(MENAFN) US-based General Motors Corp (GM) announced its plan to invest USD12 billion in china over the following three year, The Peninsula Qatar reported.
The company plans to establish additional plants in the 2015 as it aims to increase its presence to compete with rivals in the country.
GM said that its sale in 2014 are expected to grow 8-10 percent in China, which in line with overall growth in the country's auto market.
President of GM China said: "We are investing wisely and accelerating our vehicle development and manufacturing to keep pace with market demand. In total we are investing USD12 billion between 2014 and 2017."
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