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SAIC, Volkswagen
SAIC, Volkswagen extend joint venture agreement to 2040: companies told GT
On the occasion of SAIC Volkswagen's 40th anniversary, SAIC Motor and the Volkswagen Group signed an extended joint venture (JV) agreement in Shanghai, further strengthening their long-term partnership and prolonging the joint venture period of SAIC Volkswagen until 2040,
SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant
Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of forced labor dogged the facility for many years.
SAIC, VW extend joint venture to 2040
China's SAIC Motor and German car group Volkswagen AG have extended their joint venture by 10 years, prolonging their collaboration at SAIC Volkswagen until 2040. This agreement, which was signed on Tuesday, marks the second renewal of the partnership, highlighting the success of Sino-German cooperation in the automotive sector.
BYD asks suppliers to cut prices
SAIC’s Maxus Joins BYD in Pushing Suppliers for 10% Price Cut
SAIC Motor Corp.’s Maxus brand has joined market leader BYD Co. in seeking a 10% price cut from suppliers, another sign China’s auto price war will continue into next year.
China’s EV price war is so brutal that BYD is trying to pinch its suppliers
China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects.
China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts
Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.
22h
VW buckles after years of pressure to sell up in Xinjiang
Volkswagen will sell its operations in China's Xinjiang, it said on Wednesday, after years of mounting pressure to abandon ...
1d
Volkswagen, Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor are selling their Xinjiang factory following human rights concerns. They've also extended their ...
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