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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.
Huawei's Aito brand achieved significant sales in 2024, with 440,000 vehicles sold, leveraging smart technology to attract consumers. In response to intensifying competition, SAIC is restructuring and launching the Shangjie brand, targeting younger buyers with mid-to-high priced models integrated with Huawei's innovations. As the automotive market evolves, both companies aim to enhance their offerings amid declining traditional vehicle sales.
Zhu Jianjun
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
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