SAIC, GM plan long-term strategic cooperation

  • 08-Nov-2010 04:39 EST

GM and SAIC signed a memorandum of understanding to cooperate in various areas including a focus on their Pan Asia Technical Automotive Center, shown here. The agreement furthers the companies' efforts to explore the Asian markets in a cooperative manner. (General Motors)

SAIC Motor Corp. Ltd. (SAIC) and General Motors Co. recently signed a nonbinding memorandum of understanding (MoU) on strategic cooperation. They are planning to reinforce their collaboration in core areas of business, including the development of new-energy vehicles and the creation of a stronger and more integrated role for their Pan Asia Technical Automotive Center (PATAC) automotive engineering and design joint venture to work on future vehicles and powertrains. The signing of the MoU builds on the automakers’ efforts to explore cooperation in Asia’s emerging markets, led by India, and to codevelop two efficient next-generation powertrain families. In addition to a focus on new-energy vehicles, the companies anticipate sharing an additional vehicle architecture and powertrain application in an effort to reduce development costs and benefit from economies of scale. They also plan to further enhance vehicle and powertrain capabilities at PATAC, while jointly training local R&D staff. In the first 10 months of 2010, SAIC and GM’s Shanghai GM (SGM) joint venture sold about 843,000 vehicles in China. SAIC-GM-Wuling (SGMW) has been the largest mini-vehicle manufacturer in China for four consecutive years.

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