Articles Tagged with "SAIC Motor"

SAIC Motor, China Baowu to team up on hydrogen application, smart supply chain
SAIC Motor, China Baowu to team up on hydrogen application, smart supply chain

SAIC Motor signed on July 15 a framework agreement with China Baowu Group to carry out all-round cooperation on such areas as hydrogen utilization, integrated materials for automobiles, smart supply and industrial finance.

Jul. 16 , 2020
SAIC Motor records 2020’s first-time YoY sales growth
SAIC Motor records 2020’s first-time YoY sales growth

SAIC Motor sold 479,464 new vehicles in June, achieving a 2.77% year-on-year growth. This is also the first-time increase the Chinese biggest automaker gained in 2020.

Jul. 7 , 2020
SAIC Motor to acquire 28.92% stake in CAR Inc. for mobility service development
SAIC Motor to acquire 28.92% stake in CAR Inc. for mobility service development

SAIC Motor announced on July 2 that its wholly-owned subsidiary SAIC Motor HK Investment Limited (SAIC HK) plans to acquire not fewer than 613,377,424 shares in CAR Inc., a Hong Kong-listed mobility service provider.

Jul. 3 , 2020
SAIC Motor reports first-quarter net profit decline of 86.42%
SAIC Motor reports first-quarter net profit decline of 86.42%

China’s largest automaker, SAIC Motor, announced net profit slump for the first quarter of 2020, according to a report released on April 30.

Apr. 30 , 2020
SAIC Motor 2019 net profit down by 28.9% YoY
SAIC Motor 2019 net profit down by 28.9% YoY

SAIC Motor announced its annual net profit attributable to shareholders slumped 28.9% year on year to RMB25.603 billion, showing the first-time downturn since the group went public in 2011.

Apr. 14 , 2020
SAIC Motor’s Q1 sales tumble 55.71% from the previous year
SAIC Motor’s Q1 sales tumble 55.71% from the previous year

SAIC Motor saw its first-quarter (Q1) sales slump 55.71% from a year ago to 679,028 units with most of its subsidiaries hit by the coronavirus-caused downturn as well.

Apr. 14 , 2020