Articles Tagged with "SAIC"

Bright spots of SAIC’s self-owned brands at Auto Shanghai 2021
Bright spots of SAIC’s self-owned brands at Auto Shanghai 2021

At the Auto Shanghai 2021, SAIC Motor’s self-owned PV brands—Roewe, MG and R Auto—all brought their newest products. Notably, the auto giant also caused many heads to turn with an independent boot particularly set for the newborn EV brand IM.

Apr. 28 , 2021
SAIC, Alibaba-backed EV brand IM begins presale of first model L7
SAIC, Alibaba-backed EV brand IM begins presale of first model L7

At the Auto Shanghai 2021, IM, the premium EV brand SAIC Motor jointly develops with Alibaba and Shanghai’s Zhangjiang Hi-Tech Group, announced that the “Angle Round” version of the L7, its first mass-produced model, is priced at 408,800 yuan.

Apr. 19 , 2021
SAIC’s Z-ONE launches SOA digital platform for software developers
SAIC’s Z-ONE launches SOA digital platform for software developers

Z-ONE, SAIC Motor’s software unit founded in July 2020, launched the SOA digital platform on April 9, which allows software developers to code and release car-based applications in an app store.

Apr. 12 , 2021
SAIC Motor posts 20.2% YoY drop in 2020 net profit
SAIC Motor posts 20.2% YoY drop in 2020 net profit

SAIC Motor announced on Thursday its revenue in 2020 dropped 12.52% year on year to roughly 723.043 billion yuan ($110.56 billion), while the full-year net profit attributable to shareholders fell 20.2% to 20.431 billion yuan ($3.124 billion).

Mar. 25 , 2021
SAIC Motor’s R brand rolls out new tech brand ‘R-TECH’
SAIC Motor’s R brand rolls out new tech brand ‘R-TECH’

SAIC Motor launched on March 18 the all-new technology brand “R-TECH” to serve the vehicles under the R brand, the group’s high-end all-electric passenger vehicle marque.

Mar. 19 , 2021
Momenta draws capital from SAIC, Toyota, Bosch, others
Momenta draws capital from SAIC, Toyota, Bosch, others

Chinese autonomous driving startup Momenta announced on March 19 it has raised $500 million for its Series C funding, which is led by SAIC Motor, Toyota, Bosch, Temasek and YunFeng Capital.

Mar. 19 , 2021