BUSINESS GM delivers 2.9m vehicles in China in 2020

BUSINESS

GM delivers 2.9m vehicles in China in 2020

Xinhua

11:35, January 07, 2021

Buick's new GL8 of GM is displayed during the media day for the Shanghai auto show. (Photo: Agencies)

SHANGHAI - General Motors (GM) and its joint ventures delivered 2.9 million vehicles in China in 2020, with a year-on-year sales increase of 14.1 percent in the fourth quarter, GM China said on Wednesday.

Although the COVID-19 epidemic impacted sales in the first quarter of 2020, they started to recover in the second quarter. Deliveries then posted a strong rebound in the second half, especially for SUVs, MPVs, and luxury vehicles, the company said.

Last year, GM's Cadillac sales hit a record high of over 230,000 vehicles, increasing by 7.9 percent year-on-year. Chevrolet delivered nearly 291,000 automobiles, and Buick and Wuling sales increased by 4.1 percent and 8.8 percent, respectively, in 2020.

"We expect China's vehicle market to continue growing in the long term and have a positive outlook on 2021," said Julian Blissett, GM executive vice president and president of GM China.

The company announced that more than 40 percent of its new launches in China would be new energy vehicles in the next five years.

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