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General Motors Chairman and Chief Executive Officer Wagner said in an interview with reporters in Shanghai on the 30th, “Although the recent overall growth in China’s auto market has slowed down, GM continues to maintain a very long-term future for the Chinese auto industry. Optimism and confidence.†Wagner came to China to attend the 16th Shanghai Mayor International Entrepreneurship Consultation Conference. He is the chairman of this session. At the same time, he also signed a memorandum of understanding on the cooperation between SAIC Motor Corporation and General Motors clean energy vehicle project. Wagner said that in June of this year, we announced that we will increase investment in China in the next few years by about 3 billion U.S. dollars, further increase our production capacity in China, further expand our product lines, powertrains, and product varieties, and at the same time increase Our local engineering design and R&D capabilities in China. He emphasized that the signing of the Memorandum of Understanding on Clean Energy Vehicle Project Cooperation will further expand our cooperation to the new technological areas in the future, once again attesting to GM’s confidence and commitment to the long-term and stable development of the Chinese auto industry, and general The continuous promotion of localization by the automobile has fostered the commitment of local research and development capabilities. Wagner repeatedly emphasized that although the short-term performance of China's auto market is ups and downs, the auto industry is a long-term development industry. GM’s long-term commitment and confidence in the Chinese market remain unchanged. We are still very aggressive in expanding us. The development of business in China is also very confident that the market will resume its strong momentum of development in the near future. And I hope that by that time, General Motors will be able to fully prepare for and take full advantage of this market's good momentum of recovery. Wagner said that when he came to Shanghai this time, he would learn about the status of GM's operations in China and meet with local strategic partner SAIC leaders. He mentioned that a decision that was announced in China in June this year was to relocate the Asia Pacific headquarters to Shanghai because China is crucial to the development of GM globally. This will make full use of the development opportunities here and further promote GM. Development in the Chinese market. He said that the focus of this year's development of GM in China is to further develop a good partnership with SAIC, including two major joint ventures Shanghai GM, and a very outstanding engineering and design company Pan Asia Automotive Technology Center. This year, GM and SAIC launched three new joint ventures, while the product line is not continuously expanding. He said: “I would like to emphasize here that although China’s overall automobile sales growth has slowed down this year, our sales in China continue to grow. Although the overall sales growth of the Chinese automobile market has recently slowed down, However, General Motors remains very optimistic about the long-term development of the Chinese auto industry and has full confidence.†General Motors Vice President, General Motors Asia Pacific President and Zhuo Yikai also said, “I think the basic support for the long-term development of the Chinese auto market No changes have been made and our investment plan is still going smoothly in our plan. We hope that through this continuous investment, we will continue to play a very active and important role in the long-term development of the Chinese market." Reports
General Motors Chairman: Still optimistic about the long-term development of China's auto industry
General Motors Chairman and Chief Executive Officer Wagner said in an interview with reporters in Shanghai on the 30th, “Although the recent overall growth in China’s auto market has slowed down, GM continues to maintain a very long-term future for the Chinese auto industry. Optimism and confidence.†Wagner came to China to attend the 16th Shanghai Mayor International Entrepreneurship Consultation Conference. He is the chairman of this session. At the same time, he also signed a memorandum of understanding on the cooperation between SAIC Motor Corporation and General Motors clean energy vehicle project. Wagner said that in June of this year, we announced that we will increase investment in China in the next few years by about 3 billion U.S. dollars, further increase our production capacity in China, further expand our product lines, powertrains, and product varieties, and at the same time increase Our local engineering design and R&D capabilities in China. He emphasized that the signing of the Memorandum of Understanding on Clean Energy Vehicle Project Cooperation will further expand our cooperation to the new technological areas in the future, once again attesting to GM’s confidence and commitment to the long-term and stable development of the Chinese auto industry, and general The continuous promotion of localization by the automobile has fostered the commitment of local research and development capabilities. Wagner repeatedly emphasized that although the short-term performance of China's auto market is ups and downs, the auto industry is a long-term development industry. GM’s long-term commitment and confidence in the Chinese market remain unchanged. We are still very aggressive in expanding us. The development of business in China is also very confident that the market will resume its strong momentum of development in the near future. And I hope that by that time, General Motors will be able to fully prepare for and take full advantage of this market's good momentum of recovery. Wagner said that when he came to Shanghai this time, he would learn about the status of GM's operations in China and meet with local strategic partner SAIC leaders. He mentioned that a decision that was announced in China in June this year was to relocate the Asia Pacific headquarters to Shanghai because China is crucial to the development of GM globally. This will make full use of the development opportunities here and further promote GM. Development in the Chinese market. He said that the focus of this year's development of GM in China is to further develop a good partnership with SAIC, including two major joint ventures Shanghai GM, and a very outstanding engineering and design company Pan Asia Automotive Technology Center. This year, GM and SAIC launched three new joint ventures, while the product line is not continuously expanding. He said: “I would like to emphasize here that although China’s overall automobile sales growth has slowed down this year, our sales in China continue to grow. Although the overall sales growth of the Chinese automobile market has recently slowed down, However, General Motors remains very optimistic about the long-term development of the Chinese auto industry and has full confidence.†General Motors Vice President, General Motors Asia Pacific President and Zhuo Yikai also said, “I think the basic support for the long-term development of the Chinese auto market No changes have been made and our investment plan is still going smoothly in our plan. We hope that through this continuous investment, we will continue to play a very active and important role in the long-term development of the Chinese market." Reports