On February 18, 2023, TMT Automobile Joint Stock Company (TMT Motors) announced that the company, on February 12, signed a strategic cooperation agreement with SAIC-GM-Wuling (SGMW) to manufacture, assemble, and distribute Wuling electric cars in Vietnam, starting with Wuling Hongguang Mini EV, the world's best-selling mini electric car model from 2020 - 2022.
The mentioned model will be assembled at TMT's automobile factory in Van Lam district, Hung Yen province, with a capacity of 30,000 units per year (also set to be increased in the future).
TMT Motors, with around 47 years of experience in the field of manufacturing, assembling and distributing commercial vehicles and has pioneered to exploit the local truck market, officially began its expansion strategy into the electric car business through this partnership with SGMW. The detailed information about products, prices, as well as bookings for the Wuling HongGuang MiniEV model is expected to be disclosed in Q2/2023.
(From TMT Motors press release and Wuling EV Vietnam press release on February 18, 2023)
Hongguang (Wuling)
On January 6, GM announced that it has sold over 2.3 million vehicles in China in 2022.
Specifically:
Cadillac sold over 198,000 units during the year. The CT5 luxury sedan maintained hot sales, with sales volume up 8.7% year-over-year (y/y). The Lyriq mid-to-large-sized battery electric SUV has been gaining market attention since the commencement of its deliveries in September 2022, and its high-performance 4WD model was newly launched.
Buick sold over 644,000 units during the year. Its premium models had robust sales, with sales volume of the Envision mid-sized SUV quadrupling y/y. The new Century flagship MPV reinforced Buick’s leadership in the MPV market. Sales volume of the Velite new energy lineup increased by 42% y/y.
During the year, Chevrolet sold over 200,000 units, and launched the Tracker RS subcompact crossover SUV and the new Seeker compact family SUV. Sales volume of its Menlo battery electric intercity coupe more than doubled y/y.
Wuling sold over 1.2 million units during the year. In August 2022, SAIC-GM-Wuling announced that its New Energy Vehicle (NEV) sales volume had reached the milestone of exceeding 1 million units. Sales volume of the Wuling Hongguang MINIEV micro electric vehicle lineup for the year exceeded 400,000 units. Total sales volume of the Wuling silver-badged passenger vehicle lineup, which is represented by the Asta compact SUV, the Jiachen compact MPV and the Xingchi compact SUV, exceeded 125,000 units. As the Asta Hybrid launched in August 2022 was well received by the market, Wuling will launch more hybrid models in 2023.
In 2023, GM will continue to accelerate product launches in China, with over 20 new and modified models planned, of which more than one-third will be NEVs, including upcoming new Ultium-based models of Buick, Cadillac and Chevrolet.
From GM official website press releases 1/2
On October 10, General Motors Company (GM) announced that it delivered nearly 630,000 vehicles in China in the third quarter of 2022, reflecting a 1% growth, steadily recovering from the impact caused by the COVID-19 resurgence in the first half.
Q3 performance by brand:
Buick deliveries topped 185,000 units. Sales of the Envision Plus midsize SUV grew more than three-fold to nearly 18,000 units. The all-new Envista recently joined the brand’s SUV family to strengthen its presence in one of the most popular market segments.
The Cadillac brand sold over 56,000 units. Sales of its most popular model, the CT5 luxury sedan, grew 24% to over 21,000 units. Cadillac’s first all-electric model, the LYRIQ luxury SUV, started customer deliveries in September.
Chevrolet deliveries exceeded 56,000 units. Sales of the brand’s best-selling nameplate, the Monza sedan, grew 56% y/y to over 31,000 units. The all-new Seeker was also introduced in September to further expand Chevrolet’s SUV portfolio.
Wuling deliveries surpassed 321,000 units. The Hongguang Mini EV had sales of over 108,000 units, remaining as the best-selling NEV in China. It also added the MINIEV Cabrio, China’s first convertible EV, to the family. Deliveries of two of Wuling’s silver-badged models – the Asta and Jia Chen – topped 33,000 units. The all-new Xingchi SUV was launched as the brand continued to expand its foothold in the passenger vehicle segment.
In the third quarter, GM launched the enhanced Super Cruise driver assistance system in China with new features that include automatic lane change and lane change on demand. Currently available on the Cadillac CT5, it will soon be expanded to more Cadillac, Buick and Chevrolet models. Following the delivery of the Cadillac LYRIQ SUV, a wide range of Ultium-based EVs from Cadillac, Buick and Chevrolet will be rolled out in an extensive cadence to advance an all-electric future. The first Buick model powered by the Ultium platform will debut in China later in 2022.
From GM press releases 1/2