Shanghai, June 11 (Gasgoo.com) SAIC-GM-Wuling's all-new passenger car brand will be released soon. At the same time, The three-way joint venture has started its plans to expand the capacity of its two bases: in Liuzhou and Qingdao. They will sell a car every five seconds.
According to the plan, in the second half of 2012, its base in Liuzhou will increase its production capacity from 590,000 units to 800,000 units. In addition, the Qingdao-based phase II capacity expansion project will soon start and its final production capacity will rise from the current 300,000 to 510,000 units.
SAIC-GM-Wuling Automobile Co., General Motors' mini commercial vehicle joint venture in China with SAIC Motor and Liuzhou Wuling Automobile, sold 105,395 vehicles in May, up 5.2% from a year earlier. Sales in the first five months grew 33% year on year to 545,400 vehicles.
In 2009, SAIC-GM-Wuling, as the leader in China's mini-vehicle market, worked a miracle of selling 1.06 million units, up 66.68% year on year, which makes it become the first single auto company with an annual sales of more than 1 million.
SAIC-GM-Wuling plans to launch a new self-developed sedan in the third quarter of this year and officially put it into production at the end of 2010. Early media reports said the mid-size GP50 is based on the prototype of GM's Excelle model.
