General Motors and its joint ventures reported selling their 3 millionth vehicle in China in 2013. This is the first time in GM’s history in its largest market that it has reached the milestone in a calendar year.
GM and its joint ventures offer more than 40 different models under seven brands in China. Its products range from mini-cars to luxury sedans and from mini-commercial vehicles to light-duty trucks. Most of its vehicles sold in China are manufactured in China, and many are engineered and designed locally.
GM also offers a wide range of services tailored for the domestic market. Its Shanghai OnStar joint venture is the leading provider of safety, maintenance and telematics services in China, while its GMAC-SAIC joint venture is the automotive financing leader.
In order to keep up its momentum, GM’s joint ventures are investing about $11 billion in vehicles, facilities and people through 2016.