Why does SAIC continue to produce Mini EV when each car contributes less than $14 net profit?
Mini EV is priced at RMB 28,800 ($4,451)-RMB 43,600, and its parts cost up to about RMB 20,000.
SAIC is China’s top vehicle exporter in H1
The top 10 companies are SAIC Motor, Chery, Changan, Dongfeng Motor, GWM, Geely, BAIC, Tesla, JAC Motors and Sinotruk.
SAIC plans to invest about $310 million in fuel cell heavy truck sector
SAIC Motor, China's largest local automaker, announced on July 20 that it has signed an agreement with Inner Mongolia's Ordos…
SAIC says it has invested nearly $9.3 billion in new energy R&D in past five years
SAIC Motor said it has invested nearly RMB 60 billion ($9.26 billion) in new energy research and development in the past five years, thus…
SAIC aims to sell 550,000 units in overseas markets this year
SAIC Motor aims to sell 550,000 units in overseas markets this year and the target is 1.5 million units by 2025.
SAIC plans to put Robotaxis with L4 self-driving capability on road this year
SAIC plans to achieve mass production of Robotaxis by 2025.
Huawei, SAIC-Volkswagen launch simulation platform that can accelerate autonomous driving development
It can be applied to scenarios including automotive and aerospace manufacturing industries and is the first of its kind to be applied at scale…
Huawei defends itself after SAIC chairman rules out use of its self-driving system
The Huawei Inside model is currently used by just three car companies, and Huawei cannot and does not have the energy to make all of them use it.
SAIC chairman rules out using Huawei’s self-driving technology
"It's like a company providing us with a complete solution so that it becomes the soul and SAIC becomes the body. Such a result is…
Chairman of China’s largest automaker expects chip shortage to ease in July
Chip shortage is a key factor limiting the capacity of global car companies, but the situation is not far from improving.