Articles Tagged with "SAIC"

SAIC-backed IM Motors plans for first public funding round
SAIC-backed IM Motors plans for first public funding round

The first public financing round of IM Motors, an electric vehicle joint venture among SAIC Motor, Alibaba Group and Zhangjiang Hi-Tech, has already been in the works, Liu Tao, co-CEO of IM Motors, recently revealed to a local media outlet.

May 6 , 2022
SAIC Motor’s revenue rises 5.08% YoY in 2021, but dips in Q1 2022
SAIC Motor’s revenue rises 5.08% YoY in 2021, but dips in Q1 2022

SAIC Motor announced today its full-year gross revenue in 2021 amounted to around 779.846 billion yuan ($117.309 billion), growing 5.08% year on year.

Apr. 29 , 2022
SAIC Motor’s ‘asset-light’ Rising Auto to launch at least one model per year
SAIC Motor’s ‘asset-light’ Rising Auto to launch at least one model per year

Compared to other auto brands, Rising Auto faces much less pressure in technology investment and production facility construction as it was born to enjoy the technologies, resources and capabilities of SAIC Motor.

Apr. 29 , 2022
SAIC-backed premium car brand IM announces price of L7 Pro
SAIC-backed premium car brand IM announces price of L7 Pro

IM Motor, a joint venture among SAIC Motor, Alibaba and Zhangjiang High-Tech, announced on March 29 the initial version of the IM L7, the IM L7 Pro, features a guiding price of 408,800 yuan ($64,300).

Mar. 30 , 2022
SAIC Motor, Tsingshan Group team up on power battery project in Liuzhou
SAIC Motor, Tsingshan Group team up on power battery project in Liuzhou

Liuzhou Saike Technology Development Co., Ltd. and Ruipu Energy Co., Ltd. on March 24 signed cooperation and investment agreements with local authorities of Liudong New District, Liuzhou to build a power battery and battery system industrial base

Mar. 25 , 2022
SAIC Motor breaks ground on 2nd phase of Zhengzhou engine base
SAIC Motor breaks ground on 2nd phase of Zhengzhou engine base

On March 22, SAIC Motor celebrated the ground-breaking for the second phase of its engine manufacturing base in Zhengzhou city, the capital of China's Henan province.

Mar. 23 , 2022