General Motors opens Cadillac factory in China

• General Motors (NYSE:GM) opens a Cadillac factory in China to target the luxury market in the region.
• The $1.22B Shanghai facility will be operated by the SAIC-GM joint venture. The annual production capacity is estimated to be 160K Cadillac vehicles.
• The Cadillac CT6 is scheduled to be officially unveiled in China on January 27.