SAIC-GM-Wuling grabs 43 percent of China’s mini-vehicle market

Shanghai. January 17 (Gasgoo.com) – SAIC-GM-Wuling, a leading manufacturer of mini-vehicles, sold 552,788 vehicles in 2007, up 20 percent from one year earlier and the automaker plans to sell 620,000 mini-vehicles in 2008, senior company official said.

 

The three-way automaker has taken 43 percent of China’s mini-vehicle market by 2007, while it held only 37 percent of the market one year earlier, Shen Yang, general manager of SAIC-GM-Wuling told a dealership conference.  

 

Prior to 2005, China’s mini-vehicle market was led by Changan Motor and followed by three challengers, SAIC-GM-Wuling, Hafei and Changhe.

 

SAIC-GM-Wuling builds and sells both commercial vehicles and passenger vehicles, including Wuling brand minivans, Wuling brand mini-trucks and the Chevrolet Spark mini-car.

 

 

SAIC-GM-Wuling was founded in June 2002 by GM China, Shanghai Automotive Industry Corp. Group (SAIC) and Liuzhou Wuling Automotive Co., Ltd. (Wuling Automotive). SAIC has a 50.1 percent stake, GM China a 34 percent stake and Wuling Automotive a 15.9 percent stake. SAIC-GM-Wuling is based in Liuzhou, Guangxi Zhuang Autonomous Region, in southwestern China.