GM, SAIC extend China joint venture through 2047 as automakers target new growth
General Motors and SAIC Motor are extending their joint venture for 20 years through 2047, with SAIC-GM planning to launch at least 30 new energy vehicles by 2030. The partnership will focus on electrified and intelligent vehicles while expanding China-developed technology for both domestic and international markets.
The joint venture will also begin exporting the Buick Electra E7 as soon as October, marking its first premium NEV sold overseas. SAIC-GM is targeting markets across the Middle East, Africa, South America, Mexico, and Asia-Pacific, building on a partnership that has produced and delivered more than 20 million vehicles since 1997.