SAIC
SAIC Motor Corporation Limited is a Chinese state-owned automotive design and manufacturing company.
SAIC, founded in April, 1984 and headquartered in Shanghai, is a car manufacturing and auto finance company. Listed on the SSE on November 25, 1997, the company's major shareholders are Shanghai Automotive Industry (Group) Corporation, Yuejin Automobile Group Corporation and Hong Kong Securities Clearing Co., Ltd. Rivals that have direct and indirect competition with SAIC include GAC, BAIC, GM, Toyota, etc.
Thailand Promotes BEV Industry, Chinese Brands Accelerate Production
Mar 19, 2024 04:17 PM
BYD continues to inject capital into Brazil, with investment increasing by 80%
On March 18, BYD said that investment in Brazilian electric vehicle factories would increase from the previously announced 3 billion reais to 5.5 billion reais (approximately US$1.1 billion), an increase of approximately 80%, to speed up the construction of the Brazilian factory.
Mar 19, 2024 01:56 PM
U.S. electric car maker Rivian announces 10% layoffs
On February 21, while releasing its fourth-quarter financial report, the American electric vehicle manufacturer Rivian(Rivian Automotive, Inc.) announced that it would suffer a loss of US$5.4 billion in 2023 and plan to lay off 10% of its employees.
Feb 22, 2024 12:45 PM