Articles Tagged with "SAIC Motor"

SAIC Motor reports sliding sales for first ten months
SAIC Motor reports sliding sales for first ten months

SAIC Motor has been suffering year-on-year sales drop for 14 consecutive months as of October, 2019.

Nov. 11 , 2019
SAIC Motor gets double-digit drop in Q1-Q3 revenue, net profit
SAIC Motor gets double-digit drop in Q1-Q3 revenue, net profit

SAIC Motors posted double-digit decline in both revenue and net profit for the first nine months of 2019, according to a quarterly financial report the company released on October 30.

Oct. 31 , 2019
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 posts decline in both first-half revenue, net profit
SAIC Motor posts decline in both first-half revenue, net profit

China’s largest automaker SAIC Motor reported double-digit year-on-year decrease in both first-half revenue and net profit attributable to shareholders amongst a prolonged downturn in China’s auto market.

Aug. 30 , 2019
SAIC Motor’s July sales show smaller year-on-year drop
SAIC Motor’s July sales show smaller year-on-year drop

SAIC Motor reported July sales of 439,794 units, posting a decline of 9.29% over a year ago, versus the 15.97% year-on-year decrease in June sales.

Aug. 10 , 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