SAIC

The L7, IM Motors' first model, has been updated with its starting price cut by RMB 38,900, or 11.5 percent.

IM Motors CEO said the company's fifth model will be an EREV, set to become the latest after Avatr to look to gasoline engines to boost sales.

BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.

The new variant of the Cyberster revives the color scheme of some of the classic models in MG's history, with only 100 units offered in the first round of sales.

The LS6 went on sale in October 2023 and is a Tesla Model Y competitor.

SAIC-GM-Wuling had NEV retail sales of 457,848 in 2023, ranking fifth in the segment with a 5.9 percent share.

A new car carrier joins the fleet of SAIC's Anji Logistics, bringing the total number of vessels to 31.

SAIC sold about 1.21 million vehicles overseas in 2023, and the target implies a 12 percent growth.

IM Motors is applying to the Chinese industry regulator for L3 product entry, with its models expected to be among the first to begin L3 self-driving pilots.

MG topped China's NEV exports in the first half of this year with a 25.3 percent share.