A few days ago, SAIC Motor officially announced its overall listing plan, under which Shanghai Automotive, Shanghai Volkswagen, SAIC Motor itself, and South Korea's Ssangyong, among others, with a total value of 19 billion yuan, have been injected into GSAIC (600104). This marks SAIC's successful overall listing, making it the second major automotive group in China to achieve such a milestone after Dongfeng.
As part of the restructuring, SAIC will issue 3.275 billion new shares to its parent company, add 15 non-core parts and components companies, and acquire assets from 16 companies within the SAIC group. This consolidation is expected to significantly boost SAIC Motor's market capitalization, positioning it as the largest automobile stock in terms of value.
This move not only strengthens SAIC's competitive edge in the domestic and international markets but also reflects the broader trend of integration and optimization within China's automotive industry. With this strategic expansion, SAIC is well-positioned to lead in the evolving landscape of electric vehicles and smart mobility solutions.
For more insights on SAIC's commercial vehicle growth and future plans, stay tuned for further updates.
Portable Ev Charger
The 7KW (3.5KW) portable EV charger is a smaller off-grid home charger with adjustable current 16A, 20A, 24A, 32A (8A, 10A, 13A, 16A) and it can output up to 7KW (3.5KW). It can be used stationary or portable. Please be sure to carefully confirm product specifications and applicability.
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Guangdong Qingyuan Electric Co., Ltd. , https://www.qycharge.com