SAIC boosts wholly owned auto brands

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SAIC Roewe E50 Electric Cars

SAIC boosts wholly auto brands

Details on Monday, 04 January 2010 Written by David Cao Hits: 477

Motor Co Ltd sold more 82,000 cars of its Roewe and MG between January and November of up 160 percent over the same of the previous year. Full-year are expected to hit 90,000 units, the said.

The top Chinese automotive also partner of Germany’s and US carmaker General Motor, plans to double the sales of its two owned brands to 180,000 in

It will soon introduce new models of its own brands this including the MG6 compact, Roewe model and the Roewe SUV.

The is also developing new-energy that carry its own badges. It commercially produce the Roewe 750 hybrid in 2010, which 20 percent less gasoline.

In May the will unveil its first hybrid electric car, the 550, which can save than 50 percent on fuel The model will be put into production by 2012.

Also in the company will launch its own of purely electric-powered cars have zero emission.

Last month, the company it will set up a joint venture US-based A123 Systems one of the world’s leading lithium-ion suppliers, to co-develop battery for its green vehicles.

According to Hong, president of SAIC Co Ltd, developing electric is an inexorable trend and auto should prepare for the fundamental

SAIC has already successfully several kinds of new energy including a dimethyl ether hybrid coach, electric ultra capacitor coach, sedan and plug-in fuel sedan.

The company plans to supply 1,000 alternative energy to serve the World Expo year, including purely as well as ultra capacitor fuel battery and hybrid It displayed six new energy models for the World Expo at the 2009 International Industry Fair in last year.

SAIC Roewe E50 Electric Cars

Research and work on new energy vehicles in started about a decade but large-scale commercialization of clean remained out of reach, mainly due to prices and recharging problems.

carmakers such as BYD and Chery are working on research and development of cars.

SAIC began to produce its cars Phoenix — the was later changed to Shanghai in the 1950s but stopped production in the 1990s. For the following decade, the had no homegrown brands.

In October the company unveiled its first brand car, developed on the of Rover 75 technology it acquired the failed British carmaker MG Its MG brand cars are based on the technology.

Unlike many automakers that mainly low-end cars priced 100,000 yuan ($14,645.15), positioned its Roewe and MG models as and high-end products from the beginning.

Since May 2009, the Roewe 550 enjoyed stable monthly of more than 6,000 which is seen by the company as a in building a domestic medium- and brand to compete with made by the joint ventures.

SAIC has more than 240 for its own brands in China’s first and tier cities. The company it will strengthen the sales in lower-tier cities in the future.

SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars

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