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SAIC’s New Passenger Vehicle Base Settled in Ningde, Fujian with Its Own Brand and New Energy Vehicles Will Radiate Southeast Coast and Southeast Asian Market

SAIC’s New Passenger Vehicle Base Settled in Ningde, Fujian with Its Own Brand and New Energy Vehicles Will Radiate Southeast Coast and Southeast Asian Market

(April 28, 2018, Shanghai) Today, SAIC Motor Corporation Limited (hereinafter referred to as SAIC Motor) announced the official start of the construction of the Passenger Vehicle Ningde Base Project. Relying on the policy advantages and location advantages of Fujian Province and Ningde City and supporting advantages of new energy batteries, SAIC Motor will accelerate the development of new energy vehicles, improve the layout of independent brand production capacity, and build the “traffic main road” of connecting Southeast Coast and the Southeast Asian market. It is worth mentioning that on April 27, SAIC Motor and Shanghai Tobacco donated a number of SAIC Datong V80 monitoring ambulances to Ningde medical institutions. SAIC Motor has begun to actively participate in local public welfare undertakings and effectively practice corporate social responsibility.

This would be the fourth complete vehicle base for SAIC Motor’s own brand passenger vehicles. According to the plan, the Ningde Base covers an area of about 2,200 mu with a total investment of about 5 billion yuan. Brand products of Roewe and MG will be officially put into operation in 2019. With the vehicle project as the platform, SAIC Motor will continue to deepen cooperation, drive the simultaneous construction of local parts, logistics, and other industries and expand the development space of modern service industries such as finance and post-market.

SAIC’s New Passenger Vehicle Base Settled in Ningde, Fujian with Its Own Brand and New Energy Vehicles Will Radiate Southeast Coast and Southeast Asian Market

As the biggest complete vehicle group with the largest production and sales scale in China, SAIC Motor has continued to accelerate independent innovation and continuously improve the quality of development in recent years. In 2017, SAIC Motor achieved the sales volume of 6.93 million complete vehicles. Among them, the sales growth of self-owned brand passenger vehicles Roewe and MG exceeded 60%; the sales volume of new energy vehicles exceeded 150%. At the same time, SAIC Motor has always adhered to the concept of basing itself upon Shanghai and serving the whole country, and continuously improved the domestic industrial layout. At present, SAIC Motor has established complete vehicle production bases in Shenyang, Yantai, Qingdao, Yangzhou, Nanjing, Wuxi, Shanghai, Ningbo, Zhengzhou, Wuhan, Changsha, Liuzhou, Chongqing and Urumqi; at abroad, it successfully established complete vehicle production bases in Thailand, Indonesia and India. Today, Ningde, Fujian was officially incorporated in the “layout” of the SAIC Motor Base Plan.

Fujian Province has beautiful scenery and outstanding people. Since ancient times, it has been an important port and trade distribution center of China’s Maritime Silk Road. Located in the northeast coast of Fujian Province, Ningde City has a world-class natural deep-water port Sandu Gulf; as a global leader in power batteries, Ningde’s local leading enterprise CATL has abundant capacity supporting resources for new energy battery. At present, Fujian Province has been making every effort to build a new Fujian with “active mechanism, optimized industry, rich people, and good ecology”, proposed a strategic plan to “build a strong province for new energy vehicles” and actively created a good business environment.

Looking forward to the future, SAIC Motor will continue to adhere to independent innovation, green development and open cooperation, fully revitalize and strengthen the real economy, and constantly push the Chinese auto industry to become “strong” and “updated”. At the same time, SAIC Motor will also strive to create a “new business card” for the high-quality development of Fujian, and actively make greater contributions to the local economic and social benefits.