Articles Tagged with "SAIC"

SAIC Motor to acquire 28.92% stake in CAR Inc. for mobility service development
SAIC Motor to acquire 28.92% stake in CAR Inc. for mobility service development

SAIC Motor announced on July 2 that its wholly-owned subsidiary SAIC Motor HK Investment Limited (SAIC HK) plans to acquire not fewer than 613,377,424 shares in CAR Inc., a Hong Kong-listed mobility service provider.

Jul. 3 , 2020
SAIC Motor says May sales only drop 1.63% YoY
SAIC Motor says May sales only drop 1.63% YoY

SAIC Motor reported a wholesale volume of 473,064 vehicles in May, representing a slight year-on-year decrease of 1.63%. With 1,569,652 units sold in total, the Chinese automaker posted a 36.47% decline for the first five months.

Jun. 8 , 2020
SAIC-GM-Wuling launches Rongguang vending microvan to uphold “stall economy”
SAIC-GM-Wuling launches Rongguang vending microvan to uphold “stall economy”

SAIC-GM-Wuling (SGWM), a joint venture among General Motors, SAIC Motors and Liuzhou Wuling Motors, launched on June 2 a new Rongguang microvan that can be converted into a mobile stall or booth to support the so-called “stall economy”.

Jun. 4 , 2020
SAIC Motor achieves slight growth in April retail sales
SAIC Motor achieves slight growth in April retail sales

Benefitting from the resilient demand, SAIC Motor, China’s largest automaker saw its auto wholesale volume surge to 417,560 units in April from 231,455 units in March.

May 8 , 2020
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