U.S. Market Not in China’s SAIC Short-Term Growth Plan
November 7, 2012
by James M. Amend
SAIC Motor based in Shanghai has no plans to build or sell vehicles in North America for at least several years, SAIC USA President Yi Lu says.
Lu’s remarks at an auto industry conference here today on the Chinese market come amid speculation that Chinese car companies looking to expand into the global arena might be tempted by a U.S. market rebounding from the recession.
SAIC USA recently opened its U.S. headquarters in Birmingham, MI, an upscale suburb north of Detroit, tasked by its Chinese parent to grow the company’s reputation in industry circles. The office’s primary function is to assist in the import and export of parts for General Motors’ Shanghai GM joint venture in China.
The two companies also have a JV with Wuling Automobile to build small commercial vehicles and share a design center in China. Additionally, they formed a holding company several years ago to build and sell Chinese vehicles in India.
Experts speculate most Chinese OEMs will enter global markets gingerly, focusing on regions where their products will be most competitive.
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