GM, SAIC Renew China Venture Through 2047 as Chevrolet Faces Exit

General Motors Co. and SAIC Motor Corp. Ltd. have extended their China joint venture by 20 years to 2047, pairing the early renewal with a strategic overhaul expected to end Chevrolet sales in the market.

The move highlights how multinational carmakers are leaning more heavily on localized research, development and export strategies to maintain a foothold in China’s intensely competitive auto market, even as geopolitical tensions persist.