This week the 2020 Corvette Stingray makes one of its first international visits that we are aware of with a showing of the new car at China International Import Expo in Shanghai. The debut of the mid-engine sports car in China fuels speculation that GM is looking officially offer the Corvette for sale in the Chinese market for the first time.
China was one of the markets where General Motors has filed the “Zora” trademark which tells us the automaker appears serious in wanting to bring America’s favorite sports car to the Chinese automotive market, now the largest in the world.
A search of CorvetteBlogger shows a nearly identical story we wrote back in 2008 about the C6 Corvette and the Chinese market, but nothing ever became of it. C7 Corvettes were available in China but only through importers and the gray market. Buyers have had to pay a premium for the opportunity to drive America’s sports car with prices being the equivalent of $280K USD for a 1LT C7 Stingray.
In addition to the 2020 Corvette Stingray on display at CIIE 2019, Chevrolet is also showcasing the Suburban and Silverado, as well as the GMC Yukon XL Denali and the GMC Sierra Denali.
“We are proud to once again be participating in CIIE to introduce more lifestyle choices to China’s consumers,” said GM China President Matt Tsien. “The products on display show how we are creating a unique and rewarding experience for those pursuing their dreams while enriching China’s car culture in the new era of quality growth.”
“Our stand at CIIE is all about exploration, expanding boundaries and reaching beyond,” said Marc Comeau, GM China vice president of Vehicle Sales, Service, and Marketing. “It showcases the spirit of innovation and overcoming challenges through the utility, versatility, and luxury of GM products.”
Source:
General Motors via GM Authority
Related:
Is Chevy Preparing to Sell Corvettes in China?
GM Trademarks the Mid-Engine Corvette Name of ZORA Across the World…Including China!
Corvette Stingrays Listed for Sale at Over $280,000 USD in China’s Gray Market
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I am all about sales, but why sell something in a country known to blatently copy and steal intellectual property? Whatabout Europe?
#smdh
The price over there is going to be outrageous as long as the ‘Vette has a 6.2L V8!
From Forbes:
“In the United States, a Mercedes-Maybach S600 costs $190,275. In China the very same car goes for 2.88 million yuan, or $440,000, more than double the U.S. price… the Ferrari F12berlinetta costs $323,745 in the U.S., and 5.3 million yuan in China – that is $810,000, just over 2.5 times more.
China slaps heavy taxes on cars with an engine capacity of four liters and above… The S600 has a 6.0 liter V12 and the F12berlinetta a 6.3 liter V12. Taxes can be as much as 60% of the new price of a vehicle, and on top of that comes a 10% purchase tax.”
The day America’s Sports Car starts bending to China’s will with a sub 4-liter engine will be a sad day indeed! Chinese taxes are some of the prime reasons McLarens top out at 4 liters and Ferrari went from 4.5L to 3.9 in the transition from the high water mark 458 Italia to 488 GTB.
The Chi-com’s can go to hell.
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