General Motors extends joint venture with SAIC Motor in China for 20 years
General Motors and China's SAIC Motor have extended their decades-long joint venture through 2047, a year ahead of schedule. The 50-50 partnership, first established in 1997, has produced over 20 million vehicles and will now focus on domestic sales of Buick and Cadillac models while exporting products like Chevrolet models to non-U.S. markets. John Roth, President of GM China, stated that the extension reflects shared confidence in the long-term potential of the venture. The move comes after General Motors incurred a $1.1 billion restructuring charge last year to reorganize its China business and prepare for intense pricing competition from domestic Chinese automakers. Despite recent losses in 2024 and 2025, the automaker aims to launch more than 30 new hybrid and electric vehicles in China by 2030. The joint venture remains a critical component of the company's global strategy as China remains the world's largest auto market.