SAIC

SAIC Motor said it has invested nearly RMB 60 billion ($9.26 billion) in new energy research and development in the past five years, thus building up a technological advantage in the new energy and smart networked field.

SAIC Motor aims to sell 550,000 units in overseas markets this year and the target is 1.5 million units by 2025.

In view of the fact that SAIC's fuel cell vehicle forward-looking technology R&D project no longer fits the environment and trend of accelerated development of the fuel cell industry, the company decided to terminate the above projects.

SAIC Group recently said its new generation of power battery system will go into production by the end of this year, achieving zero thermal runaway, and that the technology will be used in the latest high-end models of its R brand.

Chinese auto giant SAIC Motor will put its solid-state batteries with "world-leading " technology into production by 2025, it said.

China's new energy vehicle exports were nearly 70,000 units in 2020, with SAIC contributing nearly 50 percent.

In the first quarter of 2021, SGMW shipped in excess of 100,000 electric cars in China, leaving behind Tesla, Nio, BYD and all others.

SAIC will soon launch a "battery bank" to support the body-battery separation model, with a unified battery pack to be introduced by the end of this year or early next year.

SAIC-GM-Wuling announced on April 19 that Chinese drone company DJI's smart driving solutions will be used in BAOJUN models, which will start mass production within the year.

IM Motors, a SAIC-Alibaba partnership, has announced the first offerings of its L7, the "Angel Investment Edition," and a pre-sale price of RMB 408,800 ($62,821).