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Chevrolet stops sales in China and focuses on exports
General Motors announced that it has completed the sale of Chevrolet cars in the Chinese market after 21 years of success, during which over 7.5 million vehicles were sold, reaching an annual peak of more than 760,000 cars. Nonetheless, the company will cease local sales and shift its focus toward exporting vehicles manufactured in China to global markets outside the United States, with an aim to launch 30 electric vehicle models by 2030, especially under the Cadillac and Buick brands. The company also confirmed that its factories will continue operating in China, and that its strategy includes entering new markets in the Middle East, Africa, and South America, with exports increasing by approximately 7% in the first half of the year.
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