economy
March 26, 2026
American Giant on the Brink of Closure in China: Sales Drop by an Incredible 75 Percent
In the brutal Chinese car market, many big players are losing the battle, and the latest victim is American giant General Motors (GM). GM's joint venture with China's SAIC is attempting to reverse negative trends before the contract expires mid-next year. The situation is alarming, as sales have plummeted from a record two million vehicles in 2017 to just 562,000 in 2025, a staggering 75 percent decrease.
TL;DR
- GM's joint venture with SAIC in China has seen sales plummet by 75% between 2017 and 2025.
- A new three-year plan involves a $1.4 billion investment in electric models for Buick and Cadillac.
- The company aims to integrate advanced technology, including next-generation batteries and 1000V fast charging, to address a lack of competitive features.
- New electric crossovers and hybrid models with extended range and faster charging are planned.
- Cadillac will introduce models with lidar and advanced driver-assistance systems.
- Export sales have decreased by 40% in 2025 due to high tariffs from the US and Mexico.
- Chinese manufacturers are offering better technology and more features for lower prices, intensifying competition.