Articles Tagged with "SAIC Motor"

SAIC Motor’s 2020 net profit likely to dip 21.89% YoY
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’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 fifth year in a row.

Jan. 7 , 2021
SAIC Motor announces registration of premium EV-focused Zhiji Motor
SAIC Motor announces registration of premium EV-focused Zhiji Motor

Zhiji Motor Technology Co.,Ltd., a joint venture among SAIC Motor, Shanghai Zhangjiang Hi-Tech Development Co.,Ltd. (Zhangjiang Hi-Tech) and Alibaba Group, was formally registered on Dec. 25 in Pudong New Area in Shanghai, according to SAIC Motor.

Dec. 26 , 2020
SAIC Motor, Alibaba to team up on new retail business
SAIC Motor, Alibaba to team up on new retail business

SAIC Motor and the e-commerce giant Alibaba Group entered into a cooperation agreement on November 8 to jointly boost the digital transition for automotive retail business, the automaker announced via its WeChat account.

Nov. 10 , 2020
SAIC Motor records fifth-consecutive-month YoY growth in Oct. 2020
SAIC Motor records fifth-consecutive-month YoY growth in Oct. 2020

SAIC Motor gained a 9.61% year-on-year growth in October with 596,719 new vehicles sold. Thanks to the fifth-consecutive-month increase, the decrease in year-to-date sales shrank to 15.09%.

Nov. 9 , 2020
SAIC Motor’s self-owned brands aim to sell over 100,000 units in Europe in 2025
SAIC Motor’s self-owned brands aim to sell over 100,000 units in Europe in 2025

Chinese largest auto marker SAIC Motor announced on October 20 it is ambitious to make the annual sales volume of its self-owned brands exceed 100,000 vehicles in 2025 in Europe, where a number of global auto giants make significant deployment.

Oct. 21 , 2020