GAC Motor, one among China’s largest carmakers, has postponed its launch within the U.S. due to the continuing commerce battle between the world’s two-largest economies, an organization government mentioned Tuesday.
The automaker, headquartered in Guangzhou in southern China, mentioned its entrance into the U.S., which was anticipated for this yr, might be postponed.
“The present relationship between the U.S. and China, the commerce battle, the connection is unsure” mentioned Hebin Zeng, president of worldwide at GAC Motor. “We postponed the plan to enter the North American market.”
Zeng declined to provide a particular timeline on when GAC may enter the U.S.
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“By way of once we will go into the market, we can have additional discussions relying on the adjustments of circumstances,” he mentioned.
Geely is the one Chinese language carmaker that sells within the U.S. by means of the Volvo Automotive model that it owns.
GAC has been increasing into a number of worldwide markets, significantly within the Center East.