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SAIC has partnered with Huawei to develop and sell battery-powered electric vehicles, marking a strategic move as it faces declining sales and competition from BYD. The first model, expected to be the most affordable under the new brand, will feature Huawei's assisted driving system and is set to launch in Q4 2024, priced between RMB 150,000 and RMB 250,000. This collaboration aims to enhance SAIC's competitiveness in the rapidly evolving EV market.
Volkswagen Group and SAIC have extended their joint venture to 2040, enhancing their collaboration in the rapidly evolving Chinese automotive market. This long-term agreement aims to accelerate the electrification of vehicles, optimize production efficiency, and implement ambitious decarbonization initiatives, ensuring a competitive edge in intelligent electric mobility. The partnership, which has lasted 40 years, focuses on developing new electric models and maintaining a leading market position in smart technologies.
Wang Xiaoqiu
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
saic and huawei partner to develop affordable electric vehicles in china
10:59 24.02.2025
Volkswagen and SAIC extend joint venture to enhance electric vehicle development
05:58 29.11.2024
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