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.

Fundraising by ride-hailing service brings in autonomous-driving startup Momenta as an investor in a move toward robotaxis

NEV shipments more than double in the first half led by industry giant SAIC and joined by Great Wall, Geely, BYD, Nio and Xpeng

Foreign businesses will have to obtain regulatory approval to market, promote and sell futures products in China

The EV-maker leads funding round in Beijing-based Zvision, a developer of lidar sensors for autonomous vehicles and intelligent robots

Deal worth $245 million brokered by authorities ends month-long battle between China’s two biggest automakers as Lu Zhenyao’s empire teeters

SAIC joins the parade of automakers seeking growth from offering services as China vehicle sales stall

Alibaba plans $200 billion of imports, Luckin Coffee seeks to double valuation to $2 billion, Tencent announces age verification for all gamers