SAIC-GM – General Motors’ primary joint venture in China responsible for the Chevrolet, Buick, and Cadillac brands – has just announced plans to open 54 new dealerships, expanding its already-extensive sales network in China.
SAIC-GM announced that it has signed a contract with investors from major dealer groups across the country to add 54 new authorized locations. The new locations will strengthen SAIC-GM’s presence in the Chinese territory and reflect dealer partners’ confidence in the company’s restructuring plan.
Spanning a total of 40 cities in 18 provinces, municipalities and autonomous regions across China, the 54 new dealerships will have state-of-the-art design. According to the company, a quarter of the dealerships signed for this round are new hires.
While SAIC-GM has revealed only the overall amount of new dealerships and has not yet specified how that number will break out by brand, official images included with the announcement show specific Cadillac and Buick stores – which would seemingly leave Chevrolet out of this expansion. In fact, the Bow Tie brand is not mentioned even once in the press release, with only its logo appearing on the corporate letterhead.
In any case, SAIC-GM says that the addition of the new locations fully demonstrates the partners’ continued optimism about the joint venture’s strength and development prospects in the Chinese market. At the same time, the development also underlines GM’s commitment to working with dealers to improve the level of profitability and distribution within the context of intensified competition in the Chinese market.
The announcement comes on the heels of five consecutive monthly sales gains for SAIC-GM. In addition to the healthy sales performance of recent models like the all-new Buick GL8 PHEV and Cadillac XT5, new products will be added in 2025 that will seek to strengthen the automaker’s local positioning.
Comments
In bed with the enemy!
China is your enemy? It’s global business and trade and china is doing really well by not starting conflicts around the world and not creating enemies. Only a certain subset of the global population thinks like you do.
not an American company at heart. should leave detroit and move somewhere, anywhere in china.
I have been a GM customer all of my life and a Cadillac customer since 2008. It’s sad to see Cadillac buying out and closing dealerships and not updating their ICE offerings and not offering a V6 or a V8 as options in the USA…!?!
Please don’t forget that those Chinese buyers are helping to pay many stateside GM pensions.