June 1, 2005
GM completes Shanghai auto plant
Shanghai, China – Shanghai General Motors has announced the completion of its new US$249 million plant, adjacent to its original manufacturing facility in Shanghai, which more than doubles the annual capacity of General Motors in China to 320,000 vehicles.
The plant consists of body, paint and general assembly shops and occupies 180,000 square metres. Construction was completed in a record 20 months. The initial annual capacity is 170,000 vehicles, produced by 941 employees on two shifts. It has officially commenced production of the Buick Excelle sedan, Buick Excelle HRV hatchback and Cadillac CTS.
Shanghai GM currently has one of the largest product and brand portfolios among joint venture automakers in China, covering Cadillac, Buick and Chevrolet products; during the first four months of 2005, Shanghai GM sold 72,876 vehicles, the highest of any passenger car manufacturer in China in March and April. Its total sales of 252,869 vehicles in 2004 represented an increase of 25.7 per cent over the previous year.