- Momenta draws capital from SAIC, Toyota, Bosch, others
Chinese autonomous driving startup Momenta announced on March 19 it has raised $500 million for its Series C funding, which is led by SAIC Motor, Toyota, Bosch, Temasek and YunFeng Capital.
Mar. 19 , 2021
- SAIC Motor sees Feb. sales skyrocket 420.38% YoY
SAIC Motor boasted a marvelous hike of 420.38% year on year in Feb. by selling 246,476 units. The remarkable growth was mainly credited to the low year-ago base caused by the coronavirus pandemic.
Mar. 08 , 2021
- SAIC Motor’s chairman proposes greater endeavors to boost localization of auto-grade chips
Chen Hong, chairman of China’s biggest automaker SAIC Motor, proposed greater efforts to increase the application of locally-produced automotive-grade chips.
Mar. 01 , 2021
- Top stories of SAIC Motor in 2020
We hereby selected some noteworthy stories for you reviewing SAIC’s experience last year.
Feb. 17 , 2021
- SAIC Motor aims to sell 10 million vehicles per year for 2021-2025 period
SAIC Motor is ambitious to sell roughly 10 million new vehicles per year during the 14th five-year plan period (2021—2025), said the automaker.
Jan. 29 , 2021
- SAIC, Alibaba-backed premium EV brand “IM” makes world’s debut
The premium auto brand “IM” (dubbed “Zhiji Motor” in Chinese) jointly developed by SAIC Motor, Alibaba and Shanghai’s Pudong New Area was formally launched on Jan. 13. Meanwhile, two concept...
Jan. 13 , 2021
- SAIC Motor’s 2020 net profit likely to dip 21.89% YoY
SAIC Motor said its annual net profit attributable to shareholders in 2020 is anticipated to slump 21.89% year on year to roughly 20 billion yuan ($3.085 billion).
Jan. 11 , 2021
- SAIC Motor’s auto sales drop 10.22% in 2020
SAIC Motor announced its full-year sales dipped 10.22% from a year ago to 5,600,482 units last year. Despite the decrease, the company was honored the No.1 Chinese automaker by annual sales for the fi...
Jan. 07 , 2021
