The renewed contract marks a new chapter for SAIC-GM, which has been a leading force in China’s automotive industry since 1997, positioning the joint venture to accelerate technological transformation, explore new growth opportunities, and deliver sustainable profitability.

“Today’s agreement reflects our shared confidence in SAIC-GM and its long-term growth potential,” said John Roth, GM Senior Vice President and President of GM China. “We are committed to strong performance in the China market, and we see meaningful opportunities to compete in select international markets: the Middle East, Africa, South America, Mexico and Asia-Pacific.”

Having manufactured and delivered more than 20 million vehicles and established end-to-end vehicle development capabilities early on, SAIC-GM is building on its momentum with a growing portfolio of products defined and developed locally.

As the Chinese auto market accelerates towards electrified intelligent vehicles, SAIC-GM will launch at least 30 new energy vehicles (NEVs) there by 2030 and deploy more technology solutions developed in China for the Chinese and other global markets.