SAIC-GM-Wuling, SAIC Motor Co., Ltd., the world's most successful joint venture company, held its first 10.1 million vehicles off-line ceremony on November 18th. This company, which has won the championship of China's mini-vehicle sales for eight consecutive years, has achieved breakthroughs in both production and sales. Ten million mark.
SAIC-GM-Wuling Co., Ltd. was founded in 2002 by a joint venture between SAIC Motor Corporation, General Motors Corporation of the United States and Liuzhou Wuling Automobile Co., Ltd. Its unique "China-Foreign" cooperation model has attracted much attention from the market since its inception.
Thanks to the rapid development of the “Golden Decade†in the Chinese automotive market, SAIC-GM-Wuling also developed an annual output of 140,000 vehicles and only one mini-vehicle product “Wuling Light†independently developed and developed into an annual output. More than one million multinational car companies with commercial vehicles, passenger cars, new energy vehicles and overseas businesses have also become China's largest car manufacturers.
In the 11 years of the joint venture, SAIC-GM-Wuling has developed its own vehicles in line with China's national conditions through its own research and development, and has grown into a leader in the Chinese mini-vehicle industry. Its market share in China's mini-vehicle market exceeds 50%. Under the background of the slowdown in the growth of the Chinese auto market in recent years, it still achieved impressive sales figures.
According to statistics from the China Association of Automobile Manufacturers, from January to October 2013, SAIC-GM-Wuling’s cumulative sales exceeded 1.31 million, and it is expected to achieve an annual target of 1.5 million ahead of schedule.
At present, SAIC-GM-Wuling is still expanding its production capacity. The SAIC-GM-Wuling Baojun Base, which is newly built in Liuzhou Auto City in Guangxi, can annually produce 400,000 vehicles. According to an official report from the company, by 2015, its total capacity will reach 2 million vehicles.
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