For General Motors Corp., which is bankrupted and revived, “after the robbery” is a joint venture with FAW to establish FAW-GM Commercial Vehicle Co., Ltd.

This is the first global cooperation project after General Bankruptcy reorganization.

Commercial vehicle prices are expected to go lower

Both parties believe that the project is in line with the national automobile industry policy and is expected to rapidly increase the comprehensive competitiveness of FAW light vehicles by introducing advanced management concepts and methods, quality and cost control measures, technologies and capital of General Motors.

According to Luo Lei, deputy secretary-general of the China Automobile Dealers Association, the cooperation between GM and FAW is a means to expand its business in China. GM's GMC, which specializes in the production of commercial vehicles, has no platform in China, and FAW has an old FAW Harbin Light Vehicle Co., Ltd., which will undoubtedly increase the long-term layout of GM in China.

At present, China's commercial vehicle market has been dominated by such leading companies as FAW, Dongfeng, and Heavy Duty Truck. The new GM blood is involved. The commercial vehicle market may open up a price breakthrough. Because of the geographical relationship of the Liaoning market, the price trend of the commercial vehicle market will also be affected.

Reversal opportunities in the commercial vehicle market

The process of cooperation between the new GM and FAW not only caters to the rapid growth period of the Chinese auto market, but also meets the imagination of the industry in which the project is located.

This can be verified digitally. According to the data obtained by the reporter from the China Automobile Dealers Association, it was precisely before the FAW-GM project landed that the commercial vehicle market in China had never been reversed. The figures show that from January to July, the production and sales of the commercial vehicle market in the country all ended the previous negative growth, both of which saw a positive growth.

“The negative growth is due to the impact of the financial crisis on overall energy consumption. The downstream market of commercial vehicles, including logistics, has contracted, and economic expectations have improved. The market has grown from negative growth to positive growth.” Luo Lei said that the reversal just confirmed the prospects of commercial vehicles. Began to appear.

From another perspective, China has become the country that has contributed the most to the global automotive industry. The overall growth of many auto companies in global performance is supported by the Chinese market. It is self-evident that New GM will expand its investment in China in the context of such a global automotive industry.

News background

On August 30th, China FAW Group Corporation and General Motors Corporation of the United States announced in Changchun that FAW-GM Light Commercial Vehicle Co., Ltd. was established.

According to reports, among the newly established FAW-GM Light Commercial Vehicles Co., Ltd., China FAW and General Motors each have 50% shares, and the project has a total investment of 2 billion yuan and a registered capital of 1.2 billion yuan. The joint venture period of both parties is 30 years, and the joint venture company's registered place is Changchun City, Jilin Province. FAW Harbin Light Vehicle Co., Ltd. and FAW Hongta Yunnan Automobile Manufacturing Co., Ltd. are subsidiaries of the joint venture company.

The newly established FAW-GM will be mainly engaged in the research and development, production, sales, warehousing, export and logistics of light trucks, light buses and related assemblies and components. The existing products and future new products based on the continuous development of FAW-branded products will still use the FAW Jiefang brand, and products imported from GM may use the brands of GM.

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