General Motors (GM) is ending Chevrolet sales in China after nearly 21 years, according to a report cited by Automobilwoche. The automaker will continue building Chevrolets in the country through its joint venture GM-SAIC, but only for export markets.
The decision follows a dramatic decline in Chevrolet's China sales, which one source places at 700,000 units in 2014, while another cites it as over 767,000 — falling to less than 9,000 units last year, a drop of roughly 98.8% in little more than a decade.
Chevrolet's sales decline in China from 2014 to last year.
GM said it will “sharpen its focus on the Buick and Cadillac brands in China.”
GM-SAIC Partnership Continues
GM and SAIC recently extended their partnership for 20 years. The companies said the extension would allow them to “accelerate technological transformation, explore new growth opportunities, and deliver sustainable profitability.”
GM-SAIC also revealed plans to launch at least 30 new energy vehicles by 2030 and to “deploy more technology solutions developed in China for the Chinese market.”
Chevrolet's China lineup included the Blazer, Equinox, Malibu XL, Seeker (also known as Trax), Monza, Menlo EV, Equinox Plug-in Hybrid, and Tracker.
