Shanghai GM Tops 10 Million Cumulative Sales

Reaches milestone in record time for domestic passenger car makers

SHANGHAI -- December 8, 2014: Shanghai GM recently surpassed 10 million cumulative sales since its establishment in 1997. It reached the milestone in record time for a domestic passenger car manufacturer.

Shanghai GM’s first vehicle rolled off the production line just 23 months after construction of its manufacturing facility began. Within eight years, the GM-SAIC joint venture sold its 1 millionth vehicle. In 2010, it became the first domestic automaker to sell more than a million passenger vehicles in a single year.

It has maintained its momentum this year. In the first 11 months, Shanghai GM’s domestic sales increased 9.6 percent on an annual basis to a record 1,518,844 vehicles.

Shanghai GM offers a comprehensive lineup of Buick, Cadillac and Chevrolet passenger vehicles. It has adopted a market-oriented philosophy, leveraging the domestic and global resources of its parent companies. This has enabled it to expand its manufacturing footprint from Shanghai to Shenyang, Yantai and Wuhan.

The joint venture has an integrated value chain that includes manufacturing, sales and marketing, aftersales, purchasing and R&D. With its Drive to Green strategy, Shanghai GM is taking the lead in making its vehicle lineup an industry leader in fuel efficiency.

Buick and Chevrolet are expected to make Shanghai GM the first domestic automaker with two brands with annual sales of 1 million vehicles in China. The Cadillac luxury brand is expected to reach its annual domestic sales target of 100,000 vehicles in 2015.

As it looks to the future, Shanghai GM is focused on optimizing the customer experience. It is addressing vehicle connectivity, e-commerce, automotive financing and differentiated service to take advantage of the opportunities as China’s vehicle market matures.