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GM's 2 joint ventures post strong deliveries
Automotive News China | 2018/6/12

May deliveries rose for General Motors¡¯ two joint ventures in China, as SAIC-General Motors reported a 9.8 percent year-on-year increase and SAIC-GM-Wuling posted an 11 percent advance.

SAIC-GM, GM¡¯s joint venture with SAIC Motor Corp. that builds and distributes Cadillac, Buick and Chevrolet vehicles, delivered 155,137 vehicles, SAIC reported.

At SAIC-GM-Wuling, a partnership that produces and markets vehicles for the Baojun entry car brand and the Wuling minibus marque, sales totaled 166,632. 

Through May, sales at SAIC-GM jumped 14 percent to 817,583 while deliveries at SAIC-GM-Wuling increased 2.5 percent to 894,462.

SAIC-GM, headquartered in Shanghai, is a 50-50 joint venture.

SAIC-GM-Wuling, in the southwest China city of Liuzhou, is a 50.1-44.0-5.9 partnership among SAIC, GM and Guangxi Automobile Group Co. 

SAIC didn¡¯t reveal sales by brand at the two companies.

GM stopped releasing monthly sales for China in April and will only release sales quarterly.

To boost local sales, GM plans to introduce 15 new and redesigned vehicles in China this year, half of which will be crossovers, SUVs and minivans.

The automaker plans to bring in seven electrified vehicle models by 2020. So far, it has put three electrified vehicles on sale in the market -- the Cadillac CT6 plug-in hybrid, Buick Velite 5 extended-range electric vehicle and Baojun E100 micro electric car. 

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