Recent events
Recent events tied to this brand in public sources.
Back to profile31 entries · Page 2 of 2
2020
SAIC announces proposed investment in Shenzhou Car Rental
SAIC Group announced that its wholly owned subsidiary SAIC Hong Kong planned to buy up to 610 million shares in Shenzhou Car Rental from UCAR and Amber Gem for up to HK$19.02 billion. If completed, SAIC expected to hold 28.92% of Shenzhou Car Rental and become its largest shareholder.
2020
Qingtao Development completes E+ funding round
Qingtao Development completed an E+ funding round led by SAIC Group, with Kunshan Guochuang Investment Group and Huai'an Huai Shang Yingcai Venture Capital also participating.
2020
Plug and Play China and Donghua establish mobility innovation platform partnership
Plug and Play China and Donghua Auto Industrial Co. entered a strategic partnership to jointly build an international open innovation platform focused on mobility.
2020
Huawei establishes alliance with 18 automakers for 5G automobiles
Huawei established an alliance with 18 automakers to build a 5G-enabled automobile ecosystem and accelerate commercial use of 5G technologies in the industry.
2020
Huawei announces 5G automotive ecosystem with 18 automakers
Huawei announced that it would join with an initial group of 18 automakers to establish a 5G automotive ecosystem, aiming to accelerate commercial use of 5G technology in the automotive industry. The article says Huawei would contribute 5G technology rather than manufacture cars.
2020
SAIC and Mobileye sign strategic cooperation agreement
SAIC announced that it and Mobileye had signed a strategic cooperation framework agreement to expand and deepen cooperation on intelligent-driving technology in China.
2019
SAIC announces recall of 16,292 Cadillac CT6 vehicles in China
SAIC Motor said it would recall 16,292 Cadillac CT6 vehicles in China, with the recall scheduled to begin December 31, because a software error could disable the electronic stability control and antilock brake systems. SAIC said it would upgrade the affected vehicles' software free of charge.
2019
SAIC Motor and GAC Group sign strategic cooperation framework agreement
SAIC Motor and GAC Group signed a five-year strategic cooperation framework agreement on December 23, covering areas including technology development, manufacturing coordination, services and overseas market expansion.
2019
SAIC Motor reports third-quarter and nine-month results
SAIC Motor released its third-quarter report. It reported revenue of 572.82 billion yuan and net profit of 20.79 billion yuan for the first three quarters, down 13.62% and 24.86% year over year, respectively.
2019
SAIC announces plan to release a 5G car
SAIC said it was building a 5G car with Huawei and China Mobile and planned to release it in April 2020; the release was planned, not reported as completed.
2019
SAIC Group releases 2019 interim results
SAIC Group released its 2019 first-half results on August 29, reporting vehicle sales of 2.937 million units, operating revenue of RMB 376.293 billion, and net profit attributable to shareholders of RMB 13.764 billion.