SAIC Motor and GM Sign Strategic Renewal, Extend Joint Venture to 2047
On 5 August, SAIC Motor and General Motors signed a strategic renewal agreement that extends the term of their joint venture, SAIC-GM, by 20 years to 2047. The original joint venture contract was signed on 31 October 1995, and the company was formally established in June 1997 with a 30-year term, which was set to expire in June 2027. The new agreement effectively prolongs the partnership for another two decades.
On 5 August, SAIC Motor and General Motors signed a strategic renewal agreement to extend the term of the SAIC-GM joint venture by 20 years, to 2047. The joint venture contract was signed on 31 October 1995, and the joint venture was formally established in June 1997. The original contract had a term of 30 years, due to expire in June 2027.
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