SAIC net profits up in spite of the downturn
The SAIC Motor Corp reported revenues up 1.13 percent, to 323.6 billion yuan ($51.07 billion) in the first half of 2015, from the same period of last year, in a semi-annual filing, on Aug 28, in spite of the serious challenges of the economic downturn, and net profits of 14.2 billion yuan, up 4.36 percent year-on-year,.
SAIC ranks 10th position on China’s Top 500 Enterprises list
Registering 630 billion yuan ($99.43 billion) in sales revenue in 2014, SAIC Motor Corp took the 10th place on the rankings of China’s Top 500 Enterprises list released by the China Enterprise Confederation/China Enterprise Directors Association (CEC/CEDA) recently.
SAIC Motor moves up 25 places, reaches 60th rank in Fortune Global 500 list
SAIC Motor Corp, the largest automobile company in terms of market capitalization in the Chinese stock market, climbed 25 places to rank 60th on the Fortune Global 500 list this year, the magazine announced on July 22.
SAIC sales boosted by innovation-driven development
SAIC Motor, China's largest carmaker, sold 2.86 million vehicles during the first half year in 2015, including 2.33 million passenger cars and 529,900 corporate vehicles, according to figures released on July 8.
SAIC issues innovation-driven development strategy
SAIC Motor Corp released its innovation-driven development strategy -- “Vision, Mission, Core Values” on June 30, 2015.
SAIC Motor's two technologies promise oil consumption cut by 2020
SAIC launches the forward-looking core strategy and rolls out two technology brands -- NetBlue and NetGreen in Shanghai
Dating the future SAIC’s smart car, fuel cell to debut at Shanghai auto show
Forget about cruise control, automatic parking, active safety and self-leveling headlights. Those are all “out”! SAIC Motor invites you to visit Auto Shanghai 2015 on April 20 to see what China’s “future cars” are like, thanks to fantastic foresight technologies.
SAIC Motor ties up with Shanghai GM, Shanghai VW in auto insurance business
SAIC Motor Corp, Shanghai General Motors Co (Shanghai GM) and Shanghai Volkswagen Automotive Co (Shanghai VW) the official launch of www.insaic.com, a website for the newly-founded SAIC Motor Insurance Sales Company (INSAIC) at a ceremony for their joint venture and cooperation.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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