SGMW-GME Sign MOU for GP 52 CKD Project
2014-11-13 SGMW

SGMW and GME signed the GP52 CKD Project MOU on November 12, marking SGMW’s second product will soon be manufactured in GM Egypt factory. In the signing ceremony, President & Managing Director of GM Africa Mario Spangenberg said: ”GM Africa has the great conference in cooperation with SGMW and as our CKD program keeps progressing, two parties’ cooperation will enter into a more prosperous future.” SGMW President Shen Yang also expressed that this signing marks the closer cooperation with GM Africa and will explore better cooperation in the near future.

SGMW and GM Egypt signed the Technology License Agreement and Engineering Service Agreement on November 17, 2001, which opened a new overseas business pattern of SGMW’S intelligence property. In this way, we successfully achieved the high value of “knowledge output”. On July 10, 2011, Chevrolet N300 Move became the first Chinese vehicle to be assembled by GM in Egypt and the first SGMW vehicle to be assembled outside of China. Now, N300 Move has gained great success in Egypt and ranks second in the van segment. SGMW overseas business has expanded to Central and South America, Africa, the Middle East, Southeast Asia and other countries and region.