Market Chatter: SAIC Motor, Huawei Partner to Launch Budget EV Brand

MT Newswires Live

Feb 18, 2025

Automobile giant SAIC Motor (SHA:600104) partnered with tech giant Huawei Technologies to roll out budget-friendly electric vehicle brand Shangjie, YiCai Global reported Monday.

The brand will be distributed under the Harmony Intelligent Mobility Alliance, with the first model, ES39, expected to hit the market in the fourth quarter, according to the report.

Industry insiders said this move will strengthen SAIC's position in the EV market and expand Huawei's reach in the mainstream segment, YiCai Global wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0188","symbol_name":"融资融券","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2512186297","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512186297","pubTimestamp":1739857740,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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