Under a framework signed in Shanghai on Dec. 23, SAIC and GAC plan to collaborate on development of key technologies and platforms for electrified and intelligent vehicles. The two companies expect to coordinate vehicle production and cooperate in vehicle shipment, auto financing, insurance and the aftermarket.
The two companies each build and market passenger vehicles under proprietary brands while running joint ventures with global automakers – SAIC operates light vehicle partnerships with Volkswagen Group and General Motors while GAC operates car joint ventures with Toyota Motor Corp., Honda Motor Co., Mitsubishi Motors and Fiat Chrysler Automobiles.
Outside China, SAIC produces vehicles in Thailand and India under the MG brand. It also ships MG cars from China to Western European, including the United Kingdom, the Netherlands and Norway.