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    600104   CNE000000TY6

SAIC MOTOR CORPORATION LIMITED

(600104)
  Report
End-of-day quote. End-of-day quote Shanghai Stock Exchange - 10/21
20.98 CNY   0.00%
10/14SAIC MOTOR : GM-Wuling Posts 23% Jump in January-September Sales
MT
10/12China's Auto Sales Tank 19.6% in September
MT
10/12SAIC MOTOR : General Motors' China Sales Slide 19% in Q3 on Chip Crunch
MT
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GM's China joint venture develops own auto chips

09/15/2021 | 12:40pm EDT
FILE PHOTO: General Motors sign is seen at the third China International Import Expo (CIIE) in Shanghai

BEIJING (Reuters) - One of General Motors Co's China joint ventures said on Wednesday it is developing auto chips and aims to increase use of locally sourced chips in the next five years. Liuzhou-based SGMW, GM's venture with partners SAIC Motor Corp and Guangxi Automobile Group, said at an industry conference that it has been developing its own auto computing chips since 2018. SGMW did not say whether it is merely designing chips or is also participating in chip-manufacturing but said it would boost cooperation with Chinese manufacturers to improve quality and economy of its chips. A prolonged global shortage of semiconductor chips has affected major automakers https://www.reuters.com/technology/car-chip-shortage-abate-smartphones-could-be-next-industry-execs-2021-07-23 including Ford Motor Co, Honda Motor Co Ltd, and Volkswagen AG, forcing many to idle or curtail production. SGMW is also developing battery-swapping stations for its micro electric vehicles, it said at World New Energy Vehicle Congress.

(Reporting by Yilei Sun and Brenda Goh in Beijing; Editing by Matthew Lewis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -2.09% 3416 End-of-day quote.18.71%
SAIC MOTOR CORPORATION LIMITED 0.00% 20.98 End-of-day quote.-14.16%
VOLKSWAGEN AG 1.16% 194.08 Delayed Quote.25.84%
All news about SAIC MOTOR CORPORATION LIMITED
10/14SAIC MOTOR : GM-Wuling Posts 23% Jump in January-September Sales
MT
10/12China's Auto Sales Tank 19.6% in September
MT
10/12SAIC MOTOR : General Motors' China Sales Slide 19% in Q3 on Chip Crunch
MT
10/11SAIC MOTOR : sets year-high monthly sales volume in Sep
PU
10/08Asia's Auto Production Falls to 16-Month Low in September, IHS Markit Survey Shows
MT
10/08Tranche Update on SAIC Motor Corporation Limited's Equity Buyback Plan announced on Sep..
CI
09/30Nio Starts Electric-Vehicle Deliveries in Norway as Chinese Carmakers Foray into Europe
MT
09/30SAIC MOTOR : Audi to Produce More Tailor-Made Vehicles For Chinese Market
MT
09/29Chinese automaker GAC enters N. American market, but under Dodge marque
RE
09/29SAIC MOTOR : Expo Dubai concept car "Kun" unveiled
PU
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Analyst Recommendations on SAIC MOTOR CORPORATION LIMITED
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Financials
Sales 2021 792 B 124 B 124 B
Net income 2021 25 873 M 4 045 M 4 045 M
Net cash 2021 70 139 M 10 965 M 10 965 M
P/E ratio 2021 9,54x
Yield 2021 4,03%
Capitalization 243 B 37 986 M 37 964 M
EV / Sales 2021 0,22x
EV / Sales 2022 0,17x
Nbr of Employees 204 815
Free-Float 22,6%
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Technical analysis trends SAIC MOTOR CORPORATION LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 20,98 CNY
Average target price 24,12 CNY
Spread / Average Target 15,0%
EPS Revisions
Managers and Directors
Xiaoqiu Wang President & Director
Yong Wei Chief Financial Officer & Board Secretary
Hong Chen Chairman
Xiao Su Chen Chairman-Supervisory Board
Si Jie Zu Chief Engineer & Deputy General Manager
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