China now accounts for roughly 37% of General Motors’ global sales, making it the automaker’s single largest market in the world, Matt Tsien, president of General Motors China, said during a meeting with reporters at GM headquarters in Detroit.
Tsien said it is difficult to predict if that percentage will continue to grow in next several years. “You have to know what the rest of the world is going to do to answer that,” he said.
But GM expects the Chinese market to expand from the 25 million units sold last year to 30 million units in 2020. “That’s like adding a market the size of Australia every year for the next five years,” he said. (more…)