Search Results for "SAIC Motor"

300,000th vehicle for SAIC Motor PV’s Zhengzhou base rolls off production line on May 29
300,000th vehicle for SAIC Motor PV’s Zhengzhou base rolls off production line on May 29

SAIC Motor Passenger Vehicle (SAIC Motor PV), a wholly-owned subsidiary of China’s biggest auto group SAIC Motor, saw the 300,000th vehicle for its Zhengzhou plant officially roll off the production line on May 29.

May 30 , 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 said VW's plan to raise equity in JV has not been discussed
SAIC Motor said VW's plan to raise equity in JV has not been discussed

Recently, a report said that Volkswagen Group is going to raise its equity in China-based JV, including SAIC Volkswagen (SAIC VW). On March 18, SAIC Motor, SAIC VW’s Chinese parent company, officially issued an announcement to deny the news.

Mar. 18 , 2019
SAIC Motor posts 21.23% YoY decline in Feb. sales
SAIC Motor posts 21.23% YoY decline in Feb. sales

SAIC Motor reported on March 12 that its sales in February amounted to 362,945 units, sliding 21.23% compared with the same period a year ago.

Mar. 12 , 2019
SAIC Motor suffers year-on-year drop of 14.13% in Jan. sales
SAIC Motor suffers year-on-year drop of 14.13% in Jan. sales

SAIC Motor sold 611,502 vehicles last month, suffering an apparent year-on-year drop of 14.13%. It has to be mentioned that the sales number of SAIC GM Wuling Indonesia Co.,Ltd is newly added into the group’s sales report from January 2019.

Feb. 15 , 2019