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    Home > Chemicals Industry > Chemical Technology > SAIC Motor raised RMB7.2 billion for new energy vehicles and other projects

    SAIC Motor raised RMB7.2 billion for new energy vehicles and other projects

    • Last Update: 2022-11-19
    • Source: Internet
    • Author: User
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    SAIC Motor recently announced a private placement plan, the company intends to raise a total of no more than RMB 15 billion, which will be used for new energy vehicles, intelligent mass customization, forward-looking technology and Internet of Vehicles, auto services and auto finance projects
    .

    It is reported that most of the funds raised by SAIC will be used for new energy vehicle related projects, including SAIC's own brand passenger car energy-saving and new energy vehicle new product projects; SAIC's own brand commercial vehicle new energy vehicle new product project; SAIC Transmission, Hybrid EDU transmission capacity expansion and product upgrade projects will use the raised funds of approximately CNY 7.
    2 billion
    .

    SAIC Motor has previously announced that it will invest a total of 20 billion yuan in the next five years to launch more than 30 new products to maintain its leading edge
    in the field of new energy vehicles.
    SAIC Motor aims to sell 600,000 new energy products in 2020, including 200,000 units under its own brands
    .

    According to the plan, among the 30 new energy products, there are 13 pure electric vehicles, and 17 plug-in hybrid products, which will also include commercial vehicles, as well as new energy products of joint venture brands such as SAIC-GM and Shanghai Volkswagen, including Roewe 550PHEV mass-produced in February next year, Roewe 950PHEV mass-produced in June, and MG Ruiteng PHEV mass-produced in October, the above three models will be introduced to the market
    one after another.

    Up to now, SAIC New Energy Products has launched two models, Roewe 550 plug-in hybrid and Roewe E50 electric version, and a number of new models
    will be planned in the future.
    In this regard, Wang Xiaoqiu, vice president of SAIC Motor and general manager of SAIC Motor Passenger Vehicle Company, said: "Starting from 2015, SAIC Motor will also plan to launch a new energy model every year in the future, including Roewe 950 plug-in hybrid model, Roewe plug-in hybrid SUV model and a new generation of high-performance pure electric vehicles
    that can achieve ultra-long cruising range.

    The data shows that taking the sales of new energy vehicles in the first half of this year as an example, domestic new energy passenger vehicles completed sales of 50,627 units, an increase of 185.
    8%
    over the same period last year.
    This is mainly due to the strong support of the central and local governments in recent years, which has led to an increase in the purchase of vehicles by private consumers, and new energy sales are expected to exceed 120,000 units
    this year.

    SAIC Motor recently announced a private placement plan, the company intends to raise a total of no more than RMB 15 billion, which will be used for new energy vehicles, intelligent mass customization, forward-looking technology and Internet of Vehicles, auto services and auto finance projects
    .

    New energy vehicles

    It is reported that most of the funds raised by SAIC will be used for new energy vehicle related projects, including SAIC's own brand passenger car energy-saving and new energy vehicle new product projects; SAIC's own brand commercial vehicle new energy vehicle new product project; SAIC Transmission, Hybrid EDU transmission capacity expansion and product upgrade projects will use the raised funds of approximately CNY 7.
    2 billion
    .

    SAIC Motor has previously announced that it will invest a total of 20 billion yuan in the next five years to launch more than 30 new products to maintain its leading edge
    in the field of new energy vehicles.
    SAIC Motor aims to sell 600,000 new energy products in 2020, including 200,000 units under its own brands
    .

    According to the plan, among the 30 new energy products, there are 13 pure electric vehicles, and 17 plug-in hybrid products, which will also include commercial vehicles, as well as new energy products of joint venture brands such as SAIC-GM and Shanghai Volkswagen, including Roewe 550PHEV mass-produced in February next year, Roewe 950PHEV mass-produced in June, and MG Ruiteng PHEV mass-produced in October, the above three models will be introduced to the market
    one after another.

    Up to now, SAIC New Energy Products has launched two models, Roewe 550 plug-in hybrid and Roewe E50 electric version, and a number of new models
    will be planned in the future.
    In this regard, Wang Xiaoqiu, vice president of SAIC Motor and general manager of SAIC Motor Passenger Vehicle Company, said: "Starting from 2015, SAIC Motor will also plan to launch a new energy model every year in the future, including Roewe 950 plug-in hybrid model, Roewe plug-in hybrid SUV model and a new generation of high-performance pure electric vehicles
    that can achieve ultra-long cruising range.

    The data shows that taking the sales of new energy vehicles in the first half of this year as an example, domestic new energy passenger vehicles completed sales of 50,627 units, an increase of 185.
    8%
    over the same period last year.
    This is mainly due to the strong support of the central and local governments in recent years, which has led to an increase in the purchase of vehicles by private consumers, and new energy sales are expected to exceed 120,000 units
    this year.

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