Chinese authorities have approved a plan by General Motors for a new US$1.1bn factory in the central city of Wuhan.
The new plant will have annual production capacity of 300,000 vehicles according to the Hubei Environmental Protection Bureau. A GM statement said the company would make “sustainable plans” for expanding production capacity based on market conditions, and would share details “at a proper time”.
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GM’s sales with joint venture partners in China fell 8% in January from a year earlier to 246,654 vehicles.
According to the China Association of Automobile Manufacturers (CAAM), monthly sales of passenger vehicles in the country suffered its steepest decline in more than seven years due to a Lunar New Year holiday season sales slowdown that deprived dealers of a week’s worth of sales.
