Articles Tagged with "SAIC"

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-GM-Wuling delivers over 130,000 vehicles in March despite viral spread
SAIC-GM-Wuling delivers over 130,000 vehicles in March despite viral spread

SAIC-GM-Wuling (SGMW), a joint venture between General Motors and two Chinese automakers, reported retail sales in March surpassed 130,000 units, a splendid surge compared to the virus-hit February.

Apr. 3 , 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
“Mask producer” SAIC-GM-Wuling starts producing mask-production machine
“Mask producer” SAIC-GM-Wuling starts producing mask-production machine

Now, SAIC-GM-Wuling has been involved in manufacturing the machine that outputs masks.

Feb. 20 , 2020