|Bid||20.69 x 0|
|Ask||20.70 x 0|
|Day's Range||20.25 - 20.96|
|52 Week Range||18.03 - 27.32|
|Beta (5Y Monthly)||0.55|
|PE Ratio (TTM)||9.93|
|Earnings Date||Oct 30, 2021|
|Forward Dividend & Yield||0.62 (3.06%)|
|Ex-Dividend Date||Jul 30, 2021|
|1y Target Est||24.70|
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(Bloomberg) -- SAIC Motor Corp. is planning a fresh round of fundraising for its mobility service platform Xiangdao Chuxing, according to people familiar with the matter, as it seeks to stay competitive amid shifts in the automotive industry. Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female FoundersAutomating the War on Noise Pollution‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsChina’s biggest carmaker, which counts Volkswagen AG and General Motors Co. as partne
Volkswagen is in talks to tighten its grip on a majority-owned joint venture in China, sparking tensions with the German automaker's other Chinese partners who fear they could be sidelined, sources familiar with the matter said. The world's second-biggest carmaker secured a controlling 75% stake in a venture with China's JAC in 2020 after Beijing relaxed rules that had previously barred foreign firms from owning majority stakes in local auto companies. Volkswagen, which took control of one of JAC's plants in the eastern city of Hefei last year, is now in talks to buy another as part of a big expansion in electric vehicles (EV), three sources with knowledge of the matter said.
In late December 2019, managers at Volkswagen headquarters in Wolfsburg realised they might have a serious problem in China, the company's biggest market and ticket to its electric future. Its flagship Passat sedan had fared badly in an unofficial safety test carried out by an insurance industry body which simulated a front-on driver's side collision, a test that's been widely used in the United States for around a decade. The crash-test video went viral, attracting millions of views and triggering a social media furore across China, where the German auto king's success is built on its reputation for superior quality and engineering.