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GM opens new plant in China



Published: Tue, November 20, 2012 @ 12:00 a.m.

Associated Press

HONG KONG

General Motors Co. and its local Chinese partners have launched a second plant to make cars for its local discount brand Baojun, ratcheting up the battle for customers at the fast-growing lower end of the world’s biggest auto market.

The SAIC-GM-Wuling joint venture opened the factory Sunday in southwestern Guangxi province. GM and its partners have invested $1.3 billion in the facility, which will be capable of turning out up to 400,000 vehicles a year.

The joint venture also is building a powertrain factory at the plant that will be able to produce up to 400,000 engines annually. It’s scheduled to open in September 2013.

The first car to roll off the plant’s production line was a Baojun 630 midsize sedan, one of two cars sold under the only-in-China badge. The 630 sells for about $10,100, while the Le Chi mini car goes for about $6,400.

China surpassed the United States as the world’s biggest auto market by vehicles sold in 2009, but slowing sales growth has prompted global automakers to look for new ways to tap the faster-growing low end of the Chinese market in smaller cities and the countryside.


Comments

1rickking123(312 comments)posted 2 years ago

Island Mike
Island Mike
Bueller........

GM is alive and investing in China.

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2redeye1(4635 comments)posted 2 years ago

Hey LORDSTOWN, The END is nearer then you think! I figure two, maybe three years before you are closed .

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3AnotherAverageCitizen(1175 comments)posted 2 years ago

GM will build cars in China and sell the cars in China.

Honda invested money in the USA, and builds cars in the USA, to be sold here,

GM is alive. We should be proud and thankful that it is still ALIVE.

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4redeye1(4635 comments)posted 2 years ago

ACC The Honda plant in Marysville Ohio is a NON-UNION shop. Just like the rest of the foreign car makers in the USA. Thats the difference!

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5georgejeanie(871 comments)posted 2 years ago

Trouble is Government Motors used US taxpayer money to buiild this plant. Do you really think that China will not try to export automobiles to the US and other markets? They sure do not have a problem exporting everything else.

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6ytownredux(117 comments)posted 2 years ago

And unlike most companies georgejeanie, GM brings the money it earns back to the US and is willing to pay taxes on it, instead of keeping Trillions overseas so the profits will only be in the 100's of millions instead of the 10's of millions, poor, poor 1%.

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7redeye1(4635 comments)posted 2 years ago

ytownredux Now where did you hear this BS? From your union boys? Gov't motors is already looking at investing in other new plants in ASIA Not the US! So GM could shut down Lordstown any time they want.after they establish those plants. don't you think! GM doesn't pay taxes to the U.S.from any of its foreign plants now.

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