How SAIC’s recharged venture with GM plans to catch up with top EV makers in China

China’s SAIC Motor has extended its cooperation with General Motors by 20 years, renewing the joint venture through 2047 amid aggressive competition from home-grown rivals. SAIC and GM, the largest carmakers in China and the United States, respectively, in terms of sales volume, signed the agreement on Wednesday, building on a partnership that began in 1995 and led to the SAIC-GM joint venture in 1997. Wang Xiaoqiu, chairman of state-owned SAIC, said both sides should leverage their strengths in...