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The Latest Breaking News from SAIC

Volkswagen Might Make Even More Cost Cuts

Right before Christmas, Volkswagen reached an agreement with German unions to reduce its workforce by over 35,000 people by 2030 through a "socially responsible reduction" program. This drastic decision is part of a broader plan to cut costs in the company's domestic market. Labor costs alone will be slashed by…

Motor1 · Jan 30, 2025

GM’s 100-year-old China business can’t keep up with the country's EV boom

The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.

Fortune · Jan 29, 2025

Tesla Investors Expected To Grill Musk Over Cheaper EV Models

The road ahead for Tesla is a bit rocky. With a CEO facing scrutiny over his vocal far-right politics and the electric vehicle brand suffering because of it, Tesla needs a win. Investors are pointing towards a more affordable model being the answer and are expected to grill the automaker…

InsideEVs · Jan 28, 2025

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Tesla, BMW Take EU To Court Over China EV Tariffs

Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.

International Business Times · Jan 27, 2025

3 Defense Technology Stocks Quietly Securing Strong Gains

Driven by breakthroughs in technology and increased government support, the defense technology sector is on a steady growth trajectory. To capitalize on this trend, investing in solid defense technology stocks Northrop Grumman (NOC), CAE Inc (CAE), and Science Applications (SAIC) could be wise. Read on….

StockNews.com · Jan 23, 2025

2024 Was A Great Year For Performance EVs

Most driving enthusiasts don’t see the transition from combustion to electric as something positive since they argue burning fuel is a lot of what makes a car fun. While there’s certainly some truth to that, electric vehicles can still be really enjoyable to drive, and 2024 is a year with…

InsideEVs · Dec 30, 2024

MG Says Its 2025 Semi-Solid-State EV Won’t Break The Bank

Solid-state batteries are a big buzzword on the electric vehicle scene these days because they promise to address many of the downsides of today’s EVs. Several automakers and specialized battery companies are working to make this groundbreaking technology financially viable for electric vehicles. Still, before true solid-state batteries reach a…

InsideEVs · Dec 19, 2024

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The EV Industry Is Gearing Up To Fight Donald Trump

The auto industry is at a weird place right now: after years of pushing back against tougher regulations driving electric vehicles, the car business in America has finally leaned in, only for the incoming presidential administration to potentially pull EV tax credits away. But the industry needs that money flowing to…

InsideEVs · Dec 5, 2024

The Chinese EV Market Is Now Unbeatable

Over the past decade, Chinese automakers have staged a stunning rise in the auto industry, establishing a clear lead over the U.S. and Europe in democratizing electric vehicles. Now the latest sales data suggests that the country is so far ahead in electrification that a miracle would be needed for…

InsideEVs · Dec 4, 2024

Science Applications Intl's Earnings Outlook

Science Applications Intl (NYSE:SAIC) is gearing up to announce its quarterly earnings on Thursday, 2024-12-05. Here's a quick overview of what investors should know before the release.

Benzinga · Dec 4, 2024

GM to write down value of China business by more than $5bn

Automaker is restructuring in China after losing about $350m in the region in the first three quarters of this year

The Guardian - US · Dec 4, 2024

China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts

Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China’s oversaturated EV sector.

Fortune · Nov 28, 2024

Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang

Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040

The Independent UK · Nov 27, 2024

Audi Says the AUDI Brand Will Attract 'Different' Buyers

Last week, Audi confused just about everyone when it rolled out a sub-brand. While new automakers are frequently introduced in China’s hugely competitive market, this launch was different and confusing for two reasons. Audi and its local partner SAIC decided to simply call their joint company “AUDI” and use an…

Motor1 · Nov 12, 2024

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InsideEVs · Nov 7, 2024

You've Never Seen An Audi Like This Before

It's no secret that the Volkswagen Group has not had an amazing time in 2024. It's struggled with slumping sales in China, once its biggest market, while it faces intense Chinese competition back home. It's staring down factory closures and layoffs as costs mount. All the while, China's electric auto…

Motor1 · Nov 7, 2024

Audi's Most Interesting EV Is Only for China

Audi partnered with SAIC Motor on a new sub-brand to build cars exclusively for the Chinese market. The fledgling company is called AUDI—all caps—and is "shaped 100-percent by the Audi DNA" with one notable exception. You won't see four-rings badging anywhere on its cars.

Motor1 · Nov 7, 2024

Audi Is Launching a New Car Company Called… AUDI

Where are the rings, Audi? It’s a valid question for the company's newest concept shown today in Shanghai. But this isn’t an Audi. It’s an AUDI. The luxury brand in the Volkswagen Group empire is teaming up with SAIC to launch a new car company in China. Of all the…

EU Imposes Duties On Chinese Electric Vehicle Imports

EU imposes duties on Chinese electric vehicles due to unfair pricing practices and rising market share. German auto industry expresses concerns over tariffs.

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The Independent UK · Oct 29, 2024

The EU will impose duties on electric vehicle imports from China from Thursday

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

StockNews.com · Oct 16, 2024

3 High-Growth Tech Stocks That Are Still Affordable

The tech sector thrives due to the rising demand for cybersecurity, automation, and data management, which drives significant investments from businesses and creates growth opportunities. As tech stocks show promising growth potential, it could be wise to consider affordable, high-growth tech stocks like TaskUs (TASK), Science Applications International (SAIC), and…

The Independent UK · Oct 4, 2024

EU countries vote to impose duties on China EVs ahead of an end-of-October deadline

European Union countries have voted to impose duties on imports of electric vehicles from China, as talks continue between Brussels and Beijing to end the standoff before an end-of-October deadline

StockNews.com · Oct 2, 2024

3 Momentum Stocks Gaining in the Tech Sector

The tech sector is riding high on advancements in AI, machine learning, and cloud computing, with no signs of slowing down. Given this backdrop, it could be wise to take a look at fundamentally sound stocks such as Leidos Holdings (LDOS), Science Applications International Corp (SAIC), and Sanmina Corp (SANM),…

InsideEVs · Sep 8, 2024

Toyota’s Solid-State Battery Production Plans Approved By Japan's Government

The plan states that Toyota will begin solid-state battery production in 2026, although the initial ramp-up will be slow with mass production coming after 2030.

TechRadar · Sep 6, 2024

MG says the first cars with solid state batteries will arrive as early as next year

Solid State Battery technology promises faster charging times, longer range and lighter battery packs... and it's arrivign sooner than you think.

InsideEVs · Aug 23, 2024

Chinese Automakers Are Already Feeling The Heat From EU-Market Tariffs

The tariffs are already affecting sales, but proposed revisions will give Chinese automakers a bit of a break. Tesla gets the lowest duties for its China-built EVs.

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