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SAIC posts higher net profits in 2014 to rewards investors

SAIC Motor Corp improved its operation quality in 2014, according to its annual report, which showed higher net profit growth than revenue growth and higher revenue growth than auto sales growth.

2015-4-2

SAIC and Alibaba initiate $161m fund for ‘Internet cars’

SAIC Motors and Alibaba Group will jointly set up a 1-billion-yuan ($161.11 million) Internet car fund as they aspire to roll out China’s first “car on the Internet” in 2016.

2015-3-12

SAIC Motor selected as one of China’s most respected companies

SAIC Motor (stock code: 600104) recently made the list of China’s Top 100 Listed Companies Most Respected by Investors.

2015-2-27

SAIC and GM tap into Indonesian market with new plant

SAIC Motor and Shanghai General Motors Wuling (SGMW) will jointly set up a manufacturing plant in Indonesia to produce a variety of SGMW’s mature models meet the increasing demand for multi-purpose vehicles on the Asian market.

2015-2-2

SAIC Motor’s 2014 vehicle sales at 5.6 million

SAIC Motor announced on Jan 7 that it sold 5.62 million finished automobiles in 2014, up 10.07 percent compared with the previous year, making it the market leader in China.

2015-1-7

Michigan Governor’s visit to SAIC Motor yields MOU with Huayu

Michigan Governor Rick Snyder paid a visit to SAIC Motor on Nov 25 and met with Chen Hong, chairman of the SAIC Motor.

2014-11-25

SAIC Motor debuts at Guangzhou Auto Show

SAIC Motor will join hands with its Shanghai Volkswagen, Shanghai General Motors, SAIC Motor Passenger Vehicle, SAIC-GM-Wuling Automobile and Maxus to display more than 100 vehicles at the 12th Guangzhou Auto Show from Nov 20 to 29.

2014-11-18

SAIC becomes long-term strategic partner of Shanghai’s Pujiang Innovation Forum

The Pujiang Innovation Forumheld in Shanghai Oct 25-26, 2014 witnessed important contributions from SAIC.

2014-11-18

SAIC bags all three top awards at Challenge Bibendum

SAIC Motor’s new energy vehicle team impresses rivals with its performance at the 12th edition of Michelin Challenge Bibendum held in Chengdu, capital city of Western China’s Sichuan province on November 11.

2014-11-13

SAIC Motor Q3 revenues grow 11.78% y-o-y

The SAIC Motor Group (SAIC Motor) sold nearly 4.19 million cars in the first nine months of 2014, up 10.75 percent from the previous year, according to a statement the company filed to the Shanghai Stock Exchange on October 31.

2015-2-2

SAIC Motor, Alibaba join hands in building China’s first ‘Internet car’

SAIC Motor and Chinese e-commerce giant Alibaba Group will cooperate in building China’s first “Internet car” for the future. The two will also develop related application services help launch a new motor ecosystem, according to a cooperation agreement they signed in Shanghai on July 23.

2015-2-2

SAIC Motor makes its 10th appearance in Fortune Global 500 list

SAIC Motor moved up 18 places to No 85th on the 2014 Fortune Global 500 list, with consolidated sales revenue of $92 billion for the 2013 financial year, US-based Fortune magazine announced on July 7.

2015-2-2

SAIC Motor in the spotlight at 2014 Auto-China

The SAIC Motor Group has more than 100 new cars on display in three halls and outdoor exhibit areas, at the 2014 Beijing International Automotive Exhibition, April 20-29, from eight subsidiaries, with 11 new models making their debut.

2014-4-18

SAIC Motor, Volkswagen cooperate on fuel cell and hybrid tech

China’s President, Xi Jinping, and Germany’s Chancellor, Angela Merkel, were on hand, in Berlin, to witness a signing ceremony involving SAIC Motor Corp’s president, Chen Hong, and the Volkswagen Group’s China president and CEO, Jochem Heizmann, on March 28, covering cooperation in fuel cell technology and the Shanghai Volkswagen joint venture’s plug-in hybrid cars.

2014-3-28

SAIC ties up with Chinese financial conglomerate

SAIC Group signed a cooperation agreement with Chinese financial conglomerate CITIC Group on July 4, 2014. The two sides seek to form a global strategic partnership that would add to their complementary advantages to further mutually beneficial interests.

2014-7-4

President Xi visits SAIC tech center, encourages innovation

On May 24, the SAIC Motor Tech Center located in Anting town, Jiading district of Shanghai welcomed a special guest -- Chinese President Xi Jinping.

2014-5-28

SAIC Motor 2013 Report shows profits up almost 20 %

When the SAIC Motor Group Co (SAIC Motor) announced its annual report for 2013, on March 28, the data showed revenues of 565.8 billion yuan ($90.44 million), an increase of 17.6 percent, year-on-year, and net profits from listed companies of 24.8 billion yuan, up 19.5 percent, year-on-year.

2014-3-28

Roewe E50 EV joins Beijing new energy cars catalog

SAIC Motor’s pure electric car, the Roewe E50, has made it into the Beijing new-energy vehicle catalog, together with four other pure EVs, giving the municipal government’s nod to a total of seven EV brands.

2014-3-12

SAIC Passenger Vehicle 2014 sales meeting：Roewe and MG looking at 280,000 car orders

The SAIC Passenger Vehicle Co held its sales meeting for 2014, on Feb 25, where the operation directors for Roewe and MG signed a pledge with SAIC’s executive vice-president and SAIC Passenger Vehicle GM, Chen Zhixin, and SAIC Passenger Vehicle vice-GM, Jiang Jun, to end this year with sales of 265,000 vehicles and possibly 280,000.

2014-2-25

SAIC’s Passenger Vehicle concludes annual dealers meeting with the focus on brand and market innovation

Nanjing was covered in silvery snow, on Feb 18, when SAIC Motor’s Passenger Vehicle Co held its dealers meeting for 2014, where they focused on brand positioning and marketing innovation, with Chen Hong, president and CEO of Passenger Vehicles, and Chen Zhixin, executive vice-president in SAIC Motors and GM of Passenger Vehicles, on hand to address the gathering.

2014-2-25

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