·China became the world's largest market for GM's new energy vehicle strategy

GM recently held a press conference in Beijing and announced its five-year plan for China in the future. Between 2016 and 2020, GM will launch more than 60 new and redesigned models in China, of which SUV and MPV will account for 40%. At the same time, new energy vehicles have become the strategic focus of GM in China. More than 10 new energy vehicles will be launched in the next five years, covering Chevrolet, Buick, Cadillac and Baojun brands.
China has become GM's largest market in the world, accounting for more than one-third of its global sales. In 2015, GM and joint ventures sold 3.61 million vehicles in China, a year-on-year increase of 5.2%. Among them, the annual sales volume of SAIC-GM-Wuling Automobile exceeded 2 million units, and the Buick brand's annual sales exceeded 1 million units.
Qian Huikang, president of GM China, expects that by 2020, China's auto market will increase by more than 5 million units, reaching an annual sales volume of 30 million units, equivalent to an average annual growth rate of about 3%-5%. Australian market. The total size of the three major segments of SUV, MPV and luxury cars is expected to expand to 4.2 million units, accounting for 80% of the overall automotive market expansion capacity. Last year, GM sold nearly 10 million vehicles worldwide, and set an annual sales record for three consecutive years. The global sales figure is 500 million units.

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