Articles Tagged with "SAIC Motor"

SAIC Motor likely to launch global first 5G-enabled vehicle in April, 2020
SAIC Motor likely to launch global first 5G-enabled vehicle in April, 2020

Chinese largest automaker SAIC Motor is said to launch its first 5G-powered model, which is also the unprecedented one to the world, in April, 2020, according to a local media outlet.

Oct. 29 , 2019
SAIC Motor’s sales still drop in Sept., but self-owned PV arm gains evident growth
SAIC Motor’s sales still drop in Sept., but self-owned PV arm gains evident growth

SAIC Motor posted the 13th-month-in-a-row year-on-year sales downturn as of September, 2019, according to the company’s latest sales report.

Oct. 12 , 2019
SAIC Motor’s Ningde PV base begins production, really close to CATL
SAIC Motor’s Ningde PV base begins production, really close to CATL

On September 28, Chinese largest automaker SAIC Group formally completed the construction of the Ningde base, its fourth manufacturing base for self-owned PVs following the facilities in Lingang of Shanghai, Pukou of Nanjing and Zhengzhou.

Sep. 29 , 2019
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