Multinational automakers extend ties with Chinese firms, affirming confidence in China’s market certainty

By He Yin, People’s Daily Recently, several multinational automakers have renewed long-term partnerships with their Chinese partners, signaling sustained confidence in the country’s market. General Motors and Shanghai-based SAIC Motor announced an extension of their joint venture cooperation for another 20 years, through 2047. Earlier, Honda and GAC Group, headquartered in south China’s Guangdong…