SAIC Motor Corporation (600104)
- 10.45
- -0.06-0.57%
SAIC Motor Corporation (600104) News
Cui Dongshu: Global new energy vehicle sales reached 11.22 million units in the first half of this year, with China accounting for 62%.
Global new energy passenger vehicle sales reached 11.22 million units in the first half of this year, an increase of 13% year-on-year.
SAIC VW ID. ERA 5S Plug-in Hybrid Sedan to Begin Pre-sales on August 11
SAIC VW Files ID. ERA 5X SUV, First All-electric Model in ID. ERA Lineup
China Automobile Dealers Association: Estimated nationwide wholesale sales of new energy passenger vehicles in July reached approximately 1.47 million units, up 23% year-on-year and down 1% month-on-month.
The China Automobile Dealers Association released a flash report on wholesale sales of new energy passenger vehicles by manufacturers for July 2026.
Dow Jones Top Company Headlines at 5 AM ET: SpaceX Says Spending Spree Is Supercharging AI Revenues | Honda ...
General Motors, SAIC Extend Chinese Automotive Joint Venture Through 2047
GM Extends Joint Venture Partnership With SAIC
BofA Securities: Rising Costs Squeeze Profit Margins in China's Auto Sector; Downgrades Target Prices for Multiple Automakers
Bank of America Securities issued a research report, noting that rising raw material costs are expected to exert pressure on profit margins in China’s auto sector. The report highlighted generally weak domestic sales in the first half of the year, with robust export growth emerging as a key bright spot for companies’ interim performance. Based on adjustments to volume forecasts, changes in earnings outlook, and rolling valuation benchmarks, the firm significantly revised target prices for multiple automakers, parts suppliers, and dealerships. Notably, the rating for Seres (09927.HK) was downgraded from 'Buy' to 'Underperform,' and its target price was slashed from HK$100 to HK$46, reflecting intensifying competition for the M8/M9 models, which has weighed on both sales volumes and gross margins, as well as first-half earnings that fell short of expectations.
Market sentiment was buoyed by expectations of a U.S.-Iran agreement regarding the Strait of Hormuz, driving markets higher.
Markets rallied on hopes that Washington and Tehran might reach an agreement to reopen the critical Strait of Hormuz shipping lane. U.S. Treasury Secretary Bessent told CNBC that the two sides could finalize a deal to open the waterway by Wednesday (the 5th). Asian technology stocks rose in line with Wall Street’s record-high momentum. General Motors (GM.US) and China’s SAIC Motor Corporation announced an extension of their joint venture partnership by 20 years, through 2047. India’s June retail inflation climbed to an 18-month high. In Europe, investor attention focused on weight-loss drugmaker Novo-Nordisk A/S (NVO.US), whose upgraded earnings guidance failed to impress the market. Traders
SAIC, GM Extend China Joint Venture by 20 Years to 2047
Express News | Caixin News Midday Digest – August 5
China Passenger Car Association: Preliminary estimates show that domestic automakers' new energy passenger vehicle wholesale sales reached 1.47 million units in July, up 23% year-on-year.
On August 4, the Passenger Car Association released a flash report on wholesale sales of new energy passenger vehicles by manufacturers for July 2026.
BofA Securities: Q2 EV sales growth generally weaker than expected, with overseas expansion emerging as a bright spot
Bank of America Securities published a report reviewing second-quarter results of automakers, auto parts suppliers, and dealerships, and comprehensively revised target prices, primarily reflecting changes in volume assumptions, earnings outlook, and an extension of valuation horizons into the second half of this year and the first half of next year. Regarding automakers, due to weak domestic demand, the firm downgraded BYD (01211.HK), Geely (00175.HK), Nio (09866.HK), Li Auto (02015.HK), XPeng (09868.HK), SAIC Motor (600104.SH), BAIC Motor (01958.HK), and GAC Group (002
SAIC Motor Sales Flat in July
SAIC Motor Corporation Limited (SHA: 600104) 2025 annual profit distribution: a cash dividend of RMB 0.266 per share
Gelonghui, July 31 — SAIC Motor Corporation Limited (SHA: 600104) announced its 2025 annual profit distribution implementation notice. According to the '2025 Annual Profit Distribution Proposal' approved by the company's 2025 annual general meeting of shareholders, a cash dividend of RMB 2.66 (tax inclusive) will be distributed for every 10 shares, based on the total number of shares eligible for profit distribution, which amounts to 11,424,889,211 shares, resulting in a total dividend payout of RMB 3,039,020,530.13. No capital reserve will be converted into additional share capital in this distribution. The record date for this profit distribution is August 6, 2026, and the ex-dividend date is August 2026.
Cui Dongshu: Global auto sales reached 47.86 million units in the first half of 2026, up 3% year-on-year; China's auto market is expected to gradually strengthen going forward.
Global automobile production continues to grow, reaching 96.38 million units in 2025, up 4% from 92.72 million units in 2024, with China accounting for 36% of global production.
Oriental Securities: Domestic auto demand is expected to see marginal improvement, and some companies will undergo valuation recovery.
With automakers progressively refining their diversified export market布局 and local production capacity coming online, passenger vehicle exports are still expected to maintain robust growth in the second half of the year.
Implied criticism of XPeng? The general manager of SAIC Motor's MG brand stated that receiving 46,000 orders within one hour of launch was unbelievable, adding that around 30,000 customers might end up devastated.
Sina Tech News, July 30 evening — SAIC Motor's MG 07 recently launched its pre-sale. In a recent media interview, Chen Cui, General Manager of SAIC MG (MG) Business Unit, commented on order figures in the automotive industry. He stated that the company would not disclose specific order numbers for the MG 07, noting that competition in the automotive sector has become extremely intense. 'Some automakers claim to have received 46,000 orders within one hour of launch—I find that very hard to believe. If there really were 46,000 orders, I think around 30,000 customers might end up crying in the restroom,' Chen remarked. His statement was widely interpreted as a veiled critique of XPeng. Previously, XPeng announced that its MONA L03 model received...
The new car has been accused of copying Xiaomi. Chen Cui, General Manager of SAIC Motor's MG brand, released a single in response: 'I’m drawing from my own heritage—I’ve got more底气than you.'
Sina Tech News, July 23 afternoon — In response to earlier allegations that its new car copied Xiaomi, Chen Cui, General Manager of SAIC MG (Morris Garages) Brand Division, posted a song titled “WO CHAO” on Weibo addressing the controversy. Reportedly, at the end of June this year, during his first live-streamed session introducing the exterior design of the new MG 07, viewers flooded the comments with remarks such as “looks just like a Porsche” or “copied Xiaomi SU7.” At the time, Chen stated in the live stream, “Not a single detail—absolutely none—was copied.” However, unable to withstand the barrage of online criticism, he was forced to end the broadcast prematurely. In the song, however, Chen now says, “I admit I copied,”
European auto market rebounds strongly! June sales post the largest year-on-year increase in nearly three years, with electric vehicles serving as a 'lifeline'.
European car sales rebounded strongly in June, driven by a sharp increase in battery electric vehicle (BEV) sales, offering European automakers some breathing room as they grapple with rising costs and competitive pressure from Chinese carmakers.