General Motors China

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Backgrounder                                  GM China

                         General Motors China

General Motors Company, one of the world's largest automakers, traces its
roots back to 1908. With its global headquarters in Detroit, GM does business
in some 120 countries. The General Motors-China relationship dates back
more than eight decades. GM China's vision is together with its partners, to be
the best automotive group in China.

GM has 11 joint ventures and two wholly owned foreign enterprises as well as
more than 35,000 employees in China. GM, along with its joint ventures,
offers the broadest lineup of vehicles and brands among automakers in
China. Products are sold under the Baojun, Buick, Cadillac, Chevrolet, Opel,
Wuling and Jiefang nameplates. In 2010, domestic sales of vehicles by GM
and its joint ventures jumped 28.8 percent on an annual basis to 2,351,610
units. It has been the sales leader among global automakers in China for six
consecutive years. In the first eight months of 2011, GM and its joint ventures
sold a record 1,652,693 vehicles in China. GM was the joint global automobile
partner of World Expo 2010 Shanghai along with SAIC.

GM (China) Investment Corp. is a wholly owned venture based in Shanghai.
It houses all of GM’s local staff and is an investor in GM’s vehicle joint
ventures in China.

Shanghai General Motors Co. Ltd. (Shanghai GM) is a joint venture
between GM and Shanghai Automotive Industry Corp. Group (SAIC), a
leading passenger car manufacturer in China. GM holds a 49 percent stake.
Shanghai GM was formed in June 1997. It is fully supported by a network of
sales, aftersales and parts centers. It builds imports and sells a
comprehensive range of Buick, Cadillac and Chevrolet products. In 2010,

Shanghai GM became China’s first passenger car maker to sell 1 million
vehicles in a single year. It ended 2010 with domestic sales of 1,033,307
vehicles. In the first eight months of 2011, it had domestic sales of 790,494
vehicles, which was a record for the period.

Pan Asia Technical Automotive Center (PATAC) is a 50-50 joint venture
between GM and SAIC. It provides automotive engineering services including
design, development, testing and validation of components and vehicles.
Among its achievements is the reengineering of the new Buick LaCrosse,
Cadillac SLS and other products for Shanghai GM.

SAIC-GM-Wuling Automobile Co. Ltd. (SAIC-GM-Wuling) is a joint venture
that was officially launched on November 18, 2002. SAIC has a 50.1 percent
stake, GM China a 44.0 percent stake and Wuling Motors a 5.9 percent stake.
SAIC-GM-Wuling is based in Liuzhou, Guangxi Zhuang Autonomous Region,
in southwestern China. It has a second manufacturing base in Qingdao,
Shandong. In 2010, SAIC-GM-Wuling announced the establishment of a new
passenger    vehicle   production    base      in   Liuzhou.   SAIC-GM-Wuling
manufactures a range of Wuling brand mini-trucks and minivans as well as
the Chevrolet Le Chi mini-car. The Baojun 630, the first model from SAIC-GM-
Wuling’s new Baojun passenger car brand, entered the market in August
2011. In 2010, SAIC-GM-Wuling’s domestic sales totaled 1,226,860 units. It
captured about 40 percent of China’s mini-commercial vehicle segment. The
Wuling Sunshine minivan has been the best-selling vehicle in China for eight
consecutive years. SAIC-GM-Wuling sold 822,227 vehicles in China in the
first eight months of 2011. It is China’s leading exporter of mini-vehicles. Its
products are sold in approximately 40 markets.

Shanghai GM (Shenyang) Norsom Motors Co. Ltd. is a joint venture
formerly known as Jinbei General Motors. Shanghai GM holds a 50 percent
stake and oversees management. GM China and SAIC each hold 25 percent
stakes in the facility, which is located in Shenyang, Liaoning. It manufactures
the Buick GL8 and FirstLand executive wagons and the Chevrolet Cruze
compact sedan.

Shanghai GM Dong Yue Motors Co. Ltd. is a joint venture manufacturing
facility situated in Yantai, Shandong. Shanghai GM holds a 50 percent stake
and oversees management. GM China and SAIC each hold 25 percent stakes
in the facility, which manufactures Chevrolet brand vehicles.

Shanghai GM Dong Yue Automotive Powertrain Co. Ltd. is a joint venture
located in Yantai, Shandong. Shanghai GM owns 50 percent and oversees
management. GM China and SAIC each own 25 percent. The facility supplies
powertrains to Shanghai GM.

GMAC-SAIC Automotive Finance Co., Ltd. became China’s first approved
and operational automotive financing company when it opened for business in
August 2004. The joint venture between Ally Financial Inc. (formerly GMAC
Inc.), Shanghai Automotive Group Finance Co. Ltd. (SAICFC) and Shanghai
GM was providing wholesale service to more than 620 Shanghai GM dealers
in more than 187 cities and retail credit service to 543 Shanghai GM dealers
in 197 cities across China at the end of 2010.

Shanghai OnStar Telematics Co. Ltd. is a Shanghai-based joint venture
that provides a range of in-vehicle safety, security and communication
services. Established in 2007, it began rolling out its services in December
2009, initially in vehicles manufactured and distributed in China by Shanghai
GM. GM subsidiary OnStar and SAIC subsidiary Shanghai Automotive
Industry Sales Co. Ltd. (SAISC) each own 40 percent of the joint venture.
Shanghai GM owns the remaining 20 percent. Shanghai OnStar currently has
about 400,000 subscribers, making it the leader in the Chinese telematics

FAW-GM Light Duty Commercial Vehicle Co. Ltd. is a 50-50 joint venture
between GM China and China FAW Group Corp. (FAW), one of China’s
leading automakers. It was launched on August 30, 2009 and is based in
Changchun, Jilin. It is focused on the production and sale of light-duty trucks
and vans. It will also engage in R&D, exports and aftersales support. The joint
venture includes FAW Harbin Light Duty Vehicle Co. Ltd. in Harbin,

Heilongjiang; FAW-GM’s Changchun plant in Changchun, Jilin; and FAW-GM
Hongta Yunnan Automobile Manufacturing Co. Ltd. in Qujing, Yunnan. FAW-
GM sold 88,224 vehicles in China in 2010. In the first eight months of 2011, it
had domestic sales of 37,191 vehicles.

General Motors SAIC Investment Ltd. is a 50-50 joint venture investment
company between GM and SAIC that is situated in Hong Kong. It is facilitating
GM and SAIC’s expansion efforts in India and other emerging markets.

Shanghai Chengxin Used Car Operation and Management Co., Ltd. is a
joint venture established by GM China, Shanghai GM and SAIC subsidiary
Shanghai Automotive Industry Sales Co. (SAISC) on October 28, 2010. GM
China and Shanghai GM both have stakes of 33 percent, with SAISC holding
the remaining 34 percent. The joint venture will cooperate with current
distributors of Shanghai GM products in the establishment of dedicated used
car sales and service facilities across China. The facilities will offer vehicles
from Shanghai GM’s Buick, Chevrolet and Cadillac brands as well as selected
brands from other automakers.

GM Warehousing and Trading (Shanghai) Co. Ltd. is located in Shanghai’s
Waigaoqiao Free Trade Zone. The wholly owned parts distribution center
(PDC) officially started operation in August 1999. It was established to ensure
the quick delivery of genuine GM parts to customers in mainland China. The
PDC features a fully computerized management and inventory control system
and stocks about 25,000 different parts.

ACDelco, the world’s leading aftermarket brand, operates a growing network
of 80 wholesale distributors and 380 ACDelco Service Centers in China. The
facilities, which stock genuine ACDelco parts, provide repair and maintenance
services for all makes and models of vehicles on China’s roads.

GM China Advanced Technical Center will serve as the home of the China
Science Lab, the Vehicle Engineering Lab, the Advanced Powertrain
Engineering Lab and the Advanced Design Center. It will mainly focus on

advanced propulsion system research, advanced powertrain and alternative
energy research, advanced battery technologies, advanced material research
(including lightweight and recyclable materials) and advanced design
concepts. It will develop solutions for GM on a domestic and global basis. It
will be part of GM’s global engineering and design network, and support GM’s
vision to design, build and sell the world’s best vehicles.


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