SAIC-GM-Wuling, GM’s light-vehicle joint venture with SAIC Motor Corp., saw exports surge 254 percent in the first quarter behind demand from emerging markets outside China.
The company shipped 20,752 vehicles overseas in the first three months, the company said.
SAIC-GM-Wuling’s main export products are the Baojun-badged 530 compact crossover and the Wuling-brand N300 and N400 minibuses. The vehicles are marketed outside China under SAIC’s MG brand or GM’s Chevrolet marque.
Export destinations span India and countries in Southeast Asia, Latin America, North Africa and the Middle East.
Buoyed by strong exports, sales at SAIC-GM-Wuling topped 130,000 in March, a decline of 24 percent from a year earlier but a strong rebound from the first two months.
With sales and production disrupted by the viral epidemic in China, the company’s deliveries tumbled 88 percent to 11,800 in February, with year-to-date volume slipping 65 percent to 90,040.
SAIC-GM-Wuling is based in the southwest China city of Liuzhou. It also operates an assembly plant in Indonesia.
In China, it distributes passenger vehicles under the Baojun brand and minibuses under the Wuling marque.
Sales at SAIC-GM, the other partnership between GM and SAIC, shrank 92 percent to 7,612 in February, with cumulative volume slumping 52 percent to 133,076 in the first two months, according to SAIC.
SAIC-GM, headquartered in Shanghai, builds and distributes cars and light trucks for GM’s Buick, Chevrolet and Cadillac brands. March sales results have not been released.