- Shanghai GM
Shanghai General Motors Company Limited (Shanghai GM) is a joint venture between General Motors and
Shanghai Automotive Industry Corporation(SAIC). Shanghai GM manufactures and sells automobilesin mainland China. The company manufactures and sells Chevrolet, Buick, and Cadillac vehicles. Shanghai GM was founded on June 12, 1997with 50% investment each from Shanghai Automotive Industry Corporationand General Motors. In 2003, the PRC became the second largest single market for General Motors, and GM Shanghai had a 13% market share in mainland China, second only to Volkswagen Group Chinaamong foreign carmakers. However, sales dropped for 2004with the retirement of the Buick Sail. Its replacement, the Chevrolet Sail, was delayed to February, 2005, leaving Shanghai GM in seventh place.
In the future, it is likely that entire new vehicles will be engineered by GM and SAIC's
Pan-Asia Technical Automotive Centerfor GM Shanghai to build.
According to the company, in 2003, Shanghai GM sold 201,188 vehicles. This was an 81.6% percent increase over the previous year. Its share of mainland China's passenger car market grew to nearly 9.8 percent, placing Shanghai GM among the top three passenger car manufacturers in mainland China. Shanghai GM was the top passenger vehicle producer in China in 2006, with sales of 413,400 vehicles.
Chileis the first country that receives a completed car from Shanghai GM. In September 2006, the Chilean branch of GM launched the Chevrolet Corsa Plus, a Chinese version of the 4-door Opel Corsawith a 1.6L engine.
**Regal - Opel Insignia
**Lova - Aveo
**93 Sports Sedan
* [http://www.shanghaigm.com Official site]
* [http://www.gmchina.com/english/operations/shgm.htm Introduction from GM China homepage]
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