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    General Motors
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SAIC Motor Corporation announced a major managerial reshuffle: Chairman Chen Hong retired, Wang Xiaoqiu became Chairman, and Jia Jianxu, 46, was appointed President. SAIC, experiencing declining sales for several years, sold 251,000 vehicles in July 2024, lagging behind BYD with 91,000 fewer sales. The company faces intense competition, internal challenges, and reliance on its joint ventures, despite efforts to adapt with new strategies and management changes.
Aug.17 2024 13:32 PM

 Chip crunch forces China smartphone shipments down 10%, augmented reality glasses startup Nreal bags $100 million funding
Sep.24 2021 21:04 PM

Nov.10 2020 12:36 PM

Opening industry to more foreign competition and pushing transition to electric vehicles will reshape world’s largest auto market
Jun.11 2018 05:47 AM

Global carmakers’ electric foray in China could bring more competition to local brands and may mean demand for local battery producers
Jun.7 2018 04:12 AM

As subsidies get phased out, automakers feel pinched to meet strict requirements
Nov.17 2017 19:10 PM

U.S. automaker aims to offer at least 10 new-energy vehicles to Chinese consumers between 2016 and 2020
Sep.18 2017 17:17 PM
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