GM China Sales Hit Record High in 2010

Sold 2.35 million vehicles in China

General Motors said on Jan. 4 that its sales in China, the world's largest car market, increased 28.8% year-on-year in 2010 to a new annual record of 2.35 million vehicles.

Its manufacturing joint ventures and major brands all set new annual sales marks, the company said.

"GM kept pace with the needs of our customers by introducing 11 new and upgraded models that are leaders in their segments in design, technology and fuel economy," said Kevin Wale, president of GM China Group.

"At the same time, we continued to expand our local presence to position GM for long-term growth in China."

China has become increasingly important to GM due to strong domestic demand -- in November, the company became the first international carmaker to sell two million vehicles in a year in the country. The Asian nation -- now the base of GM's international operations -- overtook the United States in 2009 to become the world's biggest auto market.

GM has established a few joint ventures in China, including Shanghai General Motors, a partnership with SAIC Motor Corporation Ltd., and runs several brands such as Buick and Chevrolet, according to its website.

Copyright Agence France-Presse, 2011

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