Articles Tagged with "SAIC Motor"

SAIC Motor ready to issue RMB20 billion worth of bonds to raise capital for R&D innovation
SAIC Motor ready to issue RMB20 billion worth of bonds to raise capital for R&D innovation

SAIC Motor is ready to apply for public issuance of RMB20 billion worth of bonds by means of shelf offering and the plan has been approved by the company’s board of directors and supervisory board, the China’s biggest auto group announced on July 19.

Jul. 24 , 2019
SAIC Motor posts 16.62% year-on-year decline in H1 2019 sales
SAIC Motor posts 16.62% year-on-year decline in H1 2019 sales

SAIC Motor said on July 4 its vehicle sales for the first half of 2019 declined 16.62% year on year to 2,937,296 units.

Jul. 5 , 2019
SAIC Motor boasts around 40% year on year surge in H1 2019 NEV sales
SAIC Motor boasts around 40% year on year surge in H1 2019 NEV sales

China’s biggest auto group SAIC Motor has sold over 80,000 NEVs in the first half of the year, a year-on-year surge of 40%, the automaker announced on July 2.

Jul. 2 , 2019
SAIC Motor's Jan.-Apr. sales in 2019 drop 16.8%
SAIC Motor's Jan.-Apr. sales in 2019 drop 16.8%

SAIC Motor sold 456,826 vehicles in April, suffering a double-digit decrease of 19.73%, the automaker announced on May 7. This was the eighth month in a row recording year-on-year negative growth.

May 9 , 2019
SAIC Motor Q1 net profit shrinks 15% following sales decline
SAIC Motor Q1 net profit shrinks 15% following sales decline

China’s biggest auto group SAIC Motor saw its net profit attributable to shareholders of the list company in the first quarter slide 15% year on year to RMB8.251 billion, according to its Q1 report released on April 29.

May 2 , 2019
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage

SAIC Motor announced on April 28 that it has officially launched the enterprise-class mobility service brand dubbed “Xiangdao Zuche” as part of upgrading strategy for “Xiangdao Chuxing”, a mobility service brand launched in last December.

Apr. 29 , 2019