Articles Tagged with "SAIC"

Top stories of SAIC Motor in 2019
Top stories of SAIC Motor in 2019

Gasgoo hereby summarized the major events that to some degree delineate the development track of SAIC Motor’s 2019.

Jan. 28 , 2020
SAIC Motor’s 2019 net profit forecasted to tumble 28.9% YoY
SAIC Motor’s 2019 net profit forecasted to tumble 28.9% YoY

SAIC Motor’s 2019 net profit attributable to shareholders of the public company is projected to reach roughly RMB25.6 billion, tumbling 28.9% compared with 2018, the automaker announced on January 13.

Jan. 14 , 2020
SAIC Motor gains YoY sales growth after 15-straight-month downturn
SAIC Motor gains YoY sales growth after 15-straight-month downturn

SAIC Motor announced its annual sales in 2019 shrank 11.54% from a year ago to 6,237,950 units. However, after suffering 15-straight-month year-on-year downturn, the Chinese biggest automaker finally posted growth in December.

Jan. 8 , 2020
SAIC Motor, China Post to team up on vehicle procurement, auto finance, express & logistics
SAIC Motor, China Post to team up on vehicle procurement, auto finance, express & logistics

SAIC Motor on December 9 inked a framework agreement with China Post Group to carry out strategic collaboration on complete vehicle procurement, fleet operation, finance, express & logistics and market expansion.

Dec. 11 , 2019
SAIC Volkswagen gets sales growth after 14-successive-month downturn
SAIC Volkswagen gets sales growth after 14-successive-month downturn

After eleven months of the year passed, SAIC Motor, the Chinese largest automaker, has not got sales rebound yet. According to the latest sales report, the automaker posted 9.58% and 13.33% year-on-year decline in November and year-to-date sales.

Dec. 9 , 2019
SAIC-GM to invest RMB80 billion in next five years
SAIC-GM to invest RMB80 billion in next five years

SAIC-GM, a joint venture between General Motors and SAIC Motor, will invest roughly RMB80 billion ($11.3 billion) in the JV’s R&D, technologies and factories from 2020 through 2024, to keep up with the industry mega trends.

Dec. 4 , 2019