On August 5, SAIC Motor and GM signed a strategic renewal agreement to extend the SAIC-GM joint venture period from 20 years to 2047. The SAIC-GM joint venture agreement was signed on October 31, 1995, and the joint venture was formally established in June 1997. The original contract period was 30 years and will expire in June 2027. The reporter learned that in the future, SAIC-GM will further develop China's advantages in user insight, R&D, manufacturing, and supply chain efficiency, promote products defined, developed, and manufactured by China to serve the global market, and further transform China from the receiving end of global technology to the source of innovation and the global supply side.

On August 5, SAIC Motor and GM signed a strategic renewal agreement to extend the SAIC-GM joint venture period from 20 years to 2047. The SAIC-GM joint venture agreement was signed on October 31, 1995, and the joint venture was formally established in June 1997. The original contract period was 30 years and will expire in June 2027. The reporter learned that in the future, SAIC-GM will further develop China's advantages in user insight, R&D, manufacturing, and supply chain efficiency, promote products defined, developed, and manufactured by China to serve the global market, and further transform China from the receiving end of global technology to the source of innovation and the global supply side.