"SAIC plans to increase production to 6m over five years for greater market share"

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    patpending

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    "SAIC plans to increase production to 6m over five years for greater market share"

    Post by patpending on Mon Nov 21, 2011 4:16 am

    http://www.capitalvue.com/home/CE-news/inset/@10063/post/4380843

    SAIC Motor Corporation (600104) intends to increase its shares in the domestic traditional automobile and new-energy automobile markets over the next five years, reports National Businesses News, citing Hu Maoyuan, chairman of the car maker.

    The reference to MG + Roewe production being currently 3m is incorrect and must refer to total production.

    Also, the MG6 has already been launched in the UK! Doh
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    Re: "SAIC plans to increase production to 6m over five years for greater market share"

    Post by Windy on Mon Nov 21, 2011 5:34 am

    patpending wrote:The reference to MG + Roewe production being currently 3m is incorrect and must refer to total production.

    Also, the MG6 has already been launched in the UK! Doh
    A slight mis-translation of the following, and missing the odd bit:

    Note: "Twelve-Five" must be the 12th five year plan and the $ are yuan.


    SAIC: leading China's automakers _ target 6 million

      "At present China's auto industry has really big, but not yet strong. "A few days ago, Shanghai Automotive (15.14,0.14,0.93%) (600,104. SH) Executive Vice President Chen Zhixin said in an interview with the China business news. In his view, the comparison and stronger car company in the world, Chinese auto companies in terms of core technologies and chassis structures still existing gap.
      "Although the gap is narrowing, but let in 35 years beyond Germany Volkswagen, United States General and Japan Toyota, I think it is highly unlikely, can only be a closer. "Chen Zhixin said. But he believes that in the field of new energy sources, China is an opportunity for automakers, "the next round of competition in the world auto industry must, in this regard. ”
      SAIC President Hu Maoyuan said SAIC's goal is to "Twelve-Five" period separately in the area of conventional cars and new energy vehicle market share with 20%, that is, if the Chinese market in 2015 and achieving sales of 30 million units, SAIC will sell at least 6 million cars. SAIC brand sales 700,000 targets to be achieved, comprehensive coverage of the mainstream market segment, making SAIC brand a brand.
      6 million sales target
      This year SAIC announced the "Twelve-Five" in the planning, targeted directly at 6 million units, not only leading the other three major groups of 5 million sales target, making its capacity in 2010 based on double, lifted from the current 3 million to 6 million cars a year.
      At present, the SAIC brand roewe and MG dual-brand strategy, already owns the roewe 750, roewe series and 350, as well as this year's first SUV car roewe W5 and roewe 750 Hybrid's first hybrid models, and in 2012, roewe has also listed the roewe 550 strong mixing plug-in cars. MG series products has been enriched, in addition to listing the MG3 and MG6, expected next year, MG5 will generally available.
      Also worth noting is that SAIC "Twelve-Five" in the planning, also as an important direction of development of international business. SAIC plans in addition to its own brand passenger cars and commercial vehicle exports, it will also work with universal to develop international markets, access including India as well as more international markets. At present, mg in the United Kingdom has also started production of the factory, SAIC United Kingdom dealers is the MG6 early promotion. Shanghai Yuejin brand in the commercial vehicle sector, brand Iveco sales in key markets worldwide.
      Chen Zhixin said that with the Chinese automobile market this year entered a period of adjustment, Shanghai Automotive by optimizing product structure, to launch its first SUV model new 550 and roewe W5 won the steady development of SAIC brand sales this year are expected at around 170,000 units.
      According to the 2011 1 ~ June, SAIC, the accumulated gross revenue of 281.284 billion yuan, up 22.71% over the same period; enabling attributable to the owners of the parent company's net profit of 13.292 billion yuan, up 38.69% over the same period, continues to lead the domestic car companies.
      8 billion bet new energy (4.16,-0.06,-1.42%)
      As Chen Zhixin said, China's auto industry in the area of conventional cars to achieve beyond difficult, but in the field of new energy vehicles, China National automotive industry still has a chance.
      Chen Zhixin, told reporters before that SAIC in the field of new energy vehicles to invest $ 2 billion, and the "Twelve-Five" will also continue to invest $ 6 billion.
      At present, although the State of the energy-saving and new energy vehicles industrial development plan has not yet been introduced, but new energy vehicles are gradually entered volume production of the prelude.
      However, because new energy vehicles prices much higher than ordinary passenger cars, and hybrid electric vehicles do not enjoy State subsidies for new energy vehicles of $ 60,000, can only enjoy the $ 3,000 subsidy of Huimin products, energy-saving projects. So, which is the biggest challenges facing the development of new energy vehicles.
      High prices for new energy vehicles: current bottlenecks, Shanghai motor vehicles new energy business unit General Manager Gan Pin told reporters that the new energy strategy is a long-term strategy for SAIC, will not consider making money at the beginning, will rely on State subsidies and group first cultivate the market. But SAIC will also control costs in two ways, laying for future profits.
      -Frequency representation, first of all is to cultivate the market can be quantified on the basis of, to quantify the sales per year, roewe 750 hybrid sales target this year is 500 vehicles, next year's target is 3,000 units.
      In addition, SAIC in the field of new energy vehicles will also purchase parts of transnational corporations, for example, companies such as Bosch, however, SAIC, while purchases will require these enterprises will be home-made parts, is to support and nurture domestic suppliers, to achieve the purpose of reducing procurement costs
    Source: http://finance.sina.com.cn/roll/20111121/013710849023.shtml
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    Re: "SAIC plans to increase production to 6m over five years for greater market share"

    Post by patpending on Mon Nov 21, 2011 8:31 am

    Makes more sense.

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