The SAIC-GM joint venture contract is about to expire, and both shareholders are actively communicating about future cooperation

The SAIC-GM joint venture contract will expire in 2027, and the two shareholders are actively communicating about the possibility of future cooperation. SAIC-GM General Manager Lu Xiao said that both shareholders highly recognized SAIC-GM's performance last year, especially in the past six months, when the company's sales began to pick up across the board. Data shows that in December 2024, SAIC-GM's monthly terminal sales reached 73,058 vehicles, a month-on-month increase of 9.4%, setting a new monthly sales record last year and achieving six consecutive months of growth.