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SAIC-GM-Wuling meets 2011 sales target of 1.3 mln autos

Jan. 5, 2012 (China Knowledge) - SAIC-GM-Wuling Automobile Corp, a joint venture of General Motors, Shanghai Automotive Industry Corp and Liuzhou Wuling Motors Co, has met its 2011 sales target of 1.3 million vehicles, 5% more than it sold in 2010.

The JV, which specializes in trucks and vans, currently sold three major models, consisting of the Sunshine, Rongguang and Hongguang.

The new Sunshine model, debuted in early 2010, attained the title of most popular Chinese micro-van last year with sales volume reaching 534,000 in the first 11 months of 2011, bringing registered vehicles under the brand to 3.2 million units in China.

The Rongguang model, a kind of coach, will be produced in GM's plant in Egypt in the third quarter of 2012, said the JV.

Sales of the Hongguang models exceeded 200,000 units in the past 12 months with a record monthly sale of 30,000 units in Chinese commercial vehicle.  

The JV's sales of new sedan model, named Baojun, reached 869 units in August, 1,945 units in September, 5,003 units in October, 6,018 units in November and 8,000 in December 2011 respectively, bringing the total Baojun sales in the five months to more than 20,000 units, sources reported.

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