The GM China Group says its-GM-Wuling Automobile Co. Ltd. mini-commercial vehicle joint venture has become the first auto maker to sell 1 million vehicles in a single calendar year in China.
-GM-Wulingâ€™s sales are up 60% year-over-year, thanks mostly to government incentives being offered to purchasers of that vehicle class.
The Wuling Sunshine minivan set a national record by becoming the first model in China to achieve sales of more than 500,000 units.
â€śOne of the primary reasons for our record sales is the Chinese government stimulus policy, which is encouraging rural residents to upgrade from farm vehicles to more efficient minivehicles,â€ť Yang Jie, general manager of SAIC-GM-Wuling Sales Co., says in a statement.
The JV will participate in the planned GM- Shanghai Automotive Industries Corp. JV operation in India that will produce SAIC-GM-Wuling vehicles for sale in that burgeoning market.
SAIC-GM-Wuling was launched in 2002, with the GM China Group holding a 34% stake, SAIC holding 50.1% and Wuling Automobile Co. Ltd. holding 15.9%.
In addition to minivans and minitrucks, the JV produces the Chevrolet Spark. It operates plants in Liuzhou, in the Guangxi Zhuang Autonomous Region and in Qingdao, Shandong.