General Motors will revise its product lineup in ChinaAugust 19, 2020
The concern plans to increase the number of environmentally friendly models.
The Chinese automotive market is currently the world’s largest market, with General Motors earning approximately 20% of its profits. However, in recent years, the company’s revenues have begun to decline. To return the former profit and increase it, the management of the concern decided to revise the model range.
So, in the coming years, there are plans to increase the number of models with fully electric power plants and cars with autonomous driving technologies. It is reported that the most attention will be paid to the Cadillac brand. At the same time, models with classic internal combustion engines will also remain on sale.
Note that the drop in General Motors sales is due to a slowdown in the growth of the Chinese economy, as well as increased competition from other major global automakers. GM reportedly sold “only” 3.1 million vehicles in China in 2019, compared to 4 million in 2017.
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