The joint venture of SAIC and GM started construction of a Cadillac plant in Shanghai today, which will open in 2015 with a designed production capacity of 160,000 units a year. At a ceremony held in the Pudong district, officials from the city government as well as the JV, including GM CEO Dan Akerson and President of GM China Bob Socia, laid the foundation stone for the 8-billion-Yuan facility.
As an extension of Shanghai-GM’s production base in Jinqiao, Pudong, the new facility will cover an area of 750,000 square meters and feature workshops, a high-speed test track, a brand experience center, as well as a design and engineering office–the Jinqiao branch of PATAC (Pan Asia Technical Automotive Center).
To lift Cadillac’s China sales from around 30,000 in 2012 to over 100,000 in 2015, Shanghai-GM plans to add at least three new models of the luxury brand to its product line–beyond the recently released XTS: the ATS, CTS, and SRX (the XTS currently shares a production line with Chevrolet Malibu in Jinqiao ). For 2020 it targets 10% of China’s luxury car market.