Articles Tagged with "SAIC"

SAIC Motor reports first-quarter net profit decline of 86.42%
SAIC Motor reports first-quarter net profit decline of 86.42%

China’s largest automaker, SAIC Motor, announced net profit slump for the first quarter of 2020, according to a report released on April 30.

Apr. 30 , 2020
SAIC Volkswagen’s new smart connected system used in 2020 Passat first
SAIC Volkswagen’s new smart connected system used in 2020 Passat first

On April 20, SAIC Volkswagen (SAIC VW) launched the new in-car smart connected system, which is first used in the 2020 all-new Passat that hit the market on the same day.

Apr. 21 , 2020
SAIC Motor 2019 net profit down by 28.9% YoY
SAIC Motor 2019 net profit down by 28.9% YoY

SAIC Motor announced its annual net profit attributable to shareholders slumped 28.9% year on year to RMB25.603 billion, showing the first-time downturn since the group went public in 2011.

Apr. 14 , 2020
SAIC-GM-Wuling makes Wuling brand 100% meet China Ⅵ standard
SAIC-GM-Wuling makes Wuling brand 100% meet China Ⅵ standard

On March 9, SAIC-GM-Wuling, General Motors’ light-vehicle joint venture with two Chinese automakers, put 28 variants of “China Ⅵ” models onto the market at a stroke, with guiding prices ranging from RMB34,800 to RMB74,800.

Mar. 9 , 2020
SAIC posts slump in domestic market, but makes stride in overseas business
SAIC posts slump in domestic market, but makes stride in overseas business

China's biggest automaker SAIC Motor today reported that its auto sales in Feb. reached 47,365 units, versus 362,945 units sold in the year-ago period. Besides, the sales for the first two months aggregated 447,573 units, plunging 54.07% YoY.

Mar. 6 , 2020
SAIC’s two subsidiaries said to adjust salary to weather virus-hit period
SAIC’s two subsidiaries said to adjust salary to weather virus-hit period

Two subsidiaries of Shanghai-based SAIC Motor—SAIC Maxus and Shanghai Huizhong Automobile Manufacturing Co.,Ltd. (SHAC)—have reportedly started adjusting salaries of employees.

Mar. 6 , 2020