Articles Tagged with "SAIC"

SAIC Motor formally launches mobility brand Xiangdao Chuxing
SAIC Motor formally launches mobility brand Xiangdao Chuxing

Chinese state-owned automaker SAIC Motor formally launched its mobility brand known as “Xiangdao Chuxing” on December 18, saying it put the ride-hailing service into official operation from then on.

Dec. 19 , 2018
SAIC Motor Nov. sales drop 10.4% YoY, the third month in a row showing sales downturn
SAIC Motor Nov. sales drop 10.4% YoY, the third month in a row showing sales downturn

SAIC Motor sold 643,605 vehicles in November, suffering a year-on-year (YoY) drop of 10.4%, while its year-to-date (YTD) sales climbed 3.1% over the year-ago period to 6,392,038 units, according to the automaker’s official sales report.

Dec. 10 , 2018
SAIC Motor, Chongming District to jointly promote NEVs on Chongming Island
SAIC Motor, Chongming District to jointly promote NEVs on Chongming Island

SAIC Motor signed a strategic cooperation framework agreement with government of Shanghai Chongming District on November 22 to jointly build a green, ecological transportation system and a world-class ecological island.

Nov. 23 , 2018
SAIC Motor net profits rise 12.31% YoY for first three quarters
SAIC Motor net profits rise 12.31% YoY for first three quarters

From January to September, SAIC Motor’s revenues totaled RMB674.741 billion, climbing 10.97% over the previous year and the net profits attributable to shareholders grew 12.31% year on year (YoY) to RMB27.672 billion.

Oct. 30 , 2018
SAIC Volkswagen sees groundbreaking of NEV plant in Anting, Shanghai
SAIC Volkswagen sees groundbreaking of NEV plant in Anting, Shanghai

On October 19, SAIC Volkswagen’s NEV plant started construction in Anting Town, Shanghai’. Involving a total investment of RMB17 billion, the new NEV plant will be put into operation in 2020 with a planned annual capacity of 300,000 vehicles.

Oct. 19 , 2018
SAIC Motor posts YoY decline of 8.2% in September sales
SAIC Motor posts YoY decline of 8.2% in September sales

SAIC Motor reported a year-on-year (YoY) drop of 8.2% in sales with 610,734 vehicles delivered in September. For the first nine months, the automaker delivered 5,146,556 vehicles in total, a year-on-year increase of 6.7%.

Oct. 12 , 2018