Articles Tagged with "SAIC Group "

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
SAIC Motor’s Ningde plant reaches annual capacity of 240,000 PVs
SAIC Motor’s Ningde plant reaches annual capacity of 240,000 PVs

SAIC Motor’s car assembly plant in Ningde, Fujian province is currently able to output 240,000 new vehicles per year and its annual capacity can peak at 300,000 units.

Sep. 29 , 2021
SAIC Motor aims to peak carbon emissions, sell 2.7 million NEVs annually by 2025
SAIC Motor aims to peak carbon emissions, sell 2.7 million NEVs annually by 2025

SAIC Motor aims to sell over 2.7 million NEVs per year by 2025, making NEVs account for over 32% of the group’s total car sales, Wang Xiaoqiu, SAIC Motor's president.

Sep. 16 , 2021
SAIC invests in Momenta’s new funding round
SAIC invests in Momenta’s new funding round

According to local media outlet Xchuxing, Momenta has completed another new round of financing, led by General Motors which invested a total of $400 million.

Sep. 16 , 2021
Wuling brand’s first SUV model with global silver logo to go on sale soon
Wuling brand’s first SUV model with global silver logo to go on sale soon

The Wuling Asta, the first strategic SUV model bearing Wuling brand’s global silver badge, will hit the market on September 16, SAIC-GM-Wuling (SGMW) announced on Monday via its WeChat account.

Sep. 13 , 2021