The Latest Breaking News from SAIC

Plug-in electric car sales in China continued to increase and in August reached an unprecedented level of 750,000 units.

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Five OEMs were responsible for the majority of global plug-in electric car and all-electric car sales during the first half of 2023.

In June, more than 700,000 new passenger plug-in electric cars were registered in China, which a new monthly record.

The news comes after last week Volkswagen and Audi announced technology-sharing deals with China's XPeng and SAIC Motor, respectively.

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The country’s manufacturers are starting to dominate not just sales charts, but also supply chains for crucial materials

Volkswagen teams up with XPeng while Audi plans collaboration with SAIC to capture China's booming electric vehicle market

The goal with both deals is to "swiftly tap into new customer and market segments" in order to leverage the potential of China's fast-growing e-mobility market.