GM aims to sell 1 million Chevrolet vehicles in China annually by 2020
General Motors aims to increase annual Chevrolet sales in China to 1 million vehicles by 2020, up from 717,007 in 2014.
The first two models, the Malibu XL midsize sedan and the Lova RV subcompact car, were launched last week at the Guangzhou auto show.
The Malibu XL is the ninth generation of the Malibu nameplate. It will go on sale next year in China along with the all-new Malibu, according to GM.
The Lova RV has arrived at dealerships across China at a starting price of 74,900 yuan ($11,700).
Chevrolet's upcoming products include SUVs, midsize vehicles and upper-medium passenger vehicles, GM said, without releasing further details.
SAIC General Motors, GM's passenger vehicle joint venture with SAIC Motor Corp., sells the Malibu midsize car, Cruze compact sedan, Aveo and Sail 3 subcompacts, Captiva and Trax crossovers and the Camaro sports car under the Chevrolet brand.
The joint venture sold 493,450 Chevrolet cars in China in the first 10 months of this year, down 8.4 percent from the same period last year.