GM RENEWS CHINA JOINT VENTURE WITH SAIC FOR 20 YEARS AFTER RESTRUCTURING

General Motors has renewed its joint venture with China's SAIC Motor Corp for another 20 years, enabling ‌the U.S. automaker to use China as an export hub amid rising competition from Chinese brands in and outside their home market.

The extension announced on Tuesday, following GM's lengthy restructuring in China that included plant closures and the elimination of some models, marks its response to growing pressure from Chinese automakers like BYD in China and major overseas markets.

Learn More