The GM joint venture, known officially as SGMW and locally as Wuling, sold 15,000 Mini EVs in the first 20 days of going on sale, the joint venture announced. Chinese regulators have fined the U.S. automaker's local joint venture the equivalent of $29 million, saying it broke antitrust rules. General Motors’ China Joint Venture to Invest $4.3 Billion in Electric Cars By Liu Yukun and Mo Yelin A visitor checks out SAIC Motor's booth at an auto show in Guangzhou, South China's Guangdong province, in November 2018. General Motors and Chinese Joint Ventures Just a few years ago, the global marketplace was not kind protection, GM saw its U.S. market share slip from 44 to to General Motors Corporation (GM), but the company just 19 percent. Tsien joined General Motors Global Engineering in 2005 as executive director of Global Technology Engineering. SGMW is a joint venture established by two local carmakers and General Motors China. The GM joint venture, known officially as SGMW and locally as Wuling, sold 15,000 Mini EVs in the first 20 days of going on sale, the joint venture announced. For years they have lived in China’s regulatory shadows, not considered true cars but also significantly larger and faster than motorcycles or other motorized vehicles like scooters or mini delivery trucks.Now the type of vehicle known to industry people as the “quadricycle” is getting a major boost of validation in the world’s largest auto market with the recent launch of a model from one of U.S. giant General Motors Co.’s local joint ventures. Photo: IC Photo,Saturday Long Read: Four Things to Know About the Comprehensive China-EU Investment Agreement,Cover Story: A Year On, a Quieter Outbreak Still Sickens Thousands in Northwest China,Major Chipmakers Seek U.S. Approval to Supply Huawei,In Depth: China Chip Sector Has the Money, Now It Just Needs the Workers,Video: A Quiet Outbreak Sickens 3,000 in Northwest China,Update: TikTok to Partner With Oracle, Walmart as Microsoft Deal Collapses,Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow,Get exposure for your startup at RISE 2020,CreditEase’s Tang Ning: China’s Wealth Management Market is Undergoing Five Major Shifts,Meet 5 of the best startups selected to represent China at the largest technology event in Asia. The more compact, lower-priced category of vehicles is already popular in China, especially in less affluent rural areas, despite operating in a gray area that lacks formal government recognition.The GM joint venture, known officially as SGMW and locally as Wuling, sold 15,000 Mini EVs in the first 20 days of going on sale, the joint venture announced.The model is typical for cars from the class, which usually sell for between 10,000 yuan ($1,442) and 30,000 yuan and can travel at speeds up to 70 kph (43 mph). Find the latest news about GM automotive innovations, investor relations and more. GAC's Aion ranked third with sales of 4,100 EVs, followed by ORA R1 from Great Wall Motors … He was a member of the joint venture’s Executive Committee and managed the company’s Purchasing and Supply Chain … A micro electric vehicle (EV) by General Motors' local Chinese joint venture becomes the most sold EV model in China, with 15,000 cars sold in China … Its potential to become a breakaway success comes as no surprise, said Gu Zhihong, vice president of rival mini-vehicle maker Fulu Group.“Like QQ and Alto before it, the Mini EV will become a means of transportation for many lower-tier cities and villages, the first car for young people or the second car for families,” he said, referencing two earlier mini-cars that also enjoyed strong demand.Beijing has aggressively promoted new energy vehicles over the last decade, in an effort to clean up the country’s polluted air and develop technologies that can be exported. The model is typical for cars from the class, which usually sell for between 10,000 yuan ($1,442) and 30,000 yuan and can travel at speeds up to 70 kph (43 mph). CPCA uses a different counting method than Tesla’s official deliveries. In that regard, SGMW’s Mini EV launch could be a ground-breaking step that others could soon follow, they added.If the GM joint venture is any indicator, demand for the vehicle type is strong. Reporting by Yilei Sun and Brenda Goh; Editing by Christopher Cushing SGMW says it has already received orders for nearly 50,000.
The proportion is expected to rise incrementally over the next few years as the country weans itself off gas-guzzling cars.That quota policy has led to global automakers recalibrating their operations. The main local joint ventures of Nissan Motor Co Ltd and General Motors Co , however, saw sales slide last month. Last month, General Motors announced a plan to introduce more than 20 new and refreshed models in China in 2019 to “maintain its growth momentum in the world’s largest vehicle market” and pump EVs into what is probably the most electric-friendly region on the planet. The company manufactures and sells Chevrolet, Buick, and Cadillac vehicles.

See,BEIJING (Reuters) - A micro electric vehicle (EV) by General Motors',local Chinese joint venture becomes the most sold EV model in China, with 15,000 cars sold in China last month, followed by Tesla Inc's.11,800 Model 3 sedans, industry data showed.The model, the Hongguang MINI EV, is a two-door micro electric vehicle launched by the joint venture between GM, SAIC Motor Corp. General Motors’ Chinese joint venture said it will invest 30 billion yuan ($4.3 billion) in electric vehicles over the next five years, becoming the latest global automaker to expand its China new-energy vehicle business.China is currently the world’s largest electric-car maker, accounting for more than half of the world’s total sales. FAW-GM Light Duty Commercial Vehicle (FAW-GM) is a commercial vehicle manufacturing company headquartered in Changchun, China, and a 50:50 joint venture between FAW Group and General Motors.It was founded in 2009 and its activities include the Harbin Light Vehicle factory and FAW Hongta Yunnan Automobile Co Ltd.