Articles Tagged with "SAIC"

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
SAIC Motor achieves YoY growth of 1.75% in 2018 sales
SAIC Motor achieves YoY growth of 1.75% in 2018 sales

SAIC Motor sold a total of 7,051,734 vehicles throughout 2018, achieving a year-on-year (YoY) growth of 1.75% and gaining 24% of market shares in China, the automaker reported on January 4.

Jan. 4 , 2019
SAIC VW again crowned China’s champion PV maker by selling 2.065 million vehicles in 2018
SAIC VW again crowned China’s champion PV maker by selling 2.065 million vehicles in 2018

SAIC Volkswagen (SAIC VW) reported an annual sales volume of 2,065,077 vehicles in 2018, the fourth year in a row becoming the champion PV automaker in China. The yearly sales of VW brand and Skoda were around 1,713,000 units and 352,000 units.

Jan. 3 , 2019
SAIC-owned HUAYU Automotive sells out JV stake to focus on self-development
SAIC-owned HUAYU Automotive sells out JV stake to focus on self-development

HUAYU Automotive Systems Co., Ltd. (HASCO) announced in recent days that it plans to sell its 50 stake in Shanghai TRW Automotive Safety Systems Co., Ltd. (Shanghai TRW) to TRW Asia Pacific Co.,Ltd (TRW Asia) with a value of RMB80.71 million.

Dec. 25 , 2018