GM is reportedly holding discussions with FAW to form a partnership in the area of light commercial vehicles (LCVs) – the details of the partnership unclear at this stage.
Henry Wong, a GM China spokesman, told Reuters on Thursday the two parties had registered a name with the State Administration for Industry and Commerce, but declined to specify the nature of the partnership.
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“Joint venture is far from complete, but the registration of the name is just one of the processes,” Wong said when asked whether the partnership will lead to a full-fledged joint venture.
“We still have a lot of work to do before the joint venture becomes a reality.”
GM already makes light commercial vehicles in China in a three-way tie-up with SAIC Motor and Liuzhou Wuling Automobile.
SAIC-GM-Wuling sold 75,168 vehicles in January – 20% ahead of last year – including about 47,000 Sunshine minivans, GM said in a statement.
The venture, in which GM holds a 34% stake, made up 59.22% of GM’s overall sales in China in 2008, Reuters said.
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By GlobalDataGM also operates a car manufacturing venture in Shanghai with SAIC.
