Articles Tagged with "SAIC Motor"

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
SAIC Motor’s auto sales tumble in Jan., but indigenous brands stil defy gravity
SAIC Motor’s auto sales tumble in Jan., but indigenous brands stil defy gravity

SAIC Motor saw its sales in January tumbled 34.55% over a year ago, versus the estimated 18% drop in the industry’s total reported by the China Association of Automobile Manufacturers (CAAM).

Feb. 18 , 2020
Chinese auto giants SAIC Motor, GAC Group become strategic partners
Chinese auto giants SAIC Motor, GAC Group become strategic partners

On December 23, SAIC Motor joined hands with GAC Group for a wide range of strategic cooperation.

Dec. 23 , 2019
SAIC Motor, China Post to team up on vehicle procurement, auto finance, express & logistics
SAIC Motor, China Post to team up on vehicle procurement, auto finance, express & logistics

SAIC Motor on December 9 inked a framework agreement with China Post Group to carry out strategic collaboration on complete vehicle procurement, fleet operation, finance, express & logistics and market expansion.

Dec. 11 , 2019
SAIC Motor ambitious to break threshold of 1-million-unit overseas sales by 2025
SAIC Motor ambitious to break threshold of 1-million-unit overseas sales by 2025

China’s largest automaker SAIC Motor expects its overseas auto sales to reach 1 million units by 2025, according to a senior executive of the company, as more automakers are seeking growth in global businesses amid the slowdown in domestic market.

Nov. 15 , 2019