GM China August Sales Rise at Fastest Pace in Six MonthsBloomberg News
General Motors Co., which counts China as its largest market, posted sales in August that expanded at the fastest pace in six months as demand for its Wuling vehicles climbed.
The automaker’s deliveries in the nation rose 14 percent to 280,178 units, the Detroit-based company said in a statement on its website. Sales gained 11 percent in the first eight months to 2.26 million vehicles.
GM has accelerated introduction of new products and is raising production capacity to compete with Volkswagen AG for the top foreign automaker’s position in China. GM expanded its manufacturing plant in the the city of Shenyang to produce the best-selling Chevrolet Cruze sedan and began sales of a midsize sport utility vehicle under the Buick brand last month.
Deliveries of Buick vehicles rose 3.4 percent last month from a year earlier, while Chevrolet sales climbed 6.8 percent. Cadillac, GM’s premium marque, posted a 37 percent surge.
Sales of the Wuling brand, about half of GM’s China total, gained 18 percent.
GM’s production capacity in China will be 65 percent higher by 2020 to cater to rising demand, Matt Tsien, the carmaker’s country head, said in April at the Beijing auto show.
The company is introducing more than 60 new or refreshed models by the end of 2018, with 11 SUV introductions as part of the lineup over the next five years, he said at the time.
— With assistance by Alexandra Ho