Newsroom | General Motors China (2024)

FAQs

Which Chinese company owns GM? ›

SAIC General Motors Corporation Limited (More commonly known as SAIC-GM; Chinese: 上汽通用汽车; formerly known as "Shanghai General Motors Company Ltd", "Shanghai GM"; Chinese: 上海通用汽车) is a joint venture between General Motors Company and SAIC Motor that manufactures and sells Chevrolet, Buick, and Cadillac brand automobiles ...

The impact of Chinese nationalism

1 reason for GM's decline is this tilt toward Chinese nationalism,” Dunne said. “That takes the form of China has declared that it wants to be the global dominator in electric vehicles and it's doing everything in his power to cultivate national champions like BYD.”

Ownership Structure:

Barra (CEO of GM). BlackRock, Inc. holds the largest share, owning over 117 million shares or 8.1% of outstanding shares, followed by The Vanguard Group with over 102 million shares or 7.0% of outstanding shares.

General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands.

The top five names on the list by U.S. ownership include biotechnology companies BeiGene and Zai Lab , KFC-parent Yum China and dating app operator Hello Group . The fifth name, JOYY , is a livestreaming company formerly known as YY.

In fact, some China-built cars are already for sale in the U.S. under Western brands, including the Buick Envision, Polestar 2 and soon, the Lincoln Nautilus. And China's BYD is already the largest manufacturer of electric buses in North America.

It operates eight manufacturing plants in partnership with local Chinese players. A person familiar with the matter told Yahoo Finance that Ford has no plans to exit China. The automaker will remain focused on its luxury brand Lincoln, which has long been "popular" in the country, the source said.

China isn't buying American cars anymore — and it's bad news for everyone except Tesla. American car companies' sales in China have been on a steady decline. Without China, American car companies will likely lean into US electric-vehicle sales.

Is GM a China company? ›

Headquartered in Detroit, Michigan, with employees around the world, General Motors is a company with global scale and capabilities.

Buick is owned by General Motors (GM), who also owns GMC, Cadillac, and Chevrolet. Unlike most automakers, Buick is something of a legend with a history dating back over 100 years.