Shanghai, China – Shanghai GM has introduced its Chevrolet New Sail sedan, the first passenger car created in China by a Sino-foreign joint venture. The new car was developed by Shanghai GM and the Pan Asia Technical Automotive Center, both GM-SAIC joint ventures.
In addition to being sold in China, the New Sail will also be exported to other emerging markets. The base model is priced around the equivalent of US$8,800. This marks a breakthrough in the under-$10,300 small car segment, where Chinese brands have traditionally been dominant.
“Our mission has always been to enable more individuals and families to realize their dream of owning a car,” said Kevin Wale,president and managing director of the GM China Group. “With the New Sail, we are setting a new standard for the lower-end small car segment while fully living up to the global standards of Chevrolet, one of the world’s leading vehicle brands.The fact that the New Sail will be exported is a testament to the capabilities of our product development organization in China.”
The New Sail is offered with a 1.2- or 1.4-litre engine, both of which meet Chinese and European emissions standards.