Articles Tagged with "SAIC"

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 Motor’s Q1 sales tumble 55.71% from the previous year
SAIC Motor’s Q1 sales tumble 55.71% from the previous year

SAIC Motor saw its first-quarter (Q1) sales slump 55.71% from a year ago to 679,028 units with most of its subsidiaries hit by the coronavirus-caused downturn as well.

Apr. 14 , 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
SAIC-GM-Wuling builds China’s first logistics route for autonomous vehicles
SAIC-GM-Wuling builds China’s first logistics route for autonomous vehicles

SAIC-GM-Wuling (SGMW), General Motors’ light-vehicle joint venture with China’s SAIC Motor, announced on March 5 it has launched a logistics route specifically designed for autonomous vehicles, the first-of-its kind one in China.

Mar. 6 , 2020