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  SAIC Chen Hong: no subsidy will lead to the "cliff" decline of China's new energy vehicles.

  As we all know, the domestic new energy subsidy policy will decline sharply this year, but the specific policy has not yet been announced. It is said that the state subsidy will decline and the land subsidy will be cancelled until 2021. This measure not only makes enterprises that rely on subsidies lose their support, and many domestic electric cars have to implement price increases or other remedial measures as the subsidies retreat, how to implement "changing lanes to overtake"? With regard to the plan to withdraw subsidies in the future, Chen Hong, chairman of SAIC Group, said that China's new energy vehicles are still mainly policy-driven, and the market driving force is not strong enough. After the purchase subsidy is cancelled by 2020, if there is no other policy to follow up.

  Sulfonic acid 2019-03-12
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  SAIC suddenly stopped buying Shenzhou rental cars, and Chen Hong responded that "acquisitions should not be just acquisitions."

  China car rental receiver has skipped tickets many times, why is China car rental not favored? SAIC "Xiehu" BAIC announced on July 2 that SAIC Hong Kong, a wholly owned subsidiary, would buy no more than 613 million shares of Shenzhou Rental car for a total price of no more than HK $1.902 billion at HK $3.10 per share. Once the acquisition is completed, Shenzhou excellent car will no longer hold a stake in China car rental, and SAIC will hold a 28.92% stake in China car rental to become the largest shareholder. However, half a month later, the matter was reversed. On July 20, SAIC announced that it would affect the above-mentioned transactions during the negotiation of the follow-up equity transfer agreement.

  Shenzhou car Rental SAIC 2020-07-20
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  SAIC Chairman Chen Hong: SAIC Audi's first product will be on the market in 2022

  Chen Hong, party secretary and chairman of SAIC, said the first SAIC Audi model will go on sale in 2022, according to media reports. According to previous information, the first product released by SAIC Audi in early 2022 is likely to be domestic A7L. At present, the imported A7 starts at 573800, and the domestic A7L may enter the range of 500000 yuan. In terms of appearance, SAIC Audi A7L and A7 will not be much different, using a large sliding back coupe shape and frameless door design, but the details of the new car will certainly have a certain adjustment. At present, the body size of the imported Audi A7 is 4976max 1908AML.

  SAIC Audi 2020-05-25
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  Chen Hong, chairman of SAIC, said: without the support of the new policy, sales of new energy vehicles may decline "off a cliff" in 2020.

  At this year's two sessions, Chen Hong, deputy to the National people's Congress and secretary of the party committee and chairman of Shanghai Automobile Group Co., Ltd., said that China's new energy vehicles are still mainly policy-driven and the market driving force is not strong enough. After the purchase subsidy is abolished by 2020, if there is no other policy to follow up, due to the sharp rise in the purchase cost of new energy vehicles, it is likely to lead to a "cliff" decline of about 40% in China's new energy vehicle market, especially pure electric vehicles. Market share may fall by about 50%. Prior to this, the National New Energy Administration issued a number of regulations to rectify the chaos in the new energy vehicle industry.

  Sales volume new energy the two sessions 2019-03-12
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  SAIC Audi has a preliminary plan to launch the model, and the Audi A7L will be listed in China next year.

  Today, SAIC held a shareholders' meeting, at which Chairman Chen Hong revealed the relevant progress of the SAIC Audi project. Chen Hong said: "for the cooperation project with Audi, we and Volkswagen are also in the process of communicating. SAIC Volkswagen introduces high-end brands to speed up the development of Audi business in China, which is a formal consensus reached between SAIC and Volkswagen. The general direction of the principle of cooperation has not changed, but the specific details of cooperation are still being negotiated, and the specific models have been initially planned. In June 2018, Audi officially invested in SAIC Volkswagen, laying the foundation for the development and production preparation of the first product. SAIC Volkswagen.

  Audi model domestic listed 2019-05-24
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  The best in history! Evergrande successfully introduced another HK $26 billion, with its share price rising as much as 66%.

  Less than four months after the heat of the new energy vehicle market, Evergrande received new investment a few days ago. Evergrande issued an announcement on the evening of the 24th, placing 952 million new shares to six investors, attracting a total of HK $26 billion, which was voluntarily locked up for 12 months.

  Evergrande Automobile 2021-01-25
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  SAIC has failed to beat the market, and the chairman hopes that shareholders will not always throw cold water on it.

  In the first five months of this year, SAIC's sales did not outperform the market, which brought a lot of pressure. in the face of doubts from shareholders, Chen Hong, chairman of SAIC, said at the shareholders' meeting that the performance of the front-end time was really not good in order to win the overall performance this year. I also hope that shareholders can give encouragement and don't always throw cold water on it. SAIC is facing great challenges. In the past, as the largest automobile group in China, it is under tremendous development pressure under the influence of the overall decline of the car market and the epidemic. SAIC's performance was slightly disappointed when several car companies and the car body car market recovered in May. Affected by the epidemic, SAIC's sales in the first quarter were only.

  SAIC Volkswagen 2020-06-15
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  The development of hydrogen fuel cell vehicles is slow and will withdraw subsidies in accordance with established policies.

  Hydrogen fuel cell vehicles are one of the ways to realize clean energy, but there are still some obstacles in infrastructure, cost, storage, transportation and technology, which lead to difficulties in popularization and use, even if the state gives large subsidies. At present, hydrogen fuel cell vehicles in the field of domestic passenger vehicles have hardly been used. Chen Hong, chairman of SAIC Group, suggested in the "two sessions" proposal that local subsidies should be allowed to maintain a certain proportion of supporting support for the purchase of fuel cell vehicles after 2019. At the same time, it is suggested that the Ministry of Finance continue to subsidize fuel cell vehicles after 2021. The Ministry of Finance responded that hydrogen fuel cell vehicles are subsidized.

  Hydrogen fuel cell vehicle 2019-10-13
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  The latest announcement! Senior executives of Dongfeng joint venture are investigated

  The anti-corruption campaign of Dongfeng Company continues! According to the Shiyan Municipal Commission for discipline Inspection Supervision Committee, Xiong Yi, former head of the Marketing Department of Dongfeng Renault Motor Co., Ltd. (not a member of the Communist Party of China), was suspected of serious job violations and crimes. He voluntarily surrendered to the Office of the Supervisor of the State Supervision Commission in Dongfeng Automobile Group Co., Ltd.,

  Dongfeng Renault Automobile sales Company Market Group Minister Vice President Co. Ltd. Chen Xi sales Department Corey General Manager 2022-07-28
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  Sudden announcement! Three senior executives of two Dongfeng joint ventures are investigated

  The anti-corruption campaign of Dongfeng Company continues. Following the investigation of two senior executives of DPCA on May 20 and June 4, a number of senior executives have recently been subject to disciplinary review and supervision investigation on suspicion of serious violations of discipline and law. According to the Dongfeng Automobile News on the 13th, a total of three senior executives of Dongfeng Automobile Joint Venture Shenlong Motor and Dongfeng Renault have been investigated. Chen Xi, former vice president and minister of marketing and sales of Dongfeng Renault Motor Co., Ltd., was subject to supervision and investigation. According to the notice, according to the discipline Inspection Commission of the CPC Dongfeng Automobile Group Co., Ltd., the Office of the State Supervisory Commission in Dongfeng Automobile Group Co., Ltd., and the Xianning Municipal Supervisory Committee, the former Dongfeng Renault.

  Dongfeng Motor Dragon Motor 2021-08-14
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  All of a sudden! Great changes in Wei Brand of the Great Wall

  On the evening of Oct. 13, Great Wall Motor Wei Brand and Tank CEO Chen Siying said in a personal Weibo post that he would say goodbye to Great Wall Motor and leave because of family reasons. In this response, Chen Siying said: "recently, due to some situation at home, I have to stop paying attention to my fans at this inappropriate time."

  Cars sales Great Wall Chen Si Blue Mountain models companies Brands Alpine sales products Mochas growth Marketing Tank 2023-10-13
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  The market value of Evergrande has fallen by more than 4 billion a day, and the market value of Evergrande has evaporated by more than 600 billion.

  Recently, affected by a series of negative news from its parent company, China Evergrande, Evergrande Group announced on September 13 that it expected sales to continue to decline sharply in September, which led to the continued deterioration of the group's sales payback. further put tremendous pressure on cash flow and liquidity. After the announcement of Evergrande Group, Evergrande closed down 24.66% to HK $3.88 per share, with a total market capitalization of HK $37.904 billion, according to HKEx filings today. Mr. and Mrs. Joseph Lau, a close friend of Xu Jiayin and a wealthy Hong Kong businessman, reduced their holdings of 24.436 million shares in China Evergrande at an average price of HK $3.58 per share on September 10.

  Evergrande Automobile 2021-09-17
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  Chinese property clearance Evergrande, Hong Kong tycoon Joseph Lau lost 11 billion

  Liu Luanxiong, Xu Jiayin's best ally, could not bear it because of the Evergrande Group debt crisis. On November 23rd, Chinese real estate announced the clearance of 751 million shares of Evergrande. The announcement said, "depending on market conditions at that time, the Group will sell up to 751 million authorised shares in the market or through block transactions in one or a series of transactions from time to time during the authorisation period." The Sale license will be valid for a period of 12 months from September 23, 2021 to September 22, 2022. Chinese property notice said that from 2017 to 2018, the company bought a total of 860 million shares in China Evergrande at a total cost of 135.9.

  Evergrande Group 2021-11-24
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  SAIC released production and sales figures for May, its brands fell across the board.

  Affected by the market environment, SAIC continued its negative growth trend, and its brands fell almost across the board in May this year. Recently, SAIC announced the production and marketing of KuaiBao in May. According to the data, SAIC's cumulative production in May was 412000 vehicles, down 29.8% from the same period last year, and 9.6% from the previous month to 2.393 million vehicles from January to May, down 21.6% from the same period last year. Cumulative sales in May were 481000, down 16.3 per cent from a year earlier. The cumulative sales from January to May were 2.471 million, down 16.7 per cent from a year earlier. Its brands, in addition to Shanghai Shenwo bus Co., Ltd. And SAIC Zhengda.

  Sales release passenger cars year-on-year data 2019-06-12
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  SAIC announced the latest sales, joint venture brands fell across the board

  Recently, SAIC released the latest data, showing that production and sales in June 2021 were 327385 and 328621 respectively, down 31.33% and 31.46% year-on-year respectively, while cumulative production and sales in the first half of the year were 2339258 and 2297285 respectively, up 17.42% and 12.11% year-on-year. It should be noted that the data released by general car companies are wholesale sales data, that is, data from manufacturers to brand dealers. Generally speaking, wholesale sales data can not directly reflect the performance of the end market. But it can also reflect the performance of the car company in the market.

  SAIC Volkswagen 2021-07-12
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  Another high-end brand, SAIC's new brand is named "Zhiji Automobile"

  According to media reports on October 12, SAIC is working on a new electric smart vehicle brand project codenamed "L", which will be led by SAIC Chairman Chen Hong, with President Wang Xiaoqiu as commander-in-chief. A month later, the project has made the latest progress. On November 26th, SAIC announced that the "L" project of SAIC was officially named "Zhiji Automobile" and was built by a joint venture between SAIC, Pudong New area and Alibaba. The initial round financing of the project is 10 billion yuan, of which SAIC holds 54%. Pudong New area and Ali each own 18%, and the others account for 10%. "Zhiji car.

  SAIC Group 2020-11-27
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  Audi A7 is officially launched in China and will be put into production at SAIC-Volkswagen plant next year.

  Chen Hong, chairman of SAIC Group, revealed earlier that "SAIC-Volkswagen introduces high-end brands to accelerate the development of Audi business in China, which is a formal consensus reached between SAIC and Volkswagen. At present, there is a preliminary plan for the specific models to be launched." Recently, the model for SAIC Audi has been confirmed-Audi A7L. The related bidding project of CP3 Audi A7L project of SAIC Volkswagen Co., Ltd. has been officially launched in China International bidding Network, which means that the localization of Audi A7L has completed the preliminary preparation work and is about to enter the stage of production. According to previous news, SAIC Audi A7L will be in 2020.

  Audi Audi A7 2019-12-08
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  SAIC's market capitalization has been severely criticized by shareholders! Executive: Mercedes-Benz and BMW are not as good as the new power of building cars

  As we all know, SAIC is the largest automobile group in China, with brands such as SAIC-Volkswagen, SAIC-GM, SAIC-GM Wuling, SAIC Roewe, SAIC Mingjue, SAIC R, SAIC Chase, SAIC Iveco and other brands, covering passenger and commercial vehicle markets. Data show that SAIC sold 5600482 vehicles in 2020 and 1968664 from January to May in 2021. It can be said that SAIC is the largest auto company in the domestic market, and it is also among the top 10 in the global auto market. However, the share price of such a company has been depressed.

  SAIC Group 2021-07-01
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  Sales of new energy vehicles fell 35% in September, and analysts say there will be a cliff decline.

  With the sharp reduction in subsidies, sales of new energy vehicles have declined for three months in a row, which is in great contrast to the rapid growth in the same period last year. New energy narrow passenger car sales in September were 61000, down 34.8 per cent from a year earlier and 4.2 per cent month-on-month, according to the Federation of passengers. In a rare occurrence, sales of new energy vehicles declined for three months in a row, including a year-on-year decline of 3.8% in July and 21.7% in August, showing a trend of increasing monthly decline, and the monthly decline also far exceeded that of the overall passenger car market. The sales of new energy vehicles continued to decline, mainly affected by the decline in market demand and the sharp decline in subsidies. Since 6.

  Sales of new energy vehicles 2019-10-13
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  FF announced substantial progress in cooperation with Geely, choosing the location of the flagship store in Beijing, Shanghai, Guangzhou and Shenzhen.

  On September 19th, Faraday Future FaradayFuture held the "919th Futurist Co-creation Festival" in Beijing. The cooperation between FF and Geely Holdings made substantial progress, and the two sides achieved the first stage of technical cooperation. At present, the technical teams of both sides are closely docking to carry out the acceptance and development preparation of the platform technology. Chen Xuefeng, CEO of FF China, said FF91's first flagship stores in China will be located in Beijing, Shanghai, Guangzhou and Shenzhen. In this 919 futurist co-creation festival, FF announced the domestic sales and channel strategy of FF91 for the first time, revealing that FF has become.

  FF 2021-09-20