Shanghai General Motors Co Ltd's (Shanghai GM) auto sales may reach 1.02 million units -- a new high -- this year, China Business News reported Monday.
Shanghai GM is a joint venture between General Motors Corp (GM) and Shanghai Automotive Industry Corporation (SAIC).
The two companies have worked together on ten joint ventures, and SAIC invested $500 million into GM's initial public offering for one percent share in the company, the newspaper reported.
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