GM targets 500 000 EV sales in China in 2025
- The GM group is very active in the Chinese market, which represents 40% of its global sales (compared with 30% for the USA) and has become its first market. GM is second in China (16% market share in the first 8 months of 2017), behind the Volkswagen group (17% market share in the first 8 months of 2017).
- GM has five brands in China: Buick (5.0% SOM), Wuling (3.9% SOM), Baojun (3.7% SOM), Chevrolet (2.2% SOM) and Cadillac 0.7% SOM). Of these five brands, two are strong (Cadillac + 88% and Baojun + 32%), two are stable (Buick and Chevrolet) and one is significantly down (Wuling -18.5%).
- GM's strategy in China is now to develop a whole range of electric vehicles to sell locally, thus meeting the Chinese government's demand to promote the massive development of electric vehicles in all manufacturers producing in China.
- In this perspective, GM, in partnership with SAIC, which manufactures GM vehicles in China, will design and launch several electric and hybrid rechargeable vehicles over the period 2020-2025.
- The goal of GM is to sell 150,000 vehicles of this type in 2020 and 500,000 in 2025. The VW Group, meanwhile, aims to sell 400,000 vehicles of this type in 2020 and 1,500,000 in 2025.
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