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SAIC-GM, the joint venture between SAIC Motor and the U.S. General Motors, continues to receive strong backing from its shareholders for its medium- and long-term strategic plans, according to the company’s general manager ahead of the agreement’s expiration.
During the 2026 dealer partner summit, Lu Xiao announced that shareholders have approved a series of follow-up investment initiatives. The focus remains on the Buick and Cadillac brands, with plans to increase resource investment and support the swift introduction of competitive products and technologies, aiming for high-quality and sustainable growth.
Established in June 1997 with each party holding a 50% stake, the venture saw sales grow by 23% last year to 535,000 units, up from 2024. In the first two months of this year, sales increased by 9.4%, reaching 71,284 vehicles compared to the same period last year.
Lu Xiao emphasized that the company’s identity has shifted beyond that of a traditional joint venture, describing it as a startup team with a leaner structure. He stated, “Our goal for the next three years is to re-establish ourselves as a leading player in the industry,” positioning SAIC-GM to regain its prominence.
The company’s three-year strategic plan details a focus on sustained profitability, local R&D efforts, rapid technology and product development, and gradual expansion of exports. Over the next three years, the venture plans to introduce more than 10 new and updated models annually, with a significant push toward electric vehicle offerings, while also maintaining growth in the traditional fuel vehicle market. It intends to keep its position at the top of multi-purpose vehicle sales, with investments in MPV models projected to surpass CNY 10 billion (approximately USD 1.4 billion).
Upcoming releases include Cadillac’s full-size all-electric SUV, VisitQ, expected at the end of April, and Buick’s Electra E7 mid-year. Traditional fuel vehicle models will adopt localized electronic architectures to enhance intelligent features across the lineup.
Amid growing market share for Chinese automakers, SAIC-GM and other legacy joint ventures have faced weaker demand in recent years. Since Lu assumed leadership in August 2024, the company has implemented comprehensive strategic adjustments, which have quickly delivered positive results.
Notably, SAIC-GM has reported five consecutive profitable quarters, improved dealer profitability, and opened 78 new dealership locations last year, according to data from the company.
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