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General Motors has just hit a milestone, which it now the first automaker to sell more than 2 million cars in China in just one year. Sales of GM cars had increased roughly about 35 percent during the first 10 months of the year.
“This is another important milestone for General Motors in China,” said Kevin Wale, President and Managing Director of the GM China Group. “It was only three years ago that GM became the first global automaker to reach the 1 million annual sales mark in China.”
Kevin Wale also said, “Over the past decade, China’s vehicle market has experienced unprecedented growth. GM has grown with it, working with our joint ventures to expand our lineup of vehicles and brands, adding to our portfolio of services, and increasing our production capacity to meet the changing needs of consumers nationwide.”
Back in 2007, GM hit the million mark with 1,031,974 vehicles sold in China. The number grew to 1,826,424 units last year, which places GM as the best-selling foreign automaker for the fifth consecutive year.
GM’s joint ventures with China have paid off well throughout the years. Just in October of last month, GM had sold 199,641 vehicles in China, making it an all-time record for the month. GM China and its joint ventures in August rose 19.2 percent on an annual basis to 181,625 units sold, which led the first eight months of 2010 to 1,567,411 units.