GM sales drop by 50%, seeks cooperation to reduce costs

According to internal sources, GM plans to adjust its business strategy in the Chinese mainland market and turn to high-end market models. The company's management said it was necessary to reverse the decline, saying that the mainland is a market that the company wants to "moderately participate in" and consider moving towards high-end development. Currently, GM is seeking to cooperate with other brands to reduce the production cost of electric vehicles and cope with competition from mainland manufacturers. It is understood that SAIC-GM's total investment in new technologies such as electrification and intelligent networking will reach 70 billion yuan by 2025.