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The Latest Breaking News from SAIC

Rechargeable Cars Are Gradually Taking Over China

816,875 new passenger plug-in electric cars were registered in China in May. That's 33% more than a year ago. The market share improved to 47%,

InsideEVs

Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know

The European Union is moving to sharply increase customs duties on electric vehicles made in China

The Independent UK

EU Slaps Chinese Electric Cars With Tariffs Of Up To 38%

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war.

International Business Times

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BYD: China’s electric vehicle powerhouse charges into Europe

Threat of EU tariffs may not be enough to slow carmaker in its attempt to challenge Tesla on global stage

The Guardian - UK

Why Are Chinese Electric Cars In EU Crosshairs?

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe.

International Business Times

How will new EU tariffs on Chinese electric vehicles work?

The tariffs are aimed at countering the alleged state support handed to China’s car manufacturing industry

The Guardian - UK

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The European Union is moving to hike tariffs on electric vehicles made in China

The Independent UK

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Europe Hits Back: Chinese EV Imports Face Much Higher Tariffs

The European Union will follow the U.S. and impose tariffs on Chinese electric vehicles to defend its industry from "unfair subsidization."

InsideEVs

EU trade war with China escalates with 38% tariffs on Chinese EVs

The EU has escalated its trade war with China after placing prohibitive import tariffs on carmakers including BYD and Geely.

Fortune

Global Plug-In Car Sales Increased 25% In April 2024 To 1.2 Million

1,221,181 new passenger plug-in electric cars were registered globally in April. The market share amounted to roughly 18% (compared to 16% a year ago).

InsideEVs

SAIC (SAIC) Earnings: Will Defense Contracts Drive Future Growth?

Science Applications International (SAIC) reported strong financial results in the recently reported quarter. SAIC’s diverse portfolio, defense contracts with prestigious government organizations, strategic acquisitions, and technological innovation are key drivers of the company’s ongoing growth and success. So, should you buy this stock after its earnings? Read more to find…

StockNews.com

Women Fortune 500 CEOs are stuck at 10%

Women run 10.4% of Fortune 500 companies, the same as last year.

Fortune

Women run just 10.4% of Fortune 500 companies

The share of Fortune 500 companies run by women stayed flat at around 10% over the past year.

Fortune

‘Yes, Lego car!’: why small electric cars could be about to break the grip of SUVs

The 500kg Microlino is part of a new set challenging the ever-increasing domination of huge cars

The Guardian - UK

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InsideEVs

China's Plug-In Car Sales Increased To 44% Market Share In April 2024

Plug-in electric car sales in China, continued to increase at a solid rate in April, which allowed to significantly increase the market share.

Caixin Global

SAIC Motor Maps Out Road to Commercialization for Solid-State Battery

The Chinese automaker plans to start mass producing the promising technology by 2026

Caixin Global

SAIC to Share Hybrid Car Tech With Volkswagen, GM

he foreign carmakers are the state-owned enterprise’s joint venture partners

InsideEVs

World’s Top 5 EV Automotive Groups Ranked By Sales: Q1 2024

Two companies—Tesla and BYD—control roughly one-third of the plug-in car market. The top five companies are responsible for more than half of all sales.

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Caixin Global

SAIC Motor Rebuts Claim It Held Back Info From EU Investigators

The Chinese automaker said it fully cooperated and provided all necessary information in accordance with WTO and EU rules

InsideEVs

A Whole 43% Of China's New Cars Were Plug-Ins In March 2024

Plug-in electric car sales noted a healthy growth rate in March, while the market share exceeded 40%, heading towards 50%.

InsideEVs

Chinese Electric Cars Are Clogging European Ports: Report

As China's EV overcapacity concerns increase, a logistical nightmare is unfolding in Europe.

InsideEVs

Global Plug-In Car Sales Increased 3% In February 2024

830,783 new passenger plug-in electric cars were registered globally in February (about 3% more than a year ago). The market share amounted to roughly 13%.

InsideEVs

China Plug-In Car Sales Decreased In February 2024

Roughly 440,000 new passenger plug-in electric cars were registered in China in February, 9% less than a year ago. That's about a third of the market.

InsideEVs

Tesla Q1 Sales Draw Grim Predictions From Wall Street Analysts

Analysts who have long been bullish on Tesla are now conservative as Elon Musk's brand is expected to release its Q1 2024 sales and earnings reports this week.

StockNews.com

Is SAIC Worth Buying, Holding, or Selling Post-Earnings?

Despite Science Applications International Corp's (SAIC) commitment to enhancing shareholder value and securing major contracts in recent months, the company experienced a decline in its share price due to its underwhelming financial performance. That being said, what stance should investors take in light of these developments? Read more to find…

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