The Latest Breaking News from SAIC

Plug-in electric car sales in China continue to increase, and March brought another solid result, indicating that electrification is going mainstream.

SHANGHAI: Chinese car manufacturer SAIC Motor announced Tuesday that it has started construction of a new energy industrial park in Thailand, which is expected to focus on localised production of key auto parts for the company's new energy vehicles (NEVs).

The Fed’s continued rate hikes and the recent turmoil in the banking system have renewed recession fears lately. Despite growing recessionary pressures, investors shouldn’t shy away from adding fundamentally sound stock Science Applications (SAIC) to their watchlist. On the contrary, eliminating struggling stocks OncoCyte (OCX) and Flora Growth (FLGC) could…

Elissa Tenny, the first female president in the school’s 157-year history, said she is retiring next year.

Traders have been abandoning Chinese auto stocks as a price war started by Tesla and BYD spread across the whole industry, a sign of weak consumer sentiment amid pessimism about the pace of economic recovery.

Some 343,691 new passenger plug-in electric cars were registered in China in January, which is 8 percent less than a year ago.

Five OEMs - BYD, Tesla, Volkswagen Group, SAIC and Geely-Volvo - were responsible for more than half of all plug-in car sales in 2022.

December brought a massive record of global passenger plug-in electric sales, taking the full-year volume beyond 10 million units.

Some 671,450 new passenger plug-in electric cars were registered in China in December, which is 32 percent more than a year ago and the best result ever.