SAIC

The R brand will focus on the RMB 200,000-400,000 price range, while IM Motors will focus on the RMB 400,000+ market.

GM's first all-electric Cadillac LYRIQ model will be available in the first half of 2022, and the plant is currently producing battery packs.

These teaser images show that the concept car has a very short front and rear end, with the middle cockpit taking up most of the space.

SAIC-GM-Wuling unveiled its computing chip at a launch event on September 15, saying its specifications have reached the technical level of similar foreign products.

The battery swap station takes up the area of the parking space needed for two Baojun E200s, which measurs just 2,497*1,526*1,616 mm.

China's largest automaker SAIC Motor aims to sell more than 2.7 million new energy vehicles (NEVs) worldwide by 2025, accounting for at least 32 percent of its total sales.

By Thursday's close, the company's shares were down 12 percent this year. BYD, by comparison, rose 40 percent in the same period.

SAIC passenger vehicle branch's Roewe, MG and R brand sold more than 17,000 NEVs combined in August, up 390 percent year-on-year.

The Hongguang Mini EV offers 120km, 170km NEDC range options and are priced at RMB 37,600 ($5,820) and RMB 43,600 respectively.

SAIC sold about 260,000 units overseas in the first half, up nearly 100 percent year-over-year, the company said.