Articles Tagged with "SAIC"

SAIC Motor's Jan.-Apr. sales in 2019 drop 16.8%
SAIC Motor's Jan.-Apr. sales in 2019 drop 16.8%

SAIC Motor sold 456,826 vehicles in April, suffering a double-digit decrease of 19.73%, the automaker announced on May 7. This was the eighth month in a row recording year-on-year negative growth.

May 9 , 2019
SAIC Motor Q1 net profit shrinks 15% following sales decline
SAIC Motor Q1 net profit shrinks 15% following sales decline

China’s biggest auto group SAIC Motor saw its net profit attributable to shareholders of the list company in the first quarter slide 15% year on year to RMB8.251 billion, according to its Q1 report released on April 29.

May 2 , 2019
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage
SAIC Motor launches “Xiangdao Zuche” mobility service brand for enterprise usage

SAIC Motor announced on April 28 that it has officially launched the enterprise-class mobility service brand dubbed “Xiangdao Zuche” as part of upgrading strategy for “Xiangdao Chuxing”, a mobility service brand launched in last December.

Apr. 29 , 2019
SAIC Motor said VW's plan to raise equity in JV has not been discussed
SAIC Motor said VW's plan to raise equity in JV has not been discussed

Recently, a report said that Volkswagen Group is going to raise its equity in China-based JV, including SAIC Volkswagen (SAIC VW). On March 18, SAIC Motor, SAIC VW’s Chinese parent company, officially issued an announcement to deny the news.

Mar. 18 , 2019
SAIC-GM to roll out 60 new models from 2019 to 2023 with NEV offensive strengthened
SAIC-GM to roll out 60 new models from 2019 to 2023 with NEV offensive strengthened

SAIC-GM, a joint venture between General Motors and SAIC Motor, plans to roll out more than 60 all-new models and refresh models from 2019 to 2023, including 9 brand-new China-made NEV models, the automaker announced on March 12.

Mar. 13 , 2019
SAIC Motor posts 21.23% YoY decline in Feb. sales
SAIC Motor posts 21.23% YoY decline in Feb. sales

SAIC Motor reported on March 12 that its sales in February amounted to 362,945 units, sliding 21.23% compared with the same period a year ago.

Mar. 12 , 2019