SAIC Motor is venturing into ride-hailing market

Tinuku - SAIC Motor, a Chinese state-owned automotive manufacturer, is venturing into the ride-hailing market, according to Zhou Langhui, vice president of the group. Relevant information will be disclosed to the public in October, Zhou said, adding this is part of the A-share company’s effort to promote its innovation strategy.

The company will not only focus on the scale of production and sales, but also strengthen the innovation capacity and introduce new businesses.

Tinuku SAIC Motor is venturing into ride-hailing market

Zhou also mentioned that in recent years, sales of their new energy vehicles continue to double in growth, while the core technology earned second prize for national scientific and technological progress.

Sales of its “Internet car,” which runs software developed by Alibaba’s YunOS division, has exceeded 700,000 units. Overseas vehicle sales also continue to rank first in the industry.

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