Articles Tagged with "SAIC Group "

SAIC Motor new branch to run R Auto independently
SAIC Motor new branch to run R Auto independently

China’s largest automobile company SAIC Motor announced a new company to be responsible for the independent operation for its R brand today, and named the head of the new company.

Oct. 29 , 2021
SAIC Motor sees Q3 net profit drop 14.75% YoY
SAIC Motor sees Q3 net profit drop 14.75% YoY

In Q3, SAIC Motor's net profit attributable to shareholders reached 7.036 billion yuan ($1.101 billion), falling 14.75% compared to the year-ago period.

Oct. 29 , 2021
SAIC’s Z-ONE to build joint innovation hub with ZTE for auto OS, chips, 5G-V2X tech
SAIC’s Z-ONE to build joint innovation hub with ZTE for auto OS, chips, 5G-V2X tech

Z-ONE signed on Oct. 26 a strategic cooperation MoU with ZTE Corporation to build a joint innovation center dedicated to the R&D of in-car operating systems, automotive-grade chips, 5G-V2X-enabled auto communications, and other technologies.

Oct. 27 , 2021
Sales of SGMW’s Wuling Asta SUV hit 10,000 units in less than one month
Sales of SGMW’s Wuling Asta SUV hit 10,000 units in less than one month

The total sales of the Wuling Asta, the first strategic SUV model bearing Wuling brand’s global silver badge, topped 10,000 units as of October 12, only 26 days after the model hit the market, SAIC-GM-Wuling (SGMW) announced on Tuesday.

Oct. 12 , 2021
SAIC Motor becomes direct shareholder of  Iveco's joint venture in China
SAIC Motor becomes direct shareholder of Iveco's joint venture in China

Nanjing Iveco Automobile Co.,Ltd. (Naveco), a Nanjing-based company principally engaging in manufacturing light-duty commercial vehicle, recently introduced SAIC Motor as a director investor, according to Tianyancha.

Oct. 12 , 2021
SAIC Motor’s auto sales fall 14.36% YoY in Sept., while NEV sales surge 61.3%
SAIC Motor’s auto sales fall 14.36% YoY in Sept., while NEV sales surge 61.3%

SAIC Motor said its new vehicle sales reached 515,804 units last month, dropping 14.36% compared to the previous year. As of Sept. 2021, the Shanghai-based auto giant had posted year-on-year sales decline for the fifth month in a row.

Oct. 11 , 2021