On August 5, 2026, SAIC Motor and General Motors signed a strategic renewal agreement to extend the term of their joint venture, SAIC General Motors Co., Ltd. (“SAIC-GM”), by 20 years through 2047.
SAIC Motor is a leading automotive group in China. The development of SAIC-GM has witnessed the evolution of China’s automotive industry from technology introduction to independent innovation. The joint venture agreement for SAIC-GM was signed on October 31, 1995, with an initial term of 30 years scheduled to expire in June 2027. Building on nearly three decades of cooperation, the renewal provides a stable, long-term foundation for the parties to further deepen their partnership.
Fangda acted as legal counsel to SAIC Motor in this transaction, providing full-scope legal services throughout the strategic renewal process. The Fangda team was led by partners JI Nuo, Miles MA, Sherry XU, and Derrick ZHAO. Team members included Frank FENG, Hector YANG, Simon XIAO, WANG Jiaxi and Lucy SUN.