SAIC Motor and General Motors have renewed their long-standing joint venture agreement in China, extending the partnership behind SAIC-GM for another 20 years through 2047 as the companies accelerate their transition toward new energy vehicles (NEVs) and intelligent mobility.
The agreement was signed in Shanghai on August 5 during a ceremony attended by senior municipal officials, reaffirming the companies’ commitment to the Chinese automotive market amid rapid industry transformation.
Partnership Extended Through 2047
The renewed agreement builds on nearly three decades of cooperation since SAIC-GM was established in June 1997 as a 50:50 joint venture between SAIC Motor and General Motors.
The companies said the extension reflects their confidence in the long-term growth potential of China’s automotive market while providing a framework for deeper collaboration in technology development, manufacturing and international expansion.
Under the new agreement, both shareholders will strengthen cooperation in research and development, supply chain integration and global market resources to support the joint venture’s shift toward electrification and intelligent vehicle technologies.
More Than 30 NEV Models Planned
SAIC-GM plans to introduce at least 30 new energy vehicle models by 2030, significantly expanding the Buick and Cadillac product portfolios.
The joint venture aims to strengthen its position as the leading electrified joint-venture automaker in China while moving closer to the country’s mainstream domestic NEV brands.
The company has already established a comprehensive electrification strategy through its Xiaoyao super-integrated architecture, introduced in 2025.
The platform supports battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and extended-range electric vehicles (EREVs), with technology development led by the Pan Asia Technical Automotive Center.
SAIC-GM currently manufactures and sells vehicles under the Buick, Chevrolet and Cadillac brands.
Global Export Strategy Expands
The renewed partnership also places greater emphasis on international markets.
SAIC said exports of the Buick Electra L7 sedan will begin in October, making it the first premium new energy vehicle produced by SAIC-GM in China to be exported overseas.
The joint venture plans to continue expanding its presence across the Middle East, Africa, South America, Mexico and the Asia-Pacific region, leveraging the combined global resources of SAIC Motor and General Motors to support future growth.
The companies said the renewed agreement positions SAIC-GM to accelerate innovation while strengthening its competitiveness in both China’s rapidly evolving electric vehicle market and international markets.
