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SAIC Motor to Invest Over $1B in New Energy Smart Cars
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SAIC Motor to Invest Over $1B in New Energy Smart Cars

May 11, 2022
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SAIC Motor to Invest Over $1B in New Energy Smart Cars
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(Source: SAIC)

Chinese state-owned automobile manufacturing company SAIC Motor announced on Monday that in order to deepen its layout in the field of new energy and intelligent and connected vehicles, it plans to subscribe an additional capital contribution of 7.5 billion yuan ($1.12 billion) to the Qingdao SAIC Innovation and Upgrading Industry Equity I…

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