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

SAIC MOTOR CORPORATION LIMITED

(600104)
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Volkswagen, Chinese ventures to invest 15 billion euros in electric vehicles

09/28/2020 | 04:30am EST
International Frankfurt Autoshow IAA in Frankfurt

Volkswagen AG said on Monday it and three local joint ventures plan to invest around 15 billion euros ($17.44 billion) in electric mobility in China, the world's biggest car market, between 2020 and 2024.

With the investment by Volkswagen and its three joint ventures with FAW Group [SASACJ.UL], SAIC Motor and JAC, the German automaker will build 15 different battery electric or plug-in hybrid models in China by 2025.

The Wolfsburg-based auto maker will start making electric vehicles based on its MEB architecture at two Chinese factories from October. It will source EV batteries from CATL, Guoxuan and A123.

(Reporting by Yilei Sun and Brenda Goh; Editing by Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANHUI JIANGHUAI AUTOMOBILE GROUP CORP.,LTD. 10.02% 10.65 End-of-day quote.112.15%
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 0.94% 245.99 End-of-day quote.131.19%
GUOXUAN HIGH-TECH CO., LTD. -0.77% 28.29 End-of-day quote.94.43%
SAIC MOTOR CORPORATION LIMITED -0.35% 25.62 End-of-day quote.7.42%
VOLKSWAGEN AG -0.74% 144.88 Delayed Quote.-17.11%
All news about SAIC MOTOR CORPORATION LIMITED
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11/13Tiny GM Car Zips Past Tesla To Lead China's Electric Vehicle Market
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11/05EXCLUSIVE : GM thinks bigger in China with plan to import full-size SUVs
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11/04SAIC MOTOR : reports better performance in Q3
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11/03Volkswagen takes on Tesla with first ID.4 electric models in China
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11/02Alibaba-backed autonomous car firm AutoX to test in four more cities
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More news
Financials
Sales 2020 757 B 116 B 116 B
Net income 2020 23 347 M 3 574 M 3 574 M
Net cash 2020 43 539 M 6 665 M 6 665 M
P/E ratio 2020 12,8x
Yield 2020 3,38%
Capitalization 298 B 45 479 M 45 548 M
EV / Sales 2020 0,34x
EV / Sales 2021 0,28x
Nbr of Employees 216 360
Free-Float 22,3%
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Technical analysis trends SAIC MOTOR CORPORATION LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 26,32 CNY
Last Close Price 25,62 CNY
Spread / Highest target 40,5%
Spread / Average Target 2,73%
Spread / Lowest Target -40,0%
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
Sector and Competitors
1st jan.Capitalization (M$)
SAIC MOTOR CORPORATION LIMITED7.42%45 479
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GUANGZHOU AUTOMOBILE GROUP CO., LTD.-16.49%17 872