November 6, 2003
GM expands in China, too
Shanghai – General Motors Chairman and CEO Rick Wagoner announced in Beijing the company’s plans to expand its presence and maintain its strong growth in China.
GM will relaunch the Cadillac luxury nameplate as both an import and domestically assembled brand. The automaker also will expand its Shanghai GM and SAIC-GM-Wuling manufacturing facilities. In addition, GM plans to engage in vehicle financing and bring its GM Tech Tour to China.
“We are excited about expanding our presence in China in order to keep up with the rising demand for vehicles, especially passenger cars,” said Wagoner. “Our latest actions will enable us to take advantage of existing opportunities and position us for long-term success in the world’s fastest-growing vehicle market.”
GM is bringing its American luxury brand, Cadillac, back to China in 2004. GM will offer both imported products and products assembled at its flagship joint venture with Shanghai Automotive Industry Corporation Group (SAIC), Shanghai GM. GM plans to build a select network to distribute and service Cadillac products in China.
Shanghai GM, which has become one of China’s leading domestic automakers through the support of its parent companies, is expanding its primary manufacturing facility in Shanghai.
The plant expansion, which will take the joint venture’s total production capacity to 300,000 vehicles per year, is expected to be ready for vehicle production by the end of 2005.
The expansion of SAIC-GM-Wuling will give GM’s mini-vehicle joint venture with SAIC and Wuling Automotive an additional 150,000 units of annual capacity, increasing total capacity to 336,000 units per annum. The expansion of the joint venture in Liuzhou, Guangxi Zhuang Autonomous Region, will feature stamping, body, paint and general assembly shops. It is expected to be ready to begin production in 2006.
GM is debuting its revolutionary Hy-wire and HydroGen3 fuel cell concept vehicles, as well as other industry-leading fuel cell and hybrid propulsion technology in China at the GM Tech Tour.
During the two-day event, which begins in Beijing on November 18, GM will host a series of technical workshops and ride and drive programs.