Chevrolet Plans to Exit China Sales as GM SAIC JV Extends to 2047
After 21 years selling vehicles in China, Chevrolet plans to leave the market as sales have dropped and the brand has become uncompetitive. The company will still build cars in China and focus on exporting instead. The move comes alongside a strategic renewal between GM and SAIC Motor extending their joint venture for 20 years to 2047, with plans for at least 30 NEV models by 2030 targeting Cadillac and Buick electrification.