Final yr, General Motors offered some 2.9 million automobiles in China, which sadly for the corporate is a number of p.c lower than in 2019 (3.09 million) and 28% much less in comparison with 2017 (4.04 million).
The nice factor is that the gross sales of New Vitality Automobiles (NEVs) – all-electric and plug-in hybrids – have quadrupled year-over-year in 2020, though GM doesn’t reveal the precise quantity.
Throughout the subsequent 5 years (2021-2025), greater than 40% of latest mannequin launches willo be NEVs, which signifies that additionally the amount ought to progressively drift extra in the direction of 40% we guess.
We do not know precise numbers, nevertheless it’s not a thriller that the best-selling NEVs within the GM’s portfolio in China have been truly the tiny Wuling (Hong Guang MINI EV) and Baojun (E300 and E300 PLUS) fashions, produced by the three way partnership between SAIC, GM and Liuzhou Wuling Motors.
The Hong Guang MINI EV famous over 117,000 gross sales in 2020 in simply a number of months since its launch in July 2020.
Different fashions are: