market, marking the Buick brand’s proud return to China.
  4. ^ "Shanghai GM joint venture overview on Chinaautoweb.com".
  5. ^ a b "GM's Shanghai joint venture opens new plant". The Star. May 28, 2005. Archived from the original on February 21, 2013. Retrieved September 5, 2012.
  6. ^ "General Motors Sets Sales Record in China in 2011" (Press release). General Motors. January 8, 2012.
  7. ^ a b Nathan Bomey (April 18, 2012). "GM regains 50% stake in its largest Chinese partnership". The Detroit Free Press.
  8. ^ "Company Information". GM China.
  9. ^ "G.M. Cuts the Price On 2 Cars in China". The New York Times. January 4, 2006. Archived from the original on January 30, 2013. Retrieved September 5, 2012.
  10. ^ "GM says 2006 China vehicle sales up 32 pct". Reuters. January 7, 2007. Retrieved September 5, 2012.
  11. ^ "GM's China sales growth slows on VW and Ford competition". The New York Times. January 10, 2008. Retrieved September 5, 2012.
  12. ^ "GM China sales growth slumps to 6% in 2008". China Daily. January 6, 2009. Retrieved September 5, 2012.
  13. ^ "G.M. Sales in China Rose 67% in 2009". The New York Times. January 4, 2010. Retrieved September 5, 2012.
  14. ^ "Summary: Shanghai GM's sales performance from 2002 to 2012". Gasgoo. June 19, 2012. Retrieved September 6, 2012.
  15. ^ "Ford, GM Report Record China Sales". The Street. January 9, 2012. Retrieved September 5, 2012.
  16. ^ "GM 2012 global sales rise 2.9 pct on strong Chevy demand". Reuters. January 14, 2013. Retrieved January 20, 2013.
  17. ^ "上海通用2013年销量157.5万 同比增13.1%". bitauto. January 3, 2014. Retrieved January 20, 2014.
  18. ^ "上海通用2014年销量176万辆 SUV增长显著". pcauto. January 7, 2015. Retrieved January 20, 2015.

External links

This page was last edited on 27 October 2020, at 09:58
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