GM, SAIC to add SUV production line in Wuhan next year
General Motors plans to launch an SUV production line at its joint venture assembly plant in the central city of Wuhan during the first half of 2017, the Xinhua News Agency reported.
SAIC General Motors, a joint venture between China's SAIC and GM, launched production at the Wuhan plant last year. The new production line will build up to 360,000 vehicles a year, bringing the combined capacity to 600,000, Xinhua said, citing company sources.
The partnership said it has invested 7.5 billion yuan ($1.1 billion) for the new production line, the news agency reported. It will manufacture a new generation of the Chevrolet Equinox.
The plant generated revenue of nearly 23 billion yuan in the first nine months of this year, Xinhua said.
In March, GM China chief Matt Tsien told a press conference that the Wuhan plant was operating at maximum capacity, and a planned second phase is being added there that will double capacity.
He said that SUVs, multipurpose vehicles and luxury cars will continue to be hot product segments in China, with SUVs and MPVs accounting for 40 percent of the joint venture's overall sales growth through 2020.
The partnership said it has invested 7.5 billion yuan ($1.1 billion) for the new production line, the news agency reported. It will manufacture a new generation of the Chevrolet Equinox.
The plant generated revenue of nearly 23 billion yuan in the first nine months of this year, Xinhua said.
In March, GM China chief Matt Tsien told a press conference that the Wuhan plant was operating at maximum capacity, and a planned second phase is being added there that will double capacity.
He said that SUVs, multipurpose vehicles and luxury cars will continue to be hot product segments in China, with SUVs and MPVs accounting for 40 percent of the joint venture's overall sales growth through 2020.
