Tag: SAIC
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SAIC Weekly|SAIC Releases 2024 Half-Year Report, Profits Reach $6.63 Billion / SAIC Group Sells 619,000 New Energy Vehicles from January to August
SAIC (Shanghai Automotive) reported a profit of $6.63 billion for the first half of 2024 and sold 619,000 new energy vehicles from January to August. According to the half-year report released on August 29, the company wholesaled 1.827 million vehicles and delivered 2.115 million vehicles to terminals in the first half of the year. Additionally,…
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SAIC|SAIC Group Sold Over 86,000 New Energy Vehicles in August, with Total Sales Reaching 619,000 Units from January to August
In August 2024, SAIC Group sold over 86,000 new energy vehicles, bringing the total sales from January to August to 619,000 units. This represents an approximately 11% year-on-year increase, reflecting continued growth in the new energy vehicle market. Source: SAIC Group (September 1, 2024 17:14)
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SAIC Weekly|EU Issues Preliminary Final Decision on Anti-Subsidy Case, SAIC to Overcome Short-Term Impact and Strive for Compensation/SAIC Group and ZTE Hold Global Platform Launch for China’s Leading Automotive Cloud Communication Product
On August 26, 2024, the European Commission issued a preliminary final decision on the anti-subsidy investigation, estimating a subsidy rate of 36.3% for SAIC. The final decision is expected by October 30. SAIC announced its commitment to overcoming the short-term impact and taking legal measures to protect its rights. On the same day, SAIC and…
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SAIC and ZTE|”Connecting Wirelessly, Driving Cars into the Future” Deepen Strategic Cooperation and Launch Global Platform for Domestic Car Cloud Communication Products
SAIC Motor Corporation (SAIC) and ZTE Corporation (ZTE) jointly held a press conference on August 20, 2024, with the theme “Connecting Wirelessly, Driving Cars into the Future,” and signed an agreement to deepen strategic cooperation. SAIC introduced the world’s first major in-vehicle cloud communication product, applying it to self-branded vehicles like the MG7, enhancing the…
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SAIC|Zhiji IM AD City NOA Covers 69 Cities Nationwide/SAIC Passenger Cars Win Shanghai’s “Quality Benchmark” Honor
SAIC, Leader in Innovation and Quality August 19, 2024 16:01 Zhiji IM AD City NOA now covers 69 cities nationwide through the new IMOS 3.1.0 update, offering high-precision smart driving experiences to more users. Additionally, SAIC passenger cars have been awarded Shanghai’s “Quality Benchmark” honor, leading high-quality innovation in the industry. SAIC-GM Wuling received the…
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SAIC|SAIC Ranks 93rd in 2024 Fortune Global 500/Delivers 2.45 Million Vehicles from January to July
SAIC, Published August 12, 2024SAIC ranked 93rd in the 2024 Fortune Global 500, continuing to lead as the top Chinese automotive company. From January to July, SAIC delivered 2.45 million vehicles, with new energy vehicle sales up 25.2% year-over-year and overseas sales up 10% year-over-year. Additionally, SAIC partnered with the Han Hong Foundation to donate…
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SAIC|Production and Sales Express|Delivered 2.45 Million Vehicles from January to July, Maintaining Industry Leadership
SAIC delivered a total of 2.45 million vehicles from January to July 2024, maintaining its leadership position in the industry. Despite domestic demand slump, price competition, and overseas pressures, growth in new energy vehicles and overseas markets remains strong, with retail sales and inventory reduction in July increasing by 5.1% compared to the previous month.…
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SAIC|SAIC Ranked 93rd in the 2024 Fortune Global 500
SAIC August 5, 2024 20:02 Fortune magazine announced the 2024 Fortune 500 list, and SAIC ranked 93rd. In 2023, SAIC achieved consolidated operating revenue of $105.2 billion, maintaining its leading position among Chinese automotive companies. SAIC has accelerated innovation and transformation, achieving significant results in its independent brand, new energy, and overseas markets. In 2023,…
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SAIC Defends Against EU Anti-Subsidy Preliminary Ruling in Hearing
SAIC Group July 22, 2024 16:09 On July 19, the European Commission held a special hearing in Brussels regarding the anti-subsidy investigation at SAIC’s request. SAIC submitted its defense against the preliminary ruling, stating the European Commission’s preliminary ruling is unfair, unreasonable, and illegal. SAIC reserves the right to take further legal action before the…
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SAIC Weekly|Tao Hailong Appointed General Manager of SAIC Volkswagen; VW/SAIC Financial Holdings Successfully Issue 2 Billion Technology Innovation Bonds
SAIC Group July 22, 2024 16:09 SAIC Group announced that Tao Hailong has been appointed as the general manager of SAIC Volkswagen, and the Municipal State-owned Assets Supervision and Administration Commission has investigated SAIC-GM. The Roewe D5X DMH ranked first in the comprehensive fuel consumption category for hybrid SUVs in the 100,000 class, and SAIC-GM…