TOPIC

/ company

SAIC Motor

The latest news, analysis and opinion on SAIC Motor. In-depth analysis, industry insights and expert opinion.

Chairman / President

Jia Jianxu

CEO / Managing Director

Zhou Langhui

CFO / Finance Director

Wei Yong

Industry

Automobile

Website

saicmotor.com

Headquarters address

Shanghai, No. 400 Caoxi North Road, Xuhui District, China

Stock Code

SSE:600104

Year founded

1958

BYD electric cars waiting to be loaded on a ship stacked at the international container terminal in Suzhou, Jiangsu province, in September. Photo: AFP

China-EU relations

EU to go ahead with tariffs on Chinese EVs after failure in talks

Beijing sought blanket deal applied to all companies through state-backed chamber of commerce as bloc preferred negotiations with each firm.

30 Oct 2024 - 6:40AMvideocam

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China-EU relations

Tesla reaps benefits as EU cuts planned tariffs on Chinese-made EVs

21 Aug 2024 - 12:28AMvideocam

Cybersecurity

Shanghai releases white list to expedite overseas data transfers for companies

17 May 2024 - 9:06PM

Australia

No spy concerns and tariffs: smooth drive for Chinese EVs in Australia

Australia is turning highly attractive to Chinese brands as it does not have a car manufacturing industry and is seen as unlikely to erect trade barriers.

6 Mar 2024 - 1:10PMvideocam

BYD Atto 3 SUV and BYD Dolphin hatchback displayed at the company’s experience centre in Sydney. Photo: Reuters

Asean

My Take | What does a tiny chip in thousands of Porsche, Bentley and Audi models say about Xinjiang sanctions?

Allegedly employed as forced labourers in carmaking, cotton, aluminium, solar panels or any Chinese-run enterprise, Uygurs may have to work in indigenous craft to meet Western standards of human rights.

27 Feb 2024 - 9:00PM

Electric & new energy vehicles

Chinese robot EV charger start-up eyes Hong Kong as global springboard

GGSN, which is partly owned by New World Group, is in talks to set up research, product development and marketing facilities in Hong Kong, where it hopes to demonstrate its autonomous charging devices in the car parks of offices and malls.

21 Feb 2024 - 2:08PMvideocam

Electric & new energy vehicles

China’s EV price war to hot up as carmakers price models below 100,000 yuan

Analysts says lower battery costs are enabling EV makers to discount prices amid tougher competition and efforts to take more share from petrol car manufacturers.

20 Feb 2024 - 9:00PM

SAIC-GM-Wuling, Changan Automobile and Hozon New Energy Automobile, have this week cut prices of budget models. Photo: Reuters

China-Africa relations

Chinese carmakers overtake Japanese, European rivals in South African market

China’s Haval H6 is outselling South Africa’s previous top SUV, the VW Tiguan, data for January to November shows.

24 Dec 2023 - 4:00PM

Turkey

Turkey toughens EV import rules to slam brakes on Chinese carmakers

Companies importing EVs to Turkey must have at least 140 authorised service stations spread evenly across the country and open a call centre for each brand.

9 Dec 2023 - 3:30PMvideocam

China trade

Ro-ro, roll your cars: China automakers splurge on huge carriers to meet demand

China’s surging car exports, led by EVs, could top 5 million this year – but outsized demand is pitting manufacturers against each other in a price war to secure so-called ro-ro ships that haul thousands of vehicles.

6 Dec 2023 - 5:32PMvideocam

The Jiuyang Blossom ro-ro vessel can carry more than 7,000 cars per journey. Photo: CCTV

China-EU relations

China’s electric vehicle exports to EU hit record level amid subsidy probe

Exports to the bloc passed the US$2 billion mark for the first time in October, almost double the value of shipments the previous month.

21 Nov 2023 - 10:08PM

Brussels in investigating accusations that Chinese EV makers are heavily subsidised. Photo: AP

China-EU relations

Tesla not part of EU probe into Chinese subsidies, but could still face duties

Brussels is now focused on three Chinese-owned manufacturers in quest to level playing field for European EV makers.

27 Oct 2023 - 4:54AMvideocam

Thailand

Thailand moving full speed to lure China’s EV ‘big fish’ to ‘Detroit of Asia’

Chinese manufacturers are the top target of Thailand’s goal to lure US$28 billion of foreign investment, to break into the top tier of electric vehicle makers.

26 Oct 2023 - 7:00PM

Electric & new energy vehicles

Chinese carmakers lead in EVs, lag in decarbonising supply chains: Greenpeace

China’s largest traditional carmakers are falling behind their global peers on supply chain decarbonisation and material use efficiency, dampening the positive impact of the country’s fast roll-out of electric cars, according to a new report.

20 Oct 2023 - 9:00AMvideocam

Workers contribute to the manufacturing of a car at SAIC Motor’s Lingang base in Shanghai on April 23, 2022. Photo: Xinhua

Business of climate change

Car dealer Inchcape aims to hit 100% EV goal before Hong Kong’s 2035 deadline

London-based Inchcape Group aims to garner 25 per cent of Hong Kong’s passenger car market by 2030, betting on fast-rising sales of electric cars, according to CEO Duncan Tait.

15 Oct 2023 - 10:30AM

The Hong Kong government has set itself a goal of phasing out fossil fuel-fuel vehicles by 2035. Photo: Xiaomei Chen

Electric & new energy vehicles

US start-up Fisker hopes to crack Chinese EV market with rival to Tesla Model Y

Firm plans to open Shanghai showroom as early as December, as it joins foreign and domestic carmakers vying to take on Tesla in world’s largest electric car market.

14 Oct 2023 - 6:44AMvideocam

China-EU relations

Opinion | In Thailand, China’s EV makers have found a refuge from EU subsidy probe

Thailand is quickly becoming Southeast Asia’s EV manufacturing hub as Chinese carmakers escaping geopolitical tensions set up shop in a state which has good relations with all the great powers.

3 Oct 2023 - 3:30PMvideocam

China-EU relations

‘Sheer protectionism!’ China condemns EU electric vehicle probe

European Commission President Ursula von der Leyen announces an investigation, saying the prices for Chinese-made EVs are ‘kept artificially low’.

14 Sep 2023 - 1:11AM

A production line at the Chinese car manufacturer Leapmotor’s EV factory in Jinhua, Zhejiang province. Photo: China Daily via Reuters

Electric & new energy vehicles

China’s SAIC Motor expects 20% export increase, led by MG brand

‘The revival of the MG brand shows China’s rising manufacturing might in the automotive sector,’ an analyst says, as SAIC leads the country’s push to overtake Japan in annual car exports this year.

13 Sep 2023 - 3:30PM

Electric & new energy vehicles

China’s EV makers pare prices further pursuing lofty sales goals

Amid frantic competition, makers have reduced prices again to lure buyers, but the cuts could be the last for a while as sales are already strong and margins are thin, according to analysts.

10 Sep 2023 - 5:00PM

Electric & new energy vehicles

Dongfeng launches ‘national’ mini EV to compete with GM bestseller Hongguang

Nammi EVs will aim to compete with, and essentially seek to replicate the success of the Hongguang Mini EV, an electric car developed by SAIC-GM-Wuling.

24 Aug 2023 - 6:23PMvideocam

The Nammi compact EV was launched in Chengdu on Wednesday. Photo: Handout

Africa

Why Chinese electric vehicle brands could ‘take a lead’ in Africa

Uptake of EVs is low due to cost and lack of reliable electricity, analysts say, but initiatives in public transport sector are seen to be having an impact.

12 Aug 2023 - 10:00PMvideocam

Kenyan firm BasiGo is one of the companies supplying electric buses in Nairobi, in partnership with BYD, China’s largest EV maker. Photo: BasiGo

Asean

Opinion | How Thailand can draw closer to China despite US elephant in the room

For a start, the Thai military should focus on regional peacekeeping with China, especially in Myanmar, and Thailand must remain a safe haven for investment, particular Chinese.

5 Aug 2023 - 5:14AMvideocam

Hong Kong stock market

Hong Kong stocks jump on Fed bets, Xpeng soars by record 34 per cent on VW buy

Stocks hit a five-week high as traders stepped up bets the Fed will pause at its rate meeting in September. Xpeng surged by a record 34 per cent as Volkswagen prepares to buy a stake in the Chinese EV maker.

27 Jul 2023 - 5:05PMvideocam

Electric & new energy vehicles

Xpeng gets Volkswagen’s US$700 million investment to make EVs

Volkswagen Group said it would invest in one of China’s fastest-growing electric-car makers to jointly develop automobiles powered by non-fossil fuels.

27 Jul 2023 - 4:39PM

Xpeng’s booth during the 20th Shanghai International Automobile Industry Exhibition in Shanghai on April 19, 2023. Photo: AFP

India

India rejects China BYD’s US$1 billion EV proposal, cites security

‘Security concerns with respect to Chinese investments in India were flagged during the deliberations,’ Indian media reported an official as saying.

22 Jul 2023 - 8:36PMvideocam

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BYD seeks to capture 40 per cent of India’s EV market by 2030, as India increases scrutiny of Chinese firms. Photo: Reuters

Electric & new energy vehicles

SAIC to ship more EVs to Hong Kong as registrations surge

SAIC Maxus, a unit of China’s largest domestic carmaker, aims to double sales of an EV minivan to 1,000 by October and plans to bring electric delivery vans and other multipurpose vehicles to the market soon.

22 Jul 2023 - 7:38AM

Electric & new energy vehicles

Audi, facing sales slump, to work with state-owned partner SAIC on EVs

Audi, which is facing a big drop in sales in mainland China, will work with Chinese partner SAIC Motor to establish an EV development platform, in the hope of catching up with the likes of Tesla in the world’s largest electric car market.

21 Jul 2023 - 3:13PM

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