GM and SAIC extend China joint venture by 20 years to 2047

General Motors and SAIC Motor have renewed their China joint venture for another 20 years, extending the partnership to 2047 and reinforcing both groups' commitment to the Chinese market as SAIC-GM accelerates its shift toward intelligent electric vehicles, local product development and overseas expansion. The venture, launched in 1997, is approaching 30 years in operation. GM Senior Vice President and President of GM China John Roth said at the signing ceremony that the agreement reflects both sides' confidence in SAIC-GM and its long-term growth potential, adding that success in China will require speed, customer focus and disciplined execution as technology advances and competition intensifies. SAIC-GM said it has manufactured and delivered more than 20 million vehicles and built end-to-end vehicle development capabilities. In 2025, the company accelerated cooperation around the Xiaoyao super integration architecture developed under the leadership of its Chinese team and Buick's premium new-energy sub-brand, Electra. Under current plans, the Buick Electra E7 will enter overseas markets in October this year, becoming SAIC-GM's first premium new-energy vehicle to be exported globally. The company said it will launch at least 30 new-energy vehicles by 2030 and further expand the EV portfolios of Buick and Cadillac. Roth said SAIC-GM's engineering, manufacturing and quality capabilities in China could be applied in select international markets including the Middle East, Africa, South America, Mexico and Asia-Pacific. Analysts cited in the report said the extension signals GM's long-term commitment to China at a time when the country's auto market is increasingly central to electric-vehicle innovation and industrial competitiveness. Data cited in the report showed China accounted for 31% of global auto sales from January to June 2026, while its share of the global new-energy vehicle market reached around 60%.