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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  SAIC Motor Corporation    600104   CNE000000TY6

SAIC MOTOR CORPORATION

(600104)
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SAIC Motor : MG deal paves way for EV launch

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05/16/2019 | 08:13pm EDT

The British auto maker, owned by China's SAIC Motor Corporation, plans to launch its first EV in Thailand next month. The ZS compact EV will be the first fully electric compact crossover to be sold in the Kingdom when it is officially launched on June 20. Prior to the signing of the MoU signing, MG producer SAIC Motor-CP Co Ltd and distributor MG Sales (Thailand) Co staged a seminar titled "EVolution of Automotive" to shed more light on electric mobility and opportunities for the Thai automobile industry in regard to electric vehicles.

The event featured seven guest speakers from organisations including the Ministry of Industry, the Thailand Automotive Institute (TAI) and MG Motors.!-- yenko in read content -- !-- end yenko in read content -- Adisak Rohitasune, acting president of TAI, said that as much as 50 per cent of the expected 2.

5 million automobiles produced in Thailand by 2030 will be EVs (up from the current 1 per cent), consisting of HEVs (hybrid electric vehicles), PHEV (plugin hybrid electric vehicle), BEVs (battery electric vehicles) and FCEVs (fuel cell electric vehicles). "Meanwhile, they will also achieve level 3 autonomous driving abilities in a range of 5, which means they can run in automatic mode in several conditions including highways," he said.

While the local automobile industry was built under the model of manufacturer and suppliers (tiers 1-3), the structure will change dramatically in the future with digital-based companies replacing ramp-down suppliers of fading technologies, Adisak said. Siriruj Chulakaratana, deputy permanent secretary at the ministry, said Thailand is gearing up for EVs and autonomous vehicles (AVs) and the significant changes that await the automobile industry, ranging from electrification to data management and communications as well as vehicle sharing.

"In the future, vehicles will also come with AI (artificial intelligence) that would connects a car to other vehicles as well as to a larger fleet and the city network," he said. Amorn Sapthaweekul, deputy CEO of Energy Absolute PCL (EA), said the company has built more than 400 charging stations around the country, with more than 200 already in operation.

While normal charging might take hours via a 44kW standard charger, EA also offers quick-charging services with up to 150kW of power, allows a vehicle to be fully charged in just 15 minutes. "Currently we charge Bt50 an hour for charging PHEVs, but in the future, when there are more BEVs, we will start charging by electrical power units," Amorn said.

© Pakistan Press International, source Asianet-Pakistan

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Financials (CNY)
Sales 2019 934 B
EBIT 2019 33 968 M
Net income 2019 36 303 M
Finance 2019 86 380 M
Yield 2019 6,07%
P/E ratio 2019 8,23
P/E ratio 2020 7,69
EV / Sales 2019 0,23x
EV / Sales 2020 0,19x
Capitalization 298 B
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 29,5  CNY
Spread / Average Target 16%
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Managers
NameTitle
Zhi Xin Chen President, Director & Deputy Party Secretary
Hong Chen Chairman
Baiping Bian Chairman-Supervisory Board
Yong Wei Chief Financial Officer & Board Secretary
Xin Ping Cao Head-Commercial Vehicle Technology
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