SAIC-GM
Shanghai General Motors Company Limited (Shanghai GM) is a subsidiary of General Motors, and manufactures and sells automobiles in mainland China. GM partnered with Shanghai Automotive to set up the company, which sells Chevrolet, Buick, and Cadillac vehicles. In 2003, the PRC became the second largest single market for General Motors, and GM Shanghai had a 13% market share in mainland China, second only to Volkswagen Group China among foreign carmakers. However, sales dropped for 2004 with the retirement of the Buick Sail. Its replacement, the Chevrolet Sail, was delayed to February, 2005, leaving Shanghai GM in seventh place.
In the future, it is likely that entire new vehicles will be engineered by GM and SAIC's Pan-Asia Technical Automotive Center for GM Shanghai to build.
According to the company, in 2003, Shanghai GM sold 201,188 vehicles. This was a 81.6% percent increase over the previous year. Its share of mainland China's passenger car market grew to nearly 9.8 percent, placing Shanghai GM among the top three passenger car manufacturers in mainland China.
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