General Motors opened a new Cadillac plant in China to build the CT6 luxury sedan for the Chinese market. It also announced an increase of only 0.2 percent in global sales.
General Motors opened on Thursday a new Cadillac plant at its SAIC-GM joint venture in Shanghai, sickness China, mind starting the production of the CT6 luxury sedan. The new facility will support the growth of the Cadillac luxury brand in China while strengthening GM’s overall industry position, the automaker said. “This is another major milestone for Cadillac in its second-largest market,” GM Executive Vice President and President of GM China Matt Tsien said. “Local production will enable us to satisfy growing demand for luxury vehicles through the introduction of more Cadillac models built in and for China.” The 477,000-square-meter plant has been built after a 1.22-billion-dollar investment and it has a planned annual capacity of 160,000 units. The facility includes a body shop, a paint shop, a general assembly shop, a high-speed test track and auxiliary facilities.
In a separate statement, GM announced that its global sales totaled 9.84 million vehicles in 2015, up 0.2 percent for the company’s third consecutive year of record sales. Deliveries in North America rose 6 percent last year to 3.6 million cars, trucks and crossovers. In China, the automaker and its joint ventures delivered a record 3.6 million vehicles, up 5.2 percent compared to 2014. Their lineup expanded through the introduction of 12 new and refreshed models. SUV deliveries were up 144 percent, led by new models such as the Buick Envision and Baojun 560. China was the company’s biggest market, but with a merely 183 cars advance in front of the North America one.
The Detroit-based company remains the third largest automaker in the world after Volkswagen AG which reported sales of 9.93 million units for 2015. Toyota, which has not yet released its annual figures for 2015, is expected to retain its global auto sales crown and to top 10 million units.