GM and SAIC Extend Joint Venture Partnership

SHANGHAI - General Motors and SAIC Motor today announced a 20-year extension of their joint venture partnership to 2047, reaffirming a forward-looking commitment to growing together in the world's largest auto market.

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 JV 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. This gives the company a distinctive competitive edge among joint ventures in responding quickly to China's fast-evolving consumer needs.

As China's auto market accelerates towards electrified intelligent vehicles, SAIC-GM will launch at least 30 new energy vehicles (NEVs) by 2030 and deploy more technology solutions developed in China for the Chinese market. It will sharpen its focus on the Buick and Cadillac brands in China.

Buick's premium NEV sub-brand ELECTRA, launched in 2025, and its underlying Xiao Yao super architecture - the first of its kind led by a Chinese team - have set a new benchmark of local technology development and deployment with global standards.

Within a year of launch, the growing ELECTRA lineup has expanded across sedan, SUV and MPV segments, offering choices of battery electric vehicle (BEV), plug-in hybrid vehicles (PHEV), and extended range electric vehicles (EREV). Its top-selling model E7 delivered over 10,000 units in its first month on the market, the fastest pace among NEVs from joint ventures in China.

The Buick ELECTRA E7 also represents SAIC-GM's growth opportunities beyond China. Drawing on China's innovation and speed, SAIC-GM will look to select global markets, with the E7 set to become its first premium NEV model to go overseas in October.