SAIC

Customers who buy an EV from IM Motors before the Chinese New Year can enjoy 0-interest financing for five years and a RMB 5,000 ($680) cash discount.

Wuling's move brings the price of an electric model with a range of 500 km below RMB 90,000 yuan.

MG will first produce the new-generation MG5 model in Egypt, with the local plant having an initial annual capacity of 50,000 units.

An IM Motors executive said the company officially received its L4 driverless road test license today.

IM Motors plans to launch two BEV models and two EREV models in 2025, extending its model lineup to the hybrid market for the first time.

Buick has adjusted its plan as a new model, codenamed NDLB, nears production, deciding to add EREV options to its original BEV-only offerings, according to local media.

The updated LS6 -- a Tesla Model Y competitor -- received more than 6,000 orders in its first 12 hours on the market.

IM Motors today began pre-sales of the LS6 at the Chengdu auto show, with a price range of RMB 229,900 ($32,410) to RMB 299,900.

The R&D teams of IM Motors and Rising Auto, and power battery, smart driving, and chassis technology programs, will be relocated to SAIC's R&D innovation headquarters, according to local media.

The plant would aim to make Mexico a pole for SAIC Group and MG's growth and expansion in Latin America and the Caribbean, MG said.