Subscribe

Briefing Sep 25, 2020 09:30 am EqualOcean

SAIC Volkswagen to Build MEB NEV Plant

Briefing
Briefing · 1
Briefing
Oct 12, 2020 05:23 pm · EO Company

SAIC Motor's YoY Sales Decrease by 18.14% in September

News EO
News · 2
report
News EO
Oct 1, 2020 12:30 pm ·

SAIC Plans to Launch 100 NEVs by 2025

SAIC President Wang Xiaoqiu said at the 2020 World New Energy Vehicle Conference that SAIC will continue to invest in the three technical segments: pure electric, plug-in hybrid and hydrogen fuel cells. He further added that SAIC plans to launch nearly 100 new energy products within the next five years. Wang disclosed that in the above-mentioned new energy product plan for the next five years, there will be nearly 60 independent new energy models, no less than 20 plug-in hybrid products and 10 hydrogen fuel cell products. He believes that the acceptance of new energy vehicles by private users, especially users in cities with known travel restrictions, is rapidly increasing and that the plug-in hybrid is a vital choice to meet users' needs at this stage.  SAIC started focusing on the NEV field around 10 years ago. In 2012, Roewe, a SAIC subsidiary, released its first pure electric car, E50, with its new energy vehicle research and development investment reaching CNY 6 billion. In June of this year, Chairman of SAIC, Chen Hong, pointed out that SAIC and Volkswagen plan to jointly invest CNY 140 billion in the next five years, aiming at the transformation and upgrading of the automotive industry, new energy vehicle track and intelligent networking. At present, SAIC Group's two subsidiaries, Wuling and SAIC (Passenger cars), have ranked among the top ten in monthly sales of new energy vehicles. According to the August sales data released by the China Passenger Car Association, Wuling ranked first in the sales ranking of new energy automobile companies with 18,312 units sold, an increase of 110.53% over the same period last year. As for SAIC (passenger cars), it sold a total of 3346 units, ranking ninth. "

News EO
News · 2
report
News EO
Sep 30, 2020 09:30 am ·

Volkswagen to Invest EUR 15 Bn in China Over the Next 4 Years

Volkswagens plans to invest approximately EUR 15 billion in electric vehicles with its joint ventures SAIC-Volkswagen, FAW-Volkswagen and JAC-Volkswagen between 2020 and 2024. Before this, Volkswagen had announced an investment of EUR 33 billion in global electric mobility for the same years. Volkswagen Group (China) CEO Feng Sihan said that, according to the plan, Volkswagen will achieve large-scale electrification in the Chinese car market. By 2025 it will have localized 15 new energy models, and the proportion of electric vehicles in the company's product mix will increase by 35%. The MEB modular electric vehicle manufacturing platform is considered one of Volkswagen's most direct means of realizing the above vision. This platform is also the basis for developing and manufacturing the new generation of pure electric products in its family. Volkswagen's MEB plants in Anting and Foshan have a total annual production capacity of 600,000 electric vehicles. The pre-production models are currently off the line and will be fully put into production in October this year. At the Beijing Auto Show, Volkswagen's SUV, the ID.4 (vehicle from the company's new NEV series), has had its world premiere. At the beginning of next year, electric models produced by FAW-Volkswagen Foshan Plant and SAIC-Volkswagen Anting Plant will be delivered to Chinese customers. Simultaneously, Volkswagen is actively developing partnerships with local battery suppliers in China to speed up the process of meeting future market demand for battery capacity. More than that, Volkswagen is also investing on a large scale in the construction of charging infrastructure and has established a joint venture with Star Charge, FAW and JAC. Through this joint venture, Volkswagen will be able to provide customers with private dedicated charging piles and, at the same time, lay out a network of public DC charging stations with a strong competitive advantage. 

News EO
News · 2
report
News EO
Sep 15, 2020 09:55 am ·

SAIC Motor to Introduce Ten FCV Models by 2025

Chinese car manufacturing giant SAIC Motor aims to roll out at least ten fuel cell vehicle models over the next five years and to hit over 10,000 units in both annual FCV outputs and sales, representing a more than 10% share in China's FCV market, according to its new 'Hydrogen Strategy' announced this September.  According to Chinese media channel Gasgoo, under the newly-unveiled strategy, the company also expects the market value of Shanghai Hydrogen Propulsion Technology Co., Ltd. (SHPT), a fuel cell technology developer mainly owned by SAIC Motor, to grow to over CNY 10 billion, and is striving to form a fuel cell R&D and operation team with over 1,000 staff members by the same deadline. SAIC said that by 2025, SAIC's self-developed fuel cell system will achieve cumulative sales of more than 30,000 sets, making it a leader in domestic, independent fuel cell systems. By 2030, SAIC will become a fuel cell vehicle manufacturer with completely independent intellectual property rights and global competitiveness. Hydrogen fuel cells are becoming a favorite in the new energy field, and many auto companies are looking to seize the opportunity. Hydrogen fuel cell research and development is another segment that is getting a lot of attention. In mid-July, Great Wall Motors officially released its new brand dedicated to the segment. The vehicles produced by the brand will match the second-generation hydrogen fuel cell power system, with a driving range of up to 1,100 kilometers. Besides, GAC, Hongqi, Changan and other automakers have begun to deploy hydrogen fuel cell vehicles. However, the segment faces two significant problems: inadequate infrastructure and high costs. According to SAIC, it is currently strengthening cooperation with upstream and downstream partners in the industrial chain of parts, hydrogen production, hydrogen transportation, hydrogen storage, hydrogenation, etc.  Subscribe to the China NEV Intelligence Newsletter for daily updates.

Briefing
Briefing · 1
Briefing
Sep 2, 2020 05:10 pm · EO Company

SAIC Group Obtains CNY 50 Bn Credit from Export-Import Bank

News EO
News · 2
Briefing
Briefing · 1
Briefing
Aug 27, 2020 04:01 pm ·

SAIC Records CNY 274.5 Bn in Revenue for 1H 2020

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Oct 22, 2020 09:30 am · Gasgoo

Hozon Nezha V is Ready to Launch

Briefing
Briefing · 1
Briefing
Oct 22, 2020 09:30 am · TechWeb

Tesla Will Release FSD Beta Next Week

Briefing
Briefing · 1
Briefing
Oct 22, 2020 09:30 am · 36kr

NIO to Plan for Autonomous Driving Chips Development

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Oct 21, 2020 11:55 am ·

Xpeng Rolls Off Its 10,000th P7

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Oct 20, 2020 12:32 pm · https://www.laohu8.com/news/1147348014?lang=zh_cn&invite=3VB8VM

Didi Chuxing to Go Public in Hong Kong

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Oct 20, 2020 10:00 am · Tencent

Tesla to Export 'Made-in-China' Model 3 to Europe

Read more