General Motors prepares to introduce a brand-new SUV assembly line at its joint venture factory located in the Chinese central city of Wuhan at the first half of next year, the Xinhua News Agency reported, pointing out business sources.
SAIC General Motors (SGM), a joint venture in between China’s SAIC and General Motors, began operations at the Wuhan plant in 2015. The brand-new assembly line will have the ability to produce 360,000 automobiles every year, bringing the integrated capability to 600,000, Xinhua stated.
SGM stated it has invested 7.5 billion yuan ($1.1 billion) for the new assembly line, which has been under construction from January 2015. It will produce a brand-new generation of Chevrolet Equinox SUVs.
The plant produced profits of almost 23 billion yuan ($3.39 billion) during the first 9 months of this year, Xinhua stated.
General Motors’ China chief Matt Tsien informed during interview in March that Wuhan plant was running at optimum usage, and a planned 2nd stage is being included there that will double capacity.
He stated that sport-utility automobiles, multi-purpose automobiles and high-end vehicles will continue to be hot sectors in China moving forward, with SUVs and MPVs representing 40 percent of company’s entire China growth to 2020.
