General Motors Co.’s sales in China rose 66.9% in 2009 compared to the prior year, according to a company statement. It is believed that Beijing’s policy initiatives encouraged consumers to rush to showrooms.
Last year, GM sold 1.83 million vehicles in the country and expanded its market share to an estimated 13.4%, up from 12.1% at the end of 2008. Shanghai GM, its flagship car venture with SAIC Motor Corp, was able to sell 727,620 cars in 2009, a 63.3% increase from a year earlier. The sales of SAIC-GM-Wuling, GM’s commercial vehicle tie-up with SAIC and Liuzhou Wuling Automobile, rose by 63.9% last year with 1.06 million cars sold.
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