Articles Tagged with "SAIC"

SAIC Motor’s self-owned brands aim to sell over 100,000 units in Europe in 2025
SAIC Motor’s self-owned brands aim to sell over 100,000 units in Europe in 2025

Chinese largest auto marker SAIC Motor announced on October 20 it is ambitious to make the annual sales volume of its self-owned brands exceed 100,000 vehicles in 2025 in Europe, where a number of global auto giants make significant deployment.

Oct. 21 , 2020
Production planning of SAIC Volkswagen’s MEB e-factory emerges
Production planning of SAIC Volkswagen’s MEB e-factory emerges

With a predicted annual capacity of 360,000 vehicles for the first phase, the SAIC VW's MEB factory is said to manufacture the Audi Q4 Sport e-tron, the Volkswagen ID.4 X, the mass-produced version of the ID.ROOMZZ and the SKODA ENYAQ.

Oct. 16 , 2020
SAIC Motor said to launch new intelligent EV brand code-named “L”
SAIC Motor said to launch new intelligent EV brand code-named “L”

Chinese largest automaker SAIC Motor intends to launch an all-new intelligent EV brand code-named “L”, which will operate businesses as an independent company, according to a local media outlet.

Oct. 14 , 2020
SAIC Motor records 2020’s first-time single-month sales of over 500,000 units in Aug.
SAIC Motor records 2020’s first-time single-month sales of over 500,000 units in Aug.

SAIC Motor saw its August new vehicles sales climbed 3.57% year on year to 504,236 units, topping 500,000 units for the first time so far this year, according to the automaker’s sales report.

Sep. 7 , 2020
SAIC Motor secures 50 bln yuan credit line from the Export-Import Bank of China
SAIC Motor secures 50 bln yuan credit line from the Export-Import Bank of China

Chinese largest automaker SAIC Motor said it signed an agreement on September 1 with the Export-Import Bank of China for a credit line worth 50 billion yuan ($7.315 billion).

Sep. 2 , 2020
SAIC Motor boasts robust growth in second-quarter net profit
SAIC Motor boasts robust growth in second-quarter net profit

For the first half of 2020, SAIC Motor’s gross revenue fall 24.6% over a year ago to 283.74 billion yuan ($41,253,921,557), and its net profit attributable to shareholders tumbled 39.01% to 8.394 billion yuan ($1,220,469,194).

Aug. 28 , 2020