Articles Tagged with "SAIC"

SAIC Motor PV sales soar 50% YoY in April
SAIC Motor PV sales soar 50% YoY in April

SAIC Motor boasted a year-on-year sales growth of 13.5% with 569,110 vehicles delivered in April. Meanwhile, the automaker delivered a total of 2,391,530 vehicles in the first four months, up 11% from a year ago, the group announced on May 7.

May 8 , 2018
SAIC Group Q1 net profit rises 17.5% year on year, meeting market expectation
SAIC Group Q1 net profit rises 17.5% year on year, meeting market expectation

SAIC Group gained revenue of RMB 238.83 billion in the first quarter, jumping 21.7% year on year. The net profit rose 17.5% year on year to RMB 9.71 billion, according to SAIC Group’s Q1 report released on Apr. 28.

May 2 , 2018
SAIC Motor starts construction of Ningde PV production base
SAIC Motor starts construction of Ningde PV production base

SAIC Motor officially started the construction of its PV (passenger vehicle) manufacturing base in Ningde, Fujian Province (hereinafter, Ningde base) on April 28.

May 2 , 2018
SAIC Motor become No.1 profitable automaker in China with net profit of RMB 34.41 billion
SAIC Motor become No.1 profitable automaker in China with net profit of RMB 34.41 billion

SAIC Motor reported operation revenue up to RMB 870.639 billion, jumping 15.10% year on year. Meanwhile, the net profit attributable to shareholders increased 7.51% from the previous year to a record high of RMB 34.41 billion.

Mar. 30 , 2018
SAIC Motor, CATL sign MoU on power battery recycling
SAIC Motor, CATL sign MoU on power battery recycling

SAIC Motor and Contemporary Amperex Technology Limited (CATL), China's leading power battery maker, signed a strategic memorandum of understanding (MoU) on March 22 to develop a deeper cooperation on new energy vehicle (NEV) battery recycling.

Mar. 23 , 2018
Audi senior executive joins SAIC VW to speed up SAIC-Audi channel building
Audi senior executive joins SAIC VW to speed up SAIC-Audi channel building

According to local media, Fred Schulze, currently the director of Audi’s C-class and D-class SUV as well as crossover models, has been appointed technical executive vice president of SAIC VOLKSWAGEN (SAIC VW) in Shanghai.

Mar. 21 , 2018