"General Motors and SAIC Motor Corp. Extend Partnership in China for Two Decades. In a significant move, General Motors has agreed to extend its contract with SAIC Motor Corp. by 20 years, solidifying its presence in the Chinese market until 2047. The extension comes after the two companies completed a major overhaul of their passenger-vehicle partnership, marking a significant step in their long-term collaboration. With this deal, General Motors cements its position as a major player in the world's largest automotive market, where SAIC-GM, their joint venture, has been a key contributor to the company's growth."
General Motors signed a deal with SAIC Motor Corp. Aug. 5 to extend the contract for SAIC-GM by 20 years to 2047 after completing revamp of the passenger-vehicle partnership with the major Chinese ...
