SAIC
JSW MG Motor sales up 40 pc in May
JSW MG Motor India on Sunday reported a 40 per cent year-on-year increase in vehicles dispatches to dealers at 6,304 units.
This $7,000 single-seat electric car is a big hit in Japan
KG Motors, a Japanese startup, plans to revolutionise the EV market. They are developing a small, affordable one-seater car. The 'mibot' aims to tackle Japan's narrow streets and aging population issues. Pre-sales are strong, surpassing Toyota's EV sales in Japan. The company focuses on rural areas with limited public transport. The mibot is expected to be available from October.
Tesla's monthly sale in Europe plummets as Model Y fails to revive sales, stock under pressure
Tesla stock is under fresh pressure after its European sales plunged by 49% in April 2025, even as overall EV demand rose. According to ACEA data, Tesla sold just 7,261 vehicles across 32 European countries, down from 14,228 a year earlier. This dramatic drop raises big questions about Elon Musk’s impact, rising Chinese EV competition, and outdated Tesla models. With protests, factory shutdowns, and supply issues adding to the problem, the full story reveals why investors and EV buyers alike are watching closely. Dive in to understand what this means for Tesla's future in Europe.
Is Elon Musk now a liability for Tesla? Data reveals shocking picture for luxury automaker
Tesla's prior success did become a synonymous with Elon Musk. However, the billionaire's association with Donald Trump administration has not gone down well with a section of market.
Beijing’s Pakistan stand deepens India-China divide, clouding Haier and PLI-linked JV deals
Indian firms anticipate stricter regulations for partnerships with Chinese companies due to China's support for Pakistan. This situation casts doubt on pending deals, including Haier's stake sale in its Indian operations. Government officials suggest Chinese entities will only be allowed small stakes in JVs under the PLI scheme for critical components, potentially impacting investment plans.
PPS Motors Launches MG Windsor PRO in Hyderabad
JSW MG Motor India launched the MG Windsor PRO in Hyderabad, featuring a new 52.9 kWh battery, enhanced safety with ADAS L2, and Vehicle2Load/Vehicle2Vehicle tech. Priced at INR 17,49,800 for the first 8,000 bookings, it aims to boost EV adoption.
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Tesla’s China troubles deepen as GigaShanghai sales slump for 7th month straight, hitting lowest levels since COVID lockdowns
Tesla faces challenges in the Chinese market. Sales in China declined in April, marking the seventh consecutive monthly drop. Competition from local brands like BYD, Geely, and SAIC-GM-Wuling is intensifying. Tesla is now fourth in China's New Energy Vehicle production. The company is rumoured to be developing new, more affordable models for the Chinese market.
JSW MG Motors sets in motion up to $350 million fund raise from PE investors
JSW MG Motor India plans to secure $300-350 million for expansion. The funds will support new models and increased capacity. This follows a financial turnaround and the success of the Windsor EV. JSW MG aims for EVs to constitute 65% of sales by 2025. The company will introduce five new models this year.
Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute
Mercedes-Benz CEO Ola Kallenius is urging the EU to find a fair solution regarding tariffs on Chinese-made EVs, cautioning against using tariffs as the primary tool. He emphasizes the importance of open competition for innovation, as the EU and China discuss potential price commitments to resolve the trade dispute.
Volkswagen to exit Xinjiang operation with sales of local plant, test track: Sources
Volkswagen is leaving its Xinjiang plant. The plant will be sold to Shanghai Motor Vehicle Inspection Certification. Volkswagen's partnership with SAIC will extend to 2040. The joint venture will release 18 new models by 2030. Volkswagen will have no presence in Xinjiang after the sale. The deal includes test tracks in Turpan and Shanghai.
Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports
Volkswagen and its Chinese partner SAIC plan to close at least one plant in China due to slow demand for combustion engine cars. The Nanjing plant, producing VW Passat and Skoda cars, is the first threatened with closure. Volkswagen is working with partners like Xpeng to introduce more competitive models in the market.
JSW MG Motor names 1st electric CUV as MG Windsor
JSW MG Motor India has announced that its first electric CUV (Crossover Utility Vehicle) will be named the MG Windsor. This follows a joint venture agreement with SAIC Motor to boost MG Motor's growth in India.
China's SAIC Motor files defence to EU's preliminary EV anti-subsidy ruling
SAIC Motor defended itself against the EU's ruling, stating the EV probe involved commercially sensitive information beyond the normal scope. The European Commission had imposed up to 37.6% tariffs in July, ignoring critical information and inflating subsidy rates for many projects. SAIC, being the most affected, filed to safeguard its legitimate rights amid claims the investigation exceeded standard boundaries.
SAIC's MG Motor India plans to bring in Indian investors including JSW
SAIC Motor's MG Motor India to attract investors for market expansion and risk prevention. JSW Ventures, IndoEdge India Fund, dealer trust, and employee stock plan to aid growth in India's auto sector.
JSW, SAIC ink JV to run MG Motor operations in India
"Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions," the JSW Group's Parth Jindal said in a media release. The announcement comes amid increased scrutiny by the Indian government on investments made by China amid border tensions.
JSW, China's SAIC form new India venture for green mobility
SAIC already has a presence in India through its fully owned unit MG Motor India but has struggled to grow its presence in the country after Chinese investments faced increased scrutiny from New Delhi. JSW will take a 35% stake in the new Indian joint venture, the companies said.
JSW Group to acquire 35% stake in MG Motor India
As per the agreement reached between the two companies, JSW Group will acquire 35% stake in SAIC’s Indian subsidiary MG Motor India for an undisclosed amount. The Chinese auto major will continue supporting the joint venture with advanced technology and products to deliver mobility solutions to the Indian consumer.
Sajjan Jindal, SAIC set to drive MG Motor in India, finalises terms of agreement
Sajjan Jindal's private company to take up to 35% stake initially with option to go up to 49% and then 51% post IPO; Chinese ownership to fall below 40%.
Chinese automaker SAIC looks at local co-drivers to navigate India market
The company didn't comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy a stake of as much as 48% in MG Motor India.
MG Motor India plans to raise $500 m locally in capex push
The maker of the Hector and Astor SUVs is seeking to tap the local market because of a delay in getting government approval for new investment from the Chinese parent. MG Motor India has already initiated talks with private equity investors, several people in the know told ET.
MG Motor rolls out first SUV Hector from Halol in Gujarat
The MG Motor India, which is a wholly-owned subsidiary of China's SAIC Motor Corp, is set to kick off its journey in the country with the launch of Hector in June.
General Motors India-SAIC deal gets Competition Commission's nod
The Chinese company, which has been planning to enter the Indian market, has proposed to buy certain assets of GM's India's Halol plant in Gujarat.
Jack Ma offers China’s answer to Apple, Google with web car
Billionaire Jack Ma is taking the challenge to Apple Inc. and Google by pushing Alibaba Group Holding Ltd. into the car business.
Do not obstruct probe: China regulator tells Microsoft
Investigators from the SAIC said that the company must abide by Chinese law, and shall not interfere with the investigation "in any way".
Microsoft says it has not violated law
China announced it would ban government use of Windows 8, Microsoft's latest operating system mostly due to suspicions about cloud technology.
China's SAIC buys stake in General Motors
General Motors on Thursday confirmed China's leading automaker SAIC Motor Corp had agreed to buy a stake in the US auto giant, as it prepared for one of the largest stock offerings in history.
SAIC to fund own-brand vehicles
SAIC Motor Corp, China's top automaker, said on Thursday it will raise up to 10 billion yuan ($1.5 billion) through a share placement largely to shore up its own-brand cars and commercial vehicles to help secure its leading position in the world's largest auto market.
Ssangyong may produce SUV in China in H2
Ssangyong Motor Co <003620.KS> may start production of a sports utility vehicle (SUV) in China in the second half of 2008 as it expects the country to approve a joint venture with its top shareholder SAIC, Ssangyong's president said.
SAIC Motor merger with Nanjing Auto aimed at global markets
The merger of two of China's state-run auto makers comes as its domestic market booms and as the quickly accelerating nation gears up to compete with top global brands, industry officials said.
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