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    600104   CNE000000TY6

SAIC MOTOR CORPORATION LIMITED

(600104)
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SAIC Motor : GM's China venture to recall 1.44 million cars over engine issue

07/16/2021 | 12:44am EDT
FILE PHOTO: Wuling logo is seen on an electric vehicle at a SAIC-GM-Wuling dealership in Beijing

BEIJING (Reuters) - SAIC-GM-Wuling, General Motors Co's China joint venture with SAIC Motor and a smaller company, will recall 1.44 million cars under Wuling and Baojun brands in China due to an engine component issue, China's market regulator said.

The Liuzhou-based joint venture also sells Wuling Hong Guang MINI EV, the top-selling electric vehicle in the world's biggest car market.

A representative for the venture did not immediately respond to a request for comment.

(Reporting by Yilei Sun and Tony Munroe; Editing by Christopher Cushing)


ę Reuters 2021
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Analyst Recommendations on SAIC MOTOR CORPORATION LIMITED
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Financials
Sales 2021 793 B 123 B 123 B
Net income 2021 25 917 M 4 012 M 4 012 M
Net cash 2021 76 645 M 11 865 M 11 865 M
P/E ratio 2021 9,02x
Yield 2021 4,23%
Capitalization 232 B 35 878 M 35 874 M
EV / Sales 2021 0,20x
EV / Sales 2022 0,15x
Nbr of Employees 204 815
Free-Float 22,6%
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Number of Analysts 26
Last Close Price 20,02 CNY
Average target price 24,13 CNY
Spread / Average Target 20,6%
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Managers and Directors
Xiaoqiu Wang President & Director
Yong Wei Chief Financial Officer & Board Secretary
Hong Chen Chairman
Xiao Su Chen Chairman-Supervisory Board
Shi Jie Zu Chief Engineer & Deputy General Manager
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