GM renews its SAIC joint venture in China for 20 years, reshaping Buick and Cadillac EV development, exports, and pricing in global markets.

General Motors and SAIC Motor extended their joint venture agreement on Wednesday for another 20 years, one year ahead of schedule.

GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets.