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 to equip L6 sedan with smart chassis that supports 'crab walk'

    IM Motors has shared two videos showing the L6 being able to maneuver in tight spaces with the help of the smart chassis.

  • Rising Auto says it's moving forward with asset-light strategy, denies recent rumors as 'untrue'

    Rising Auto said all is well with it and will launch a new model in the middle of the year.

  • SAIC abandoning EV unit Rising Auto, report says

    Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.

  • IM Motors secures over $1.1 billion in new financing

    The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.

  • IM Motors hints at shooting brake model as Zeekr launches refreshed 001

    More EV makers are betting that the shooting brake style will become a new trend in China.

  • IM Motors launches 2024 L7 sedan with lower starting price

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

  • IM Motors to become latest Chinese EV maker to add gas engines to EV models

    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.

  • Wuling follows BYD by cutting hybrid sedan price by $830

    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.

  • MG launches limited-edition new variant for electric roadster Cyberster in China

    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.

  • SAIC's EV unit IM Motors offers $1,670 discount on LS6 SUV

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