SAIC joins league of global automakers with US$43bn investment in next-gen mobility, observes GlobalData

SAIC joins league of global automakers with US$43bn investment in next-gen mobility, observes GlobalData

15.03.2022: Following the news that Chinese automaker SAIC Motor plans to invest US$43bn in advanced technologies through 2025; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view:

Following the news that Chinese automaker SAIC Motor plans to invest US$43bn in advanced technologies through 2025;



Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The move comes as a major encouraging development for the state-owned Chinese auto giant that will elevate its next-gen mobility business i.e., connected, autonomous, shared and electric mobility (CASE) in medium-to-long-term.



With this, SAIC now joins the league of global OEMs including Volkswagen (VW), Toyota, Ford, Daimler, General Motors (GM) and Stellantis, which have announced major multi-billion-dollar investments in new energy vehicles, connected cars and autonomous vehicles over the span of next five to 10 years. The investment will catalyze the company’s growth in the Chinese as well as the global electric and autonomous vehicle market.


“SAIC Group has already made significant investments and strategic partnerships in next-gen mobility with a focus on China. It has EV partnerships with VW, GM and Chinese tech giant Alibaba. Its brand MG Motors and ROEWE are emerging as ‘EV face’ for the group. The company had already hinted to have nearly 100 xEV models in its portfolio by 2025.




“SAIC Group, which is the largest selling group in China after VW presently, is IC Engine dominant with gasoline and diesel fuel type holding 80% of the total production, as per GlobalData’s Light Vehicle Powertrain Forecast data. With the plans under the announced investment till 2025, SAIC Group aims to reach annual xEV sales of 2.7 million units and a total global sale of 6 million units under SAIC and partner groups by 2025.



“Apart from the EV ambition, the company aims to mass-produce Level 4 autonomous vehicles and become achieve leadership in China. SAIC has already launched its level 4 self-driving robotaxi in Shanghai a few months back and is one of the leaders in the nascent but crowded self-driving business in China. No doubt that China holds significant opportunity in the scalability of the self-driving business but bold commitment to mass-produce AVs will be challenging for the company.



“Embarking presence in the next-gen technologies is now a ‘must have’ for the traditional auto OEMs to secure their positions in the future auto industry which will be dominated by technology. SAIC is heading in the same direction to secure its future, particularly in China – the world’s largest automotive market.”   




GlobalData also logo

Permanent-URL: http://www.automobilsport.com/saic-league-global-automakers-investment-nextgen-mobility-globaldata---235146.html

15.03.2022 / MaP

More News

BMW Group acquires the ALPINA brand - Expanding the portfolio
10.03.2022
- Pieter Nota: “Top-quality car cachet” - Long-term future of ALPINA brand secured - Andreas Bovensiepen: “This marks the beginning of a new chapter for ALPINA and BOVENSIEPEN” - Existing cooperation agreement expires at end of 2025 - New direction at Buchloe site more >>
BMW Group Investing More Than $200 Million to Add New Press Shop at South Carolina Plant
03.03.2022
- Press Shop Will Add More Than 200 Jobs - Three-Year Construction Project Will Start Production in 2024   BMW Group will invest more than $200 million to construct a 219,000 square foot press shop at its South Caro more >>
Supply Issues and Winter Storm Landon Constrain American Honda February Sales Momentum
01.03.2022
    Multiple supply issues and Winter Storm Landon disrupt progress in improving vehicle inventory       Customer demand remains strong with nearly 60% of vehicles en route to dealers pre-sold more >>
Authentic Brands Group Finalizes the Acquisition of Reebok
01.03.2022
Authentic Brands Group (ABG) today announced that it has completed the acquisition of Reebok from adidas. As it ushers in its largest acquisition to date, the global brand development, marketing and entertainment company is charting a new path for Reebok.&ldquo more >>
Laurent David is appointed Senior Vice President, Controller, Renault Group
28.02.2022
As of March 1, 2022, Laurent David, currently Chief Financial Officer for Dacia and Lada brands, has been appointed Senior Vice President, Controller, Renault Group. He becomes a member of Renault Group Corporate Management Committee and will report to Thierry Piéton, Chief Financial Officer, Renault Group. more >>
Stellantis Employees Benefit from Company’s 2021 First Full Year Financial Results
24.02.2022
    In all countries where Stellantis is present, employees1 benefit from the Company’s results in first year     €1.9 billion redistributed, €770 million more than the cumulative amount redistributed last year by each of the previous legacy companies, representing 70% increase   more >>
Stellantis Full Year 2021 Results
24.02.2022
Stellantis Posts Record Results in its First Year with 11.8% AOI Margin(1)(2) and €13.4 Billion Net Profit(1), on a Pro Forma basis    Net revenues (1) of €152 billion, up 14%    Adjusted operating more >>
Renault Group exceeds its 2021 targets and accelerates its Renaulution strategy
19.02.2022
    2021 financial outlook largely exceeded:        2021 operating margin: 3.6% (vs. operating margin outlook of the same order as H1 2021 ie 2.8%) reaching, 2 years ahead of schedule, the Renaulution objective of an operating margin above 3% in 2023      &n more >>
Goodyear to participate in Wolfe Research Virtual Investor Conference
19.02.2022
The Goodyear Tire & Rubber Company said it will participate in a fireside chat during Wolfe Research’s 2022 Global Auto, Auto Tech and Mobility Conference on Feb. 24, 2022, at 3:50 p.m. EST. Rod Lache, managing director at Wolfe Resea more >>
Thierry Piéton appointed Chief Financial Officer of Renault Group
19.02.2022
As of March 1st, 2022, Thierry Piéton, currently Deputy Chief Financial Officer and Controller, is appointed Chief Financial Officer of Renault Group. He becomes a member of the Board of Management (BOM) of Renault Group and will report to Luca de Meo, CEO of Renault Group. more >>
Audi achieves milestone - New production site for electric models in China
17.02.2022
   Planning and approval stage completed: Construction on new e-car plant in Changchun to begin; completion by the end of 2024        CEO Markus Duesmann: “Central role in the Four Rings’ electrification strategy in China”        Production of PPE-based electric cars f more >>
Goodyear reports fourth quarter, full-year 2021 results
12.02.2022
Net sales growth of 38% compared with the fourth quarter of 2020, 12% growth excluding the Cooper Tire transactionFourth quarter Goodyear net income of $553 million; adjusted net income of $162 millionMerger-adjusted segment operating income of $398 million, up 32% compared to the fourth quarter of 2020Continu more >>
Goodyear to participate in virtual fireside chat hosted by Deutsche Bank
12.02.2022
The Goodyear Tire & Rubber Company said today it will participate in a fireside chat hosted by Deutsche Bank on Feb. 14, 2022, at 2 p.m. EST.Emmanuel Rosner will host Darren R. Wells, executive vice president and chief financial officer, in a post-earnings vir more >>
Porsche acquires stake in Fazua and plans joint ventures with Ponooc
10.02.2022
Sports car manufacturer expands involvement in e-bike marketPorsche is further expanding its involvement in the rapidly growing market for e-bikes. The Stuttgart based sports car manufacturer acquires a stake in Fazua, an innovative manufacturer of e-bike drive sy more >>
Kia announces January 2022 global sales results
05.02.2022
    January global sales at 212,819 units, down 5.7% y/y    Sales in Korea recorded 37,038 units, down 10.7% y/y    Sales outside of Korea recorded 175,781 units, down 4.6% y/y    Kia to accelerate transition to sustainable mobility solutions provider and create sales more >>
Porsche further expands online vehicle sales
03.02.2022
94 per cent of global dealers with digital marketplaceYet another e-commerce milestone for Porsche: the number of markets offering online vehicle searches has recently hit 100 around the globe – and in 26 of these, cars can be ordered online too. In Canada, Porsche's own vehicle search was even introduced as the exclusive marketing platform for new more >>
Automobilist obtains further investment from entrepreneur Karel Komarek
02.02.2022
The automotive and motorsport hub start-up sees Komárek's share increase to 50%Entrepreneur Karel Komárek has increased his share in the company Automobilist, and now holds a 50% share. This company is a renowned creator of automotive and motor more >>
Executive Personnel Change: Stefanie Wurst succeeds Bernd Körber as Head of MINI
01.02.2022
As of February 1st 2022, Stefanie Wurst takes over the management of the MINI brand. Her predecessor Bernd Körber will now head BMW Product Management and the Connected Company. Strategic further development of the British premium brand with a focus on new markets and target groups as well as electromobility and digitalization will be consistently continued.  more >>
Record Low Inventory Stifles American Honda Sales Results in January
01.02.2022
    Anticipate inventory to improve as February progresses, but supply situation remains fluid    HR-V and Passport top Honda SUVs with new January sales records; 12th consecutive monthly mark for HR-V    Acura SUVs top 4,400 units in January; strong pre-sale interest in MDX limited only by supply more >>
Renault Nissan Mitsubishi alliance to strengthen EV position with new investments in APAC, observes GlobalData
28.01.2022
Renault-Nissan-Mitsubishi alliance is set to increase investments in electric vehicles (EVs) and launch 30 BEVs by 2030 across five common platforms. The investments in shared platforms and standardization of batteries across models will help the three brands to achieve economies of scale and enhance their competitive position in the global EV market. This allian more >>
Heinz-Jürgen Löw appointed SVP Renault Brand LCV
25.01.2022
Renault announces the arrival of Heinz-Jürgen Löw as Senior Vice-President, Renault Brand Light Commercial Vehicle, as of February 2022. He is a member of Renault Brand Management Co more >>
Stellantis Completes Investment Round in Factorial, Further Accelerating Electrification Push
21.01.2022
    Investment is part of Joint Development Agreement announced in November 2021, together with other investors    Funding will help scale global commercialization of Factorial’s solid-state battery technology that is robust and offers greater driving range than today’s lithium-ion technology more >>
Stellantis invest in Stimcar to support its development, strengthening circular economy initiatives
21.01.2022
  -    Stellantis takes a majority of Stimcar’s capital, via Stellantis &You, Sales and Services-    Trust to founders, management autonomy and continuity of service-    Stellantis &You, Sa more >>
In 2021 BMW Motorrad achieves the best sales result in its history with an increase of 14.8 percent.
20.01.2022
194.261 BMW motorcycles and scooters were delivered to customers worldwide.BMW Motorrad finished the year with a record sales result despite major challenges. With 194,261 units (+14.8%), 2021 was the best year since BMW Motorrad was founded (previous yea more >>
Opel Increases Market Share in Western Europe in 2021
19.01.2022
    Strong overall performance in home market of Germany    Opel Corsa best-selling small car in Germany    Vauxhall Corsa best-selling car in UK, Vauxhall number one e-LCV brand more >>
Alpine on the rise in 2021
18.01.2022
    In the first year after announcing the Renaulution strategic plan, Alpine announced very strong growth in sales volume: +74%, with 2659 units sold in 2021.    In France, Alpine recorded a boost in sales of over 117%.    Alpine continues to develop internationally, with almost half of sales coming more >>
Renault takes up the challenge of electrification and higher value business
18.01.2022
    Renault delivers its rapid shift in the electrified market and strengthens its position in Europe. The E-Tech (EV and hybrid* powertrains) range represents 30% of Renault passenger cars sales in Europe in 2021 (vs 17% in 2020).        In Europe, Renault is 3rd brand in the EV PC market, and ZOE ranks 2nd model. more >>
Dacia accelerates into the top three of 2021 European retail sales for the first time ever
18.01.2022
    DACIA grew by 3% in 2021, with sales reaching 537,095, in a market tainted by the pandemic and the electronic component crisis    The brand experienced strong growth in the passenger car market for private customers where it reached a record-breaking market share of 6.2%, resulting in DACIA placing in the top three of European re more >>
Appointment of Mr. Mike Wetherell as Regional CEO of BMW Group, Financial Services for Asia Pacific
17.01.2022
The BMW Group has appointed Mr. Mike Wetherell as the Regional Chief Executive Officer of Financial Services for its Asia Pacific operations effective 1 January 2022. Mr. Wetherell is based in Singapore and replaces Ms. more >>
Sales figures for the MINI Electric almost doubled
17.01.2022
- MINI brand sales up 3.3 percent in 2021.British premium brand records 302 144 new registrations worldwide and a huge electric boom. Fully electric MINI Cooper SE becomes the best-selling model variant. Almost every fourth MINI Countryman hit the road with a p more >>
Toyota Motor Europe sales increase by +8% in 2021 to achieve a record 6.4% market share
13.01.2022
·    TME’s vehicle sales of 1,076,300 (Jan-Dec 2021) up +8%, reflected strong customer demand,  outperforming a stable market up +1% year-on-year·    The Toyota more >>
Lexus consolidates sales and market share in Europe in 2021
13.01.2022
    Lexus Europe* sold 72,441 vehicles in 2021, up 2% vs. 2020, consolidating a record share of 2.3% in the premium market    Electrified vehicles accounted for 96% of the brand’s sales in Western Europe* in the past year    Lexus’ first battery-electric model, the UX 300e, achieved 3,000 more >>
Audi accelerates transformation with a strong 2021 for fully electric vehicles
11.01.2022
   Consistently following the electric roadmap: deliveries of fully electric models increased by 57.5 percent        Despite a worldwide semiconductor shortage, total volume of the Audi brand approached the previous year’s level with 1.68 million vehicles, grew in the US and other key markets      more >>
SEAT S.A. closes 2021 with sales up 10.3%
11.01.2022
... but falls short of pre-pandemic levels due to semiconductor crisis    CUPRA tripled sales, driven by success of the Formentor, reaching almost 80,000 cars    Sales of electrified vehicles increased fourfold, more >>
Rolls-Royce Motor Cars reports record annual results for 2021
10.01.2022
In 2021, Rolls-Royce Motor Cars delivered the highest-ever annual sales results in the marque's 117-year history. The company delivered 5,586 motor cars to clients around the world, up 49% on the same period in 2020. This overall figure includes all-time record sales in most regions, including Greater China, the Americas and Asia-Pacific, and in multiple countries across the globe. more >>
Mercedes-Benz sees strong demand as high-end and electrified vehicle sales surge
08.01.2022
    Mercedes-Benz Cars and Vans delivered over 2.4 million units in 2021, despite semiconductor supply chain bottlenecks    Mercedes-Benz Cars Q4 deliveries at 475,968 (-24.7%) in line with company forecast    New sales records for xEVs and high-end vehicles (Maybach, AMG, G-Class) underline strategic more >>
Hyundai Records Largest Ever UK Car Market Share in 2021
08.01.2022
    Hyundai delivers 4.2% car market share throughout 2021, its largest ever    Year-on-year sales jump by 47%, boosted by new model introductions    Over 12,500 EVs sold in 2021, the fourth largest number of any manufacturer more >>
Lotus global retail sales up 24% in best performance for a decade
08.01.2022
    Worldwide sales of 1,710 new cars in 2021, up from 1,378 in 2020    Increase of 24% as customers snap up final versions of Lotus Elise, Exige and EvoraLotus has revealed its best annual global re more >>
Volvo Cars records full-year sales growth, sales of electrified cars grew more than 60%
07.01.2022
Volvo Cars’ global sales grew by 5.6 per cent to 698,693 cars in the full year 2021, demonstrating resilience in the face of persistent supply constraints.The results also demonstrated the continued popularity of Volvo Cars’ Recharge line-up more >>
2001-2022 copyright automobilsport.com