Chevrolet New Sail Sedan was introduced earlier today by Shanghai GM, making it the first passenger car created in China by a Sino-foreign joint venture. In addition to being sold in China, the New Sail will also be exported to other emerging markets. Shanghai GM offers five variants of the New Sail with the base model priced around RMB 60,000 (US$8,800). This marks a breakthrough in the under-RMB 70,000 (US$10,300) small car segment, where Chinese brands have traditionally been dominant. Shanghai GM also began taking orders for the New Sail today.
