SAIC-GM-Wuling H1 mini-car sales up 16.5% y/y

Shanghai, August 6 (Gasgoo.com) SAIC-GM-Wuling sold more than 350,000 mini vehicles in the first half of 2008, up 16.5% year on year, said xinhuanet.com today.

The first-half sales of 350,000 vehicles, including nearly 330,000 Wuling brand mini-vehicles, representing 46% of the total mini vehicles sold in China from January to June and keeping SAIC GM Wuling as the country's mini-car sales champion in the period.

SAIC GM Wuling Automobile Co., Ltd., a three-partner joint venture carmaker in Liuzhou city of southern China's Guangxi province, is one of the leading mini vehicles manufacturers in China. It manufactures a range of Wuling brand mini-trucks and minivans as well as the Chevrolet Spark mini-car.

General Motors announced last week that its SAIC-GM-Wuling joint venture has begun exporting the Chevrolet N200 minivan from China to Peru.  The N200 will be sold in Peru through Chevrolet's local marketing and dealership network.

SAIC-GM-Wuling was established in 2002. GM China holds a 34% stake, SAIC 50.1% and Wuling Motors 15.9%. In 2007, SAIC-GM-Wuling sold 548,945 vehicles in China, as number one in sales among domestic mini-vehicle producers for the second straight year.