GM and SAIC’s China sales rebound in April as market recovers

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GM and SAIC’s China sales rebound in April as market recovers GlobeBusiness

Meanwhile, SGMW, a separate GM venture with SAIC and Guangxi Automobile Group which produces no-frills minivans and has started to make higher-end cars, said its sales jumped 13.5% to over 127,000 units last month.U.S. automaker GM, which is China’s second biggest foreign car company after Volkswagen, said its sales in China fell 43.3% in the first three months of 2020 compared with the same period last year.

To attract customers, GM and SAIC have hired social media celebrities to promote its new models and are offering free medical masks to customers. China’s biggest automaker SAIC, which sold more than 6 million cars last year, said its sales rose 0.5% compared to the same period last year. As well as the GM venture, it also builds its own brand cars and operates a venture with Volkswagen.

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globebusiness It basically is a comparison of sales in a month in 2019 vs sales in a quarter in 2020.

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