GM sales in China expected to be around 3.5m this year
Gasgoo.com -General Motors sold its three millionth vehicle of the year in China in November, theBeijing Morning Postreported today. By comparison, GM¡¯s three millionth vehicle of last year was made in December. GM Executive Vice President and GM China President Matt Tsien expects the manufacturer¡¯s Chinese sales this year to be around 3.5 million vehicles, accounting for 14.6 percent of the country¡¯s total vehicle sales.
Mr. Tsien remarked that GM¡¯s performance in the luxury automobile, SUV and minivan segments was very impressive. He added that the manufacturer¡¯s Chinese sales for 2018 are expected to reach 4.9 million vehicles, representing a market share of 16 percent. GM¡¯s total production capacity is expected to break the five million vehicle mark at that time. By 2018, GM is expected to have released over 60 brand new and updated models. A total of 19 models have already been released this year alone, including the hot-selling Chevrolet Trax (pictured), new generation Chevrolet Cruze, Cadillac ATS-L, Buick Enclave and new Buick GL8. Meanwhile, at last month¡¯s Guangzhou International Motor Show, GM-affiliated joint venture Shanghai GM announced that it would be the country¡¯s first JV to offer 4G LTE service, which will appear on a Cadillac model scheduled to debut next year.
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