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China's biggest automaker SAIC to have nearly 100 new EV models by 2025

09/28/2020 | 05:15am EST
Woman wearing a face mask following the coronavirus disease (COVID-19) outbreak walks by a SAIC Motor logo at a sales event in Shanghai

SAIC Motor, the biggest automaker in China, plans to have nearly 100 new energy models with its partners by 2025, its president Wang Xiaoqiu said on Monday.

New energy vehicles include battery electric vehicles as well as plug-in hybrid and hydrogen fuel cell vehicles. Among the nearly 100 models, which include new and existing models, SAIC plans to have over 20 plug-in hybrid models and 10 hydrogen fuel-cell vehicles, Wang said.

Nearly 60 of them will be from SAIC's own brands. SAIC partners with Volkswagen and General Motors.

Volkswagen and GM have announced their plans for electric vehicles in China, the world's biggest auto market.

Monthly sales of Wuling Hong Guang MINI EV, a micro electric car by a venture between SAIC, GM and another local partner, have reached 20,000 units, Wang said.

(Reporting by Yilei Sun and Brenda Goh, editing by Louise Heavens)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY 0.44% 44.275 Delayed Quote.20.46%
SAIC MOTOR CORPORATION LIMITED -1.48% 25.24 End-of-day quote.5.83%
VOLKSWAGEN AG -0.45% 145.42 Delayed Quote.-17.11%
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