Market Chatter: SAIC Partners with Huawei to Launch Smart EV Brand Amid Sales Slump

MT Newswires Live

Apr 18, 2025

SAIC Motor (SHA:600104) joined forces with Huawei Technologies to develop smart electric vehicles under a new brand, Shangjie, The South China Morning Post Wednesday.

The first model, an SUV priced from 170,000 yuan featuring Huawei's autonomous driving and in-car entertainment systems, will debut this autumn, according to the report.

SAIC, which saw six straight years of declining sales, is betting on Huawei's technology to compete with Tesla and other domestic rivals, the SCMP wrote.

Shares of the carmaker closed 1% lower Friday.

(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. 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":"600104","symbol_name":"上汽集团","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2528034376","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528034376","pubTimestamp":1744964028,"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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