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.

American carmaker made a $210 million loss in the country in the first half

The company lost its position as China’s top-selling carmaker to EV-manufacturer BYD in recent months

A diverse line-up of hybrid electric models, plug-in hybrids and conventional vehicles will help the state-owned automaker offset losses, new president says

The Chinese automaker and the CCCME criticize the anti-subsidy levies as ‘unfair’ and incompatible with World Trade Organization rules

Higher levies will be an obstacle to exporters in short run, but longer term they will push more carmakers to add manufacturing in Europe, analysts say

Wang Xiaoqiu, president of China’s largest state-owned automaker, is set to become chairman

Deal includes a $624 million injection from Indian investors which reduces SAIC’s stake in MG Motor India to 49%

Chinese automaker to sell 35% stake in its MG Motor India unit to JSW, the India conglomerate, forging a partnership to push into new energy vehicles

BYD picks Brazil for its first EV hub outside Asia, SAIC seeks site for EV factory in Europe

Hong Kong is considering easing the threshold for its plan to attract talent. SAIC Motor seeks a site for its electric car factory in Europe

State-owned auto giant helps lead an overseas push including Great Wall and BYD in response to global demand for Chinese EVs

Missfresh denies it’s going under, Nio to open Hungary plant

China’s financial, logistics and manufacturing giant struggles to get back on its feet as Covid lockdowns snarl logistics and restrict the workforce

Once a leader in helping China create its modern auto industry, the German auto giant is stumbling with its electric transition in the world’s most dynamic EV market

SAIC, FAW and Geely develop new generation of trucks that don’t burn fossil fuels as Geely executive Mike Fan says the cost won’t be significantly higher

China’s leading automaker will begin with its hydrogen vehicle technology company, which will be listed separately

Advances in electric power and self-driving technology are bringing revolutionary changes to the century-old auto industry