RE: Safestocks14 Jan 2019 12:18
Chris its happening, GM got a good foot in the door.
Getting ahead of global regulations will be an important motivator for Cadillac, which has relied on China as a key driver of growth in recent years. A substantial number of the new Cadillac EVs will be going to China, GM said.
In 2017, China became Cadillac's No. 1 market — years earlier than the company's executives expected. Even as China's market slowed last year, Cadillac's sales there rose 17 percent to 205,605 vehicles, compared with a 1.1 percent decline, to 154,702 vehicles, in the U.S.
img02GM believes Cadillac "will continue its strong momentum in China" despite growing headwinds such as a near-term market downturn and pricing and regulatory pressures, said GM China President Matt Tsien.
In China, as in the U.S., Cadillac plans to introduce a new or redesigned model every six months on average through 2021, a timetable that began with the launch of the XT4 last year.