GM and SAIC extend China JV by 20 years to 2047

Published Aug 5, 02:30 AM UTC

General Motors and China's SAIC Motor have extended their 50-50 joint venture by 20 years, now set to run until 2047. The deal, announced amid rising U.S.-China geopolitical tensions and a potential U.S. ban on Chinese vehicles, refocuses on domestic sales of Buick and Cadillac models in China and exporting Chevrolet vehicles built in China to non-U.S. markets including the Middle East, Africa, South America, Mexico, and Asia-Pacific. The extension comes as China's auto industry rapidly shifts toward domestic brands and away from traditional Western joint ventures. GM's earnings from China fell from about $2 billion annually in 2018 to losses in 2024 and 2025, though the company reported $248 million in equity income in the first half of 2026 after restructuring. The joint venture has produced over 20 million vehicles since its 1997 inception.