Shanghai GM Introduces Chevrolet New Sail Small Car

Shanghai GM recently introduced the Chevrolet New Sail sedan, the first passenger car created in China by a Sino-foreign joint venture. The new small car was developed by Shanghai GM and the Pan Asia Technical Automotive Center (PATAC), both GM-SAIC joint ventures. In addition to being sold in China, the New Sail will also be exported to other emerging markets. The base model will be priced around RMB 60,000 (US$8,800), which marks a breakthrough in the under-RMB 70,000 small car segment where Chinese brands have traditionally been dominant.