- SAIC Motor sees Q3 net profit drop 14.75% YoY
In Q3, SAIC Motor's net profit attributable to shareholders reached 7.036 billion yuan ($1.101 billion), falling 14.75% compared to the year-ago period.
Oct. 29 , 2021
- SAIC Motor’s new trademark likely to be Chinese name of R Auto
SAIC Motor has filed the application for two trademarks “SAIC Feifan” and “Feifan”, which are awaiting substantive review, according to the Trademark Office of China National Intellectual Prop...
Oct. 14 , 2021
- SAIC Motor becomes direct shareholder of Iveco's joint venture in China
Nanjing Iveco Automobile Co.,Ltd. (Naveco), a Nanjing-based company principally engaging in manufacturing light-duty commercial vehicle, recently introduced SAIC Motor as a director investor, accordin...
Oct. 12 , 2021
- SAIC Motor’s auto sales fall 14.36% YoY in Sept., while NEV sales surge 61.3%
SAIC Motor said its new vehicle sales reached 515,804 units last month, dropping 14.36% compared to the previous year. As of Sept. 2021, the Shanghai-based auto giant had posted year-on-year sales dec...
Oct. 11 , 2021
- SAIC Motor’s Ningde plant reaches annual capacity of 240,000 PVs
SAIC Motor’s car assembly plant in Ningde, Fujian province is currently able to output 240,000 new vehicles per year and its annual capacity can peak at 300,000 units.
Sept. 29 , 2021
- SAIC Motor expects annual CV unit revenue to top 100 billion yuan by 2025
SAIC Motor aims to gain over 100 billion yuan of annual revenue from its commercial vehicle (CV) business by 2025, as part of the development plan the automaker sets for its CV unit arm in the 14th Fi...
Sept. 24 , 2021
- SAIC Motor aims to peak carbon emissions, sell 2.7 million NEVs annually by 2025
SAIC Motor aims to sell over 2.7 million NEVs per year by 2025, making NEVs account for over 32% of the group’s total car sales, Wang Xiaoqiu, SAIC Motor's president.
Sept. 16 , 2021
- SAIC Motor says Aug. sales drop 10.08% year on year
SAIC Motor saw its monthly auto sales fall 10.08% year on year to 453,408 units in August, the company announced on Monday. The sales for the Jan.-Aug. period amounted to 3,103,239 units, ticking up 3...
Sept. 06 , 2021
