SAIC

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SAIC Motor is one of China's largest state-owned automakers, headquartered in Shanghai.
Founded: 1955
Type: State-owned
Ticker: SHA: 600104
HQ: Shanghai
2024 revenue:
  • IM Motors ships 1st batch of LS6 SUVs to Thailand, local launch to be in Mar

    The LS6, rebranded as the IM6 in Thailand, will go on sale on March 24 at the Thailand auto show.

  • Wuling launches 4-door version of its popular Mini EV

    The four-door Mini EV starts at RMB 44,800 ($6,180) and has a CLTC range of 205 km.

  • IM Motors offers limited-time $4,130 discount on L6 electric sedan

    The discount, available this month, reduces the starting price of the IM L6 by 13.64 percent to RMB 189,900.

  • IM Motors offers 0-interest financing, cash discount incentives

    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 slashes prices of electric Binguo SUV by up to 6%

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

  • SAIC's MG Motor to produce cars locally in Egypt

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

  • IM Motors gets L4 autonomous driving road test license

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

  • IM Motors closes $1.3 billion in new funding, plans to launch 4 new models in 2025

    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 reportedly to launch EREV model as SAIC-GM adopts strategy to cater more to Chinese shoppers

    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.

  • IM Motors launches updated LS6 SUV with starting price of $34,220

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