GM to focus on SUVs and MPVs for growth
By Li Fusheng | China Daily | Updated: 2016-03-22 08:27
General Motors is eying SUVs and MPVs to fuel its growth in China as it expects car sales in the country to remain low for years, the automaker said on Monday.
GM and its partners plan to unveil 60 new and refreshed models by 2020, including 13 this year, and 40 percent of them will fall into the SUV and MPV segments, said GM China President Matt Tsien in Beijing.
The company expects the growth in China's overall car sales to average from 3 to 5 percent in the next five years, basically the same level as the 4.7 percent year-on-year growth in 2015.
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