General Motors (GM) and China's SAIC Motor have extended their joint venture in China for 20 years. The 50-50 partnership is set to continue until 2047.
The original agreement between the two companies was established in 1997 for a period of 30 years.
Under the extended arrangement, the venture will focus on the domestic sale of Buick and Cadillac models within China. The partnership will also target the export of Chevrolet products manufactured in China to markets outside the United States.
We are committed to strong performance in the China market.
John Roth noted that the company sees opportunities to compete in international markets including the Middle East, Africa, South America, Mexico, and the Asia-Pacific region.
Market performance and financials
China served as the top sales market for General Motors between 2010 and 2023. Since the joint venture was established, it has produced and delivered more than 20 million vehicles.
Annual earnings from China for General Motors dropped from approximately $2 billion in 2018 to two consecutive years of losses in 2024 and 2025.
GM equity income reported through the first six months of this year.
Last year, General Motors incurred $1.1 billion in special charges following restructuring actions. The company declined to provide financial details regarding the extension of the joint venture.
