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Is Xiamen OnStar a state-owned enterprise?
Xiamen OnStar is not a state-owned enterprise. OnStar is the abbreviation of OnStar Information Services Co., Ltd. It is a private joint venture established by General Motors, SAIC Motor and Shanghai General Motors on October 28, 2009, with a total investment of more than 300 million yuan. At the end of 2009, it provided automobile safety information services for Shanghai General Motors' main models produced and sold in China. As wholly-owned subsidiaries of General Motors and SAIC Motor, OnStar and Shanghai Automotive Industry Sales Co., Ltd. each hold a 40% stake in OnStar, while Shanghai General Motors, a joint venture between the two parties in China, holds a 20% stake in OnStar.
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