Articles Tagged with "SAIC Motor"

SAIC Motor’s fuel cell tech arm SHPT to go public on STAR Market
SAIC Motor’s fuel cell tech arm SHPT to go public on STAR Market

SAIC Motor announced on Nov.25 its plan to spin off its fuel cell tech development unit, Shanghai Hydrogen Propulsion Technology Co., Ltd. (SHPT), and make the arm go public on the Science and Technology Innovation Board (the "STAR" Market).

Nov. 25 , 2021
SAIC Motor’s Feifan Auto makes debut at Auto Guangzhou 2021
SAIC Motor’s Feifan Auto makes debut at Auto Guangzhou 2021

SAIC Group’s Feifan Auto makes its debut at the Auto Guangzhou 2021 with its R7 SUV, marking its first time to participate in a public event after the name change (former R Auto).

Nov. 19 , 2021
SAIC Motor sees Jan.-Oct. sales edge down 0.21% YoY
SAIC Motor sees Jan.-Oct. sales edge down 0.21% YoY

For the first ten months of 2021, SAIC Motor sold a total of 4,201,180 new vehicles, representing a 0.21% slight drop year over year. The group's monthly sales reached 582,137 units in October, sliding 2.4% from the year-ago period.

Nov. 4 , 2021
SAIC Motor becomes direct shareholder of  Iveco's joint venture in China
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, according to Tianyancha.

Oct. 12 , 2021
SAIC Motor’s auto sales fall 14.36% YoY in Sept., while NEV sales surge 61.3%
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 decline for the fifth month in a row.

Oct. 11 , 2021
SAIC Motor’s Ningde plant reaches annual capacity of 240,000 PVs
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.

Sep. 29 , 2021