GM Extends Joint Venture for 20 Years with SAIC Motor

General Motors (GM) and SAIC Motor have confirmed a 20-year extension of their joint venture, originally established in 1997, which was set to end in 2024. The deal will focus on boosting domestic sales of Buick and Cadillac and exporting Chevrolet models built in China. GM's earnings from China dropped from approximately $2 billion annually in 2018 to consecutive losses in 2024 and 2025. As the largest global exporter of vehicles, China's market dynamics have shifted, pushing companies like GM to adapt, with the joint venture delivering over 20 million vehicles since its inception.