Articles Tagged with "SAIC"

SAIC Motor posts 18.95% YoY growth in H1 net profit
SAIC Motor posts 18.95% YoY growth in H1 net profit

SAIC Motor reported a year-on-year jump of 18.95% in net profit with earning RMB 18.982 billion for the first six months.

Aug. 31 , 2018
Tesla denies hiring staff members from SAIC with triple salaries for Shanghai plant
Tesla denies hiring staff members from SAIC with triple salaries for Shanghai plant

On Aug. 5, Tesla firstly released their urgently employed posts on its official WeChat, including EPC engineering director, project manager on government issues, civil engineer, mechanical designer, legal consultants, and senior finance manager.

Aug. 7 , 2018
SAIC Motor YTD sales top 4 million units by the end of July
SAIC Motor YTD sales top 4 million units by the end of July

SAIC Motor posted a year-on-year sales growth of 6.4% with 483,726 vehicles delivered in July. Meanwhile, the automaker Jan-to-July sales amounted to 4,003,744 units, climbing 10.3% compared with the same period in previous year.

Aug. 6 , 2018
SAIC Motor builds first AI lab in China auto industry
SAIC Motor builds first AI lab in China auto industry

SAIC Motor announced the establishment of its artificial intelligence (AI) laboratory on June 29. This is the first AI lab in China’s automobile industry which is designed to develop AI applications and solutions.

Jun. 29 , 2018
First SAIC-Audi model likely to debut in 2022
First SAIC-Audi model likely to debut in 2022

Chen Hong, chairman of SAIC Group revealed that Audi has acquired a 1% stake in SAIC-VW. Audi’s 1% stake acquisition in SAIC-VW will lay a solid foundation for the development and manufacturing of first SAIC-Audi model.

Jun. 27 , 2018
Audi confirmed to acquire equity in SAIC-VW
Audi confirmed to acquire equity in SAIC-VW

Audi has acquired 1% stake in SAIC-VW, according to Chen Hong, chairman of SIAC Group, who revealed the news on June 25 at SAIC Group’s 2017 general shareholders’ meeting.

Jun. 26 , 2018