Chevrolet has disclosed plans to inject $5 billion in a new model lineup targeting growing markets.
The identity of the cars is not known at this point, but Chevrolet says these will be assembled in various countries including China, Brazil, India and Mexico where the models will be locally sold and also exported to other emerging markets. The GM-owned company clearly states they don't plan on selling these cars in mature markets such as United States.
Once production will reach 100% capacity, more than two million units will be assembled each year and the first car is set to go on sale for the 2019MY. Chevrolet is teaming up with SAIC Motor to work on these new models which are being developed by a multinational team of engineers and designers "assigned to ensure each entry is tailored to meet the expectations of customers in each market."
General Motors aims to save a considerable amount of money by implementing a high level of localization of parts suppliers and by collaborating with SAIC Motor they will further optimize the costs for assembling these cars which are being developed to target specific markets.