General Motors 2007 China sales 1.03 mln; up 19% on strong demand(zt)
GM said Thursday the company and its joint ventures sold a total of 1.03 million vehicles in 2007, up 19% from a year earlier.
The sales growth was mainly driven by a robust demand, GM China Group President Kevin Wale, said in a statement.
Shanghai General Motors Corp., its joint venture with Shanghai Automotive Industry Corp., sold a total of 479,427 vehicles last year, up 17% from a year earlier, the statement said.
SAIC-GM-Wuling Automobile Co., the company's mini-vehicle joint venture in China with SAIC and Wuling Automobile Co. booked 20% sales growth in 2007, at 548,945 units.
The U.S. automaker sold more than
100,000 vehicles in China in
2002 and more than
500,000 in 2005, according to earlier figures given by the company.