By Yilei Sun and Brenda Goh
BEIJING (Reuters) – General Motors Co (GM)
on Monday said continued market recovery from the COVID-19 crisis helped its China vehicle sales grow 12% on year in July-September, marking the Detroit automaker’s first Chinese quarterly sales growth in two years.
The second-biggest foreign automaker in China by units – after Germany’s Volkswagen AG
– said on Monday it delivered 771,400 vehicles in China in the third quarter. That followed a 5% fall in the second quarter, when parts of China were still emerging from virus-busting lockdown measures.
GM has a Shanghai-based joint venture with SAIC Motor Corp Ltd <600104.SS> making Buick, Chevrolet and Cadillac vehicles. It has another venture, SGMW, with SAIC and Guangxi Automobile Group, producing no-frills mini-vans and which has started manufacturing higher-end cars.
Sales rose 26% for cars under its mass-market Buick brand in the third quarter versus the same period