SAIC-GM, General Motors’ passenger-vehicle joint venture with SAIC Motor Corp., promoted Zhuang Jingxiong, vice president of sales, to president, underscoring the company’s need to jumpstart volume as the China market pivots to electric vehicles.
Wang Yongqing, 58, served as SAIC-GM’s president since 2014. He was appointed deputy chief economist by SAIC this week.
Zhuang, 50, started his automotive career at SAIC-GM in 1996, where he worked his way up from vehicle production manager to the joint venture’s executive director for purchasing.
He was hired by SAIC in 2019 as deputy director at the state-owned automaker’s president office. In 2021, he became CEO of SAIC Mobility Technology Services Co., a SAIC subsidiary providing car rental and ride-hailing services.
He rejoined SAIC-GM in December as vice president for sales.
SAIC-GM, a 50-50 partnership between SAIC and GM, builds and markets cars and light trucks for Cadillac, Buick and Chevrolet brands.
In the first four months, the joint venture’s wholesale volume slipped 11 percent from a year earlier to 265,958, according to SAIC.
In 2022, shipments at SAIC-GM fell 12 percent to 1.17 million.