|Bid||34.16 x 0|
|Ask||34.17 x 0|
|Day's Range||33.25 - 34.23|
|52 Week Range||22.56 - 34.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.42|
Shanghai's locally-owned state firms will invest an "additional" 800 billion yuan (91.6 billion pounds) annually over the next five years on top of their "regular" investments, mainly for key strategic industries, the city government said on Thursday. It did not give details of how much regular investment these state-owned enterprises (SOEs) were planning, or what industries the additional funds would be for. China's ruling Communist Party has doubled down on its plans to reform the state sector through a mix of market forces and targeted support in a bid to cut inefficiencies and dominate certain swathes of the economy.
General Motors Co's (GM.N) China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday. China has set stringent production quotas for NEVs which automakers must meet by 2019, a move that is prompting a flurry of electric car deals and new launches of battery electric and plug-in hybrid models as automakers in China race to ensure they do not fall short.
* PREVIOUS TRADING SESSION MOVES: * SSEC -0.4 pct, CSI300 -0.1 pct, HSI +0.3 pct * Shanghai- HK daily quota used 11.3 pct * HK- Shenzhen Connect daily quota used 4.1 pct, Shenzhen- HK daily quota ...
BEIJING/DETROIT (Reuters) - U.S. automaker Ford Motor Co (F.N) is overhauling its China plans as its global "One Ford" strategy is holding it back in the world's biggest auto market, two high-ranking company insiders told Reuters. The review of its China operations, part of a broader strategy re-think under new CEO Jim Hackett, will likely see Ford focus on electric commercial vans, which China is encouraging in its polluted and congested city centers, as well as electric cars.
Categories: Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for SAIC Motor Corp. Ltd.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average ... Read more (Read more...)
Mizuho's Vijay Rakesh and Jason Getz met with SAIC Motor, which is one of China's largest auto suppliers and also a partner of General Motors (GM) and Volkswagen (VLKAY), which makes them more confident in the electric vehicle (EV) market in the nation. Rakesh and Getz expect SAIC (formerly Shanghai Automotive Industry Corporation) to introduce seven new EV models next year: Three of its own and two each from GM and Volkswagen. They write that EV is less of a challenge for the European automakers, but SAIC faces some challenges with the models, as its profit margins are "much slimmer:" they estimate in the low single digits.
China's big push towards new-energy vehicles (NEV) will require government backing to win over consumers, Mary Barra, chief executive of General Motors Co , said on Friday, amid broader industry concerns over tough NEV quotas in the market. China, the world's largest auto market, is pushing hard to develop its own green car market, with stringent quotas planned for carmakers and a longer-term aim to ban the production and sale of cars that use traditional fuels. Carmakers, however, worry that targets for electric and hybrid cars may be tough to meet, especially as the government plans to roll back by 2020 subsidies that have supported the market's rapid growth.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Germany's Infineon Technologies and SAIC Motor to set up a joint ...
Categories: Yahoo FinanceGet free summary analysis SAIC Motor Corp. Ltd. reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of SAIC Motor Corp. Ltd. – Anhui Jianghuai Automobile Group Corp., Ltd. Class A and Dongfeng Automobile Co., Ltd. Class A (600418-CN and 600006-CN) that have also reported ... Read more (Read more...)
SAIC General Motors has started recalling 6,451 GL8 minivans in China due to problems with the vehicles' electronic steering software, the country's top quality watchdog said. The recall, which started ...
Baidu, China's leading internet search company, is set to announce the first vehicle manufacturing partners for its self-driving software next week, including Chery Automobile, one of the country's biggest carmakers, according to a person familiar with the matter. The partnerships may be announced in Beijing, but they are the result of work that is happening 6,000 miles away in Silicon Valley, where Baidu and more than 30 other Chinese companies are busy developing and funding software and hardware to power internet-connected, autonomous vehicles. The goal is to get those vehicles on the roads in China, the world's biggest auto market.
China's SAIC Motor's Silicon Valley unit is the latest automaker to get permission to test self-driving cars in California.
SAIC Motor Corp., China’s largest automaker by sales volume, plans to set up its first car manufacturing plant in India as Chinese carmakers push into overseas markets.
BEIJING/DETROIT, June 22 (Reuters) - Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government. Tesla has said it wants to build electric cars in China to avoid a 25-percent tariff on imported vehicles. The company did not provide a timeline for setting up a China plant, but said it expects to "more clearly define" its China production plans by the end of the year.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to SAIC Motor Corp. Ltd. Here are 5 ETFs with the largest exposure to 600104-CN. Comparing the performance and risk of SAIC Motor Corp. Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower ... Read more (Read more...)
Categories: Yahoo FinanceGet free summary analysis SAIC Motor Corp. Ltd. reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of SAIC Motor Corp. Ltd. – Weichai Power Co., Ltd. Class A, Anhui Jianghuai Automobile Group Corp., Ltd. Class A, Dongfeng Automobile Co., Ltd. Class A and Guangzhou ... Read more (Read more...)
Auto loan securitisations have continued to thrive this year in China, in contrast with the sharp decline in vanilla bond sales. Last week, SAIC-GMAC Automotive Finance completed a 4 billion yuan ($580 million) print of asset-backed securities in the interbank bond market, bringing total auto ABS issues year to date to 12, up from seven in the same period last year. New issue volumes almost tripled to 42 billion yuan from 14.9 billion yuan in the first five months of 2016, according to data provider Wind.
General Motors has announced that it plans to stop selling Chevrolet brand cars in India at the end of 2017. The company currently runs two production facilities in the country.
Audi, a unit of Volkswagen, said on Saturday it had struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury carmaker's business in the world's biggest auto market. The dispute stemmed from Audi's partnership with SAIC Motor Corp, China's largest automaker, for a long-term collaboration that could include the production and distribution of Audi models in the future.
German luxury carmaker Audi , a unit of Volkswagen, on Saturday said it had signed an agreement with its dealers in China regarding how it will do business in the world's largest car market. Audi board member Dietmar Voggenreiter said the agreement with China's FAW Group, the FAW-Volkswagen joint venture and the Audi dealer council was a "strategic milestone for Audi's business in China".
Rating Action: Moody's assigns definitive Baa3 issuer rating to Yanfeng Global Automotive Interior Systems. Global Credit Research- 09 May 2017. Hong Kong, May 09, 2017-- Moody's Investors Service has ...
Categories: Yahoo FinanceGet free summary analysis SAIC Motor Corp. Ltd. reports financial results for the quarter ended December 31, 2016. Highlights Summary numbers: Revenues of CNY 221,481.69 million, Net Earnings of CNY 8,917.06 million. Gross margins widened from 12.89% to 13.15% compared to the same period last year, operating (EBITDA) margins now 2.56% from 2.04%. Change in ... Read more (Read more...)