Is the “top automotive company” about to fall from its throne?

After 18 years of being the leader of domestic auto companies, SAIC Motor Corporation's throne is about to be challenged. Recently, the sales figures for May have been released by automakers, with SAIC Motor Corporation holding the top spot with wholesale sales of 332,000 vehicles. However, the challengers are already at the doorstep, with BYD Company Limited following closely behind with a slight gap (330,500 vehicles). This new energy 'tyrant' is still attacking fiercely, and institutions predict that it is likely to surpass SAIC Motor Corporation in many aspects in the second quarter. A new king is about to be born, and the history of the domestic auto industry dominated by joint ventures will be rewritten, leaving little room for SAIC to retreat. However, SAIC Motor Corporation is not willing to accept this. Since last year, this top automaker has been hitting the accelerator.

wallstreetcnJun 15 20:40 ET

Rbob gasoline supercar launches counterattack.

Author: Chai Xuchen Editor: Zhou Zhiyu. Faced with the trend of new energy electrification and the loss of market share under the price war, joint venture car companies have “renewed” their famous “miracle cars” and tried to make a strong counterattack. On May 30th, SAIC Volkswagen launched the Tiguan L Pro, which has been preheated for nearly two months. The event also invited responsible persons from DJI Car, Tencent Travel, and Iflytek Co., Ltd to demonstrate their strength in intelligent driving and cabin. As the “meritorious model” of SAIC Volkswagen, the Tiguan has been almost a representative of Volkswagen SUVs in the past 15 years.

wallstreetcnJun 4 01:15 ET

“MPV Brother” joins the new energy battle

Reclaim lost ground.

wallstreetcnApr 26 08:45 ET

SAIC has solved India's dilemma

Author | Zhou Zhiyu The Indian market is a popular place for global car companies to invest and build factories, but very few can stand firm in the local market. SAIC Motor Group, on the other hand, wanted to eat this tempting piece of “cake.” SAIC Motor Group announced on April 7 that it has received 26.5 billion rupees of equity transfer payments from Indian steel giant JSW Group. This means that its cooperation in introducing local investors in India has been implemented, and SAIC Motor can also make a net profit of at least 5 billion yuan through transactions. As cooperation was further implemented, SAIC Motor did not lose control of its Indian subsidiary. SAIC has cleverly adopted voting rights arrangements to maintain itself and is still the largest of MG India

wallstreetcnApr 8 09:09 ET

Changan Automobile rose and stopped, and the Beijing Stock Exchange 50 continued to rise by more than 3%, and GM and coal strengthened

Celis fell more than 6%, and BYD once fell to its lowest level since June 2021. On the market, sectors such as transgenics, data elements, Huawei Ascend, and Cloud Office registered the highest gains, while sectors such as hotels and restaurants, real estate services, and banking registered the highest declines.

wallstreetcnNov 26, 2023 20:46 ET

Changbaishan Invitation Letter: Insight into the Future, Welcome to Fu Peng & Liu Yuhui's Closed Thought Feast

From December 8 to December 11, on the snowy fields of Changbai Mountain, the Meet Club Winter Wilderness Tour invites you to light up the 2024 investment lights together!

wallstreetcnNov 24, 2023 03:22 ET