5th August 2026 – (Shanghai) Chinese automaker SAIC Motor and General Motors announced on Wednesday a 20-year extension of their joint venture partnership to 2047, citing nearly three decades of collaboration and confidence in China’s long-term car market amid global industry upheaval.
Shareholders will further coordinate research and development, supply chains and global market resources to support intelligent and electric transformation, local innovation and the long-term development of SAIC General Motors Corporation Limited, the companies said.
The venture plans to launch at least 30 new energy vehicle models by 2030 as it seeks to join the mainstream of China’s electric brands. It will pool local research strengths, integrate more closely with China’s technology industry chain and speed innovations from intelligent cockpits to advanced autonomous driving.
Investment in overseas new energy business will also rise. The Buick Electra E7 is due to be exported from October, becoming the first high-end new energy Buick and the first such model from the joint venture to go abroad.
Industry figures have long cast SAIC General Motors as one of the most notable China-US automotive joint ventures and a marker of reform-era modernisation of the Chinese car industry. The longer tie-up is meant to underpin electric and intelligent vehicle plans at home while expanding Buick new energy exports.