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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  SAIC Motor Corporation Limited    600104   CNE000000TY6

SAIC MOTOR CORPORATION LIMITED

(600104)
  Report
End-of-day quote. End-of-day quote Shanghai Stock Exchange - 10/22
21.14 CNY   -1.77%
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Baidu-backed Chinese EV startup WM Motor raises $1.5 billion

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09/21/2020 | 11:18pm EDT
WM Motor's founder and CEO Freeman Shen and Vice President of Strategic Planning, Lobo Lu attend the WM Motor brand launch event in Shanghai

Baidu-backed Chinese electric vehicle (EV) startup WM Motor said on Tuesday it has raised 10 billion yuan ($1.47 billion) in its latest funding round.

As enthusiasm builds for more climate-friendly vehicles, shares of EV makers, including Tesla Inc and Nio Inc, have surged in recent months and auto makers are looking to the markets for funds.

Shanghai-based WM's local rivals Li Auto Inc , Xpeng Inc are listed in New York.

Investors in WM's latest funding round include Shanghai's state-owned asset regulator's investment firms and SAIC Motor. WM did not disclose its valuation after the funding.

The funding will help WM further develop intelligent vehicle technologies and expand sales channels. The company is eyeing a STAR board listing and has started preparing for it, sources familiar with the matter said.

(Reporting by Yilei Sun and Brenda Goh; Editing by Shounak Dasgupta)


Stocks mentioned in the article
ChangeLast1st jan.
BAIDU, INC. -1.47% 132.86 Delayed Quote.5.11%
LI AUTO INC. -2.11% 18.98 Delayed Quote.0.00%
NIO LIMITED -1.72% 27.38 Delayed Quote.581.09%
SAIC MOTOR CORPORATION LIMITED -1.77% 21.14 End-of-day quote.-11.36%
TESLA, INC. 0.75% 425.79 Delayed Quote.408.92%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.29% 6.6476 Delayed Quote.-4.21%
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All news about SAIC MOTOR CORPORATION LIMITED
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Financials
Sales 2020 755 B 113 B 113 B
Net income 2020 22 518 M 3 378 M 3 378 M
Net cash 2020 61 188 M 9 179 M 9 179 M
P/E ratio 2020 11,0x
Yield 2020 4,10%
Capitalization 247 B 36 948 M 37 050 M
EV / Sales 2020 0,25x
EV / Sales 2021 0,22x
Nbr of Employees 216 360
Free-Float 22,3%
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Technical analysis trends SAIC MOTOR CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 23,14 CNY
Last Close Price 21,14 CNY
Spread / Highest target 43,3%
Spread / Average Target 9,47%
Spread / Lowest Target -27,3%
EPS Revisions
Managers
NameTitle
Xiaoqiu Wang President & Director
Hong Chen Chairman
Bai Ping Bian Chairman-Supervisory Board
Yong Wei Chief Financial Officer & Board Secretary
Bao Xin Jiang Member-Supervisory Board
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