SAIC-GM-Wuling (SGMW) has sold 1 million vehicles in China in 2012. The joint venture has already accomplished the feat four years in a row, but this year it reached the milestone faster than ever before; in 2011, for instance, it sold a million vehicles in October.
Through August of 2012, SGMW sold an average of 3,500 vehicles per day, a 15.2 percent increase from the same time period a year ago. In addition, domestic sales of Wuling mini commercial vehicles in 2012 have exceeded 934,000 units, giving the brand about a 50 percent segment share.
The joint venture, which offers mini commercial vehicles under the Wuling brand and passenger cars under the Baojun brand, was established in 2002 between GM China, SAIC, and Wuling Motors. It introduced its mainstream Wuling Hong Guang model in 2010, with the model already having sold over 400,000 units in China. It also launched a freshened Rong Guang minivan (pictured) in July of 2012.
Meanwhile, the Baojun brand was launched with the 630 sedan, with more engines and transmission options becoming available this year. In August, the Lechi mini car, which was previously sold as a Chevrolet, was transferred to the Baojun lineup. SGMW is planning to commence production at its Liudong-based factory on November 18th. The passenger car facility will increase SGMW’s annual manufacturing capacity by 400,000 units.