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GM China Sales Top 2 Million

Despite market slowdown, maker heading for new record.

by on Oct.18, 2011

GM China President Kevin Wales.

General Motors has sold more than 2 million vehicles in China for the second year in a row – and despite the slight slowdown in the market – now the world’s largest – the U.S. maker appears set to post another yearly sales record.

The American auto giant reached the 2-million-unit-mark more than two weeks ahead of the date last year when it became the first global automaker to sell 2 million vehicles in China, GM reported

“This is another outstanding achievement for GM in the world’s largest vehicle market,” said Kevin Wale, president and managing director of the GM China Group. “Our key brands and many of our key products have continued to experience record demand despite intense competition.”

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GM’s SAIC-GM-Wuling joint venture, which is targeted at customers in smaller cities and rural China, sold its 1 millionth vehicle in China this year on Oct. 14. In addition, demand in China this year for the Buick brand has risen 24%, with Cadillac up 73% and Chevrolet posting an 18% increase.

China is now the second-largest global market for Chevrolet – which has been pressing hard to expand outside its traditional base in North and South America.  Sales surged 411% since the brand was introduced in China in 2005 – this year expecting to post another record after reaching 544,000 in 2010.

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GM Aiming for 5 Million Sales in China

Maker planning investment of up to $7 billion in bid to dominate booming market.

by on Apr.19, 2011

The Chevrolet Malibu gets its official launch in Shanghai.

General Motors plans to invest between $5 billion and $7 billion in a bid to double what are already record sales in the booming Chinese automotive market.

Last October, the maker became the first ever to top 2 million sales in China during a single year, ending 2010 with a grand total of 2.35 million.  But the carmaker’s top China hand says the goal is to pump that up to around 5 million units by 2015.

The new Chevrolet Malibu, getting its official launch at the 2011 Shanghai Motor, is one of the keys to GM’s planned growth.

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“We have set some aggressive goals with our five-year plan,” said GM China President and managing director Kevin Wale. “We are confident that we will achieve every one of our goals by providing local consumers great products and compelling designs relevant to the China market and by following our strategy of working in China, with China, and for China,” he said during the opening of the 2011 Shanghai show.

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