Is SAIC a joint venture or domestic car?
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SAIC General Motors produces joint venture vehicles. Shanghai General Motors Co., Ltd. is a listed automobile manufacturing company and one of the leading enterprises in China's automotive industry. It was established on June 12, 1997, through a joint investment by SAIC Motor Corporation Limited and General Motors Company, with its headquarters located in Shanghai. The company primarily owns three major brands: Buick, Chevrolet, and Cadillac, covering various market segments from high-end luxury cars to economy vehicles. Below is an introduction to the brands: Shanghai General Motors pioneered the "multi-brand, full-range" market strategy in China's automotive industry, achieving tremendous success. With distinct brand personalities, superior product capabilities, and meticulous services, it aligns with mainstream social values and the pace of the times, meeting the diverse and personalized needs of different consumers.