GM plans to build four new plants in China by 2015, according to Nanfang Daily newspaper.
GM recently announced that it has a new development strategy, including increasing total annual production in the Chinese market to 5 million units by 2015. Moreover, to strengthen its presence in the region the automaker will boost the number of exported vehicles from China to other markets, aiming at making the country one of its key manufacturing regions worldwide.
During the first quarter GM’s year-on-year sales in China increased 9.6% and the automaker plans to sell more than 1 million vehicles by the end of this year, with the help of its partners. GM and its JVs in China plan to introduce 17 new and updated models this year, focusing mainly on SUVs and luxury vehicles. In the following 5 years, GM plans to introduce 9 new or updated SUV models.
Bob Socia, president of GM’s marketing operations in China, India and the Middle East, said that this year the number of exports will reach a record number, between 100,000 and 130,000 units. During the first quarter GM exported 25,000 vehicles manufactured in China and the number is expected to reach 300,000 units by 2020.