SAIC

Through Volkswagen's partnership with Xpeng and Audi's with SAIC, Volkswagen is strengthening its position in the Chinese auto market, the German auto giant said.

SAIC and Audi believe that China's auto market is undergoing an unprecedented and dramatic transformation, and will therefore further deepen their strategic cooperation.

Buying a BEV platform in China could be one of the "big bangs" needed for Volkswagen stock to break out of what can by now only be characterized as being largely ignored by many of the largest asset managers globally, Deutsche Bank said.

The MG Mulan is a compact EV launched by the MG brand in September 2022 and a model for the global market.

Audi seeks to take over the EV platform owned by IM Motors, with talks in an advanced stage, according to a Reuters report.

SAIC is ramping up development work on solid-state battery cells, with its first production model powered by solid-state battery set to roll off the assembly line in 2025, it said.

MG's electric roadster Cyberster is not far from being available in China after the model made its debut at the Shanghai auto show two years ago.

Pony.ai to build a fleet of autonomous vehicles equipped with its L4 driverless solutions.

SAIC's Rising Auto, Roewe, MG and Maxus brands will launch battery swap-enabled models, with the Rising Auto R7 being the first such model.

SAIC said it has sent 10,000 units of the MG Mulan compact crossover to Europe, and the model will be available in more than 80 countries next year.