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SAIC MOTOR CORPORATION LIMITED Annual Report 2016
SAIC MOTOR ANNUAL REPORT 2016 Company Code:600104 Abbreviation of Company: SAIC SAIC MOTOR CORPORATION LIMITED Annual Report 2016 Important Note 1. Board of directors (the "Board"), board of supervisors, directors, supervisors and senior management of the Company certify that this report does not contain any false or misleading statements or material omissions and are jointly and severally liable for the authenticity, accuracy and integrity of the content. 2. All directors attended Board meetings. 3. Deloitte Touche Tohmatsu Certified Public Accountants LLP issued standard unqualified audit report for the Company. 4. Mr. Chen Hong, Chairman of the Board, Mr. Wei Yong, the chief financial officer, and Ms. Gu Xiao Qiong. Head of Accounting Department, certify the authenticity, accuracy and integrity of the financial statements contained in the annual report of the current year. 5. Plan of profit distribution or capital reserve capitalization approved by the Board The Company plans to distribute cash dividends of RMB 16.50 (inclusive of tax) per 10 shares, amounting to RMB 19,277,711,252.25 in total based on total shares of 11,683,461,365. The Company has no plan of capitalization of capital reserve this year. The cash dividend distribution for the recent three years accumulates to RMB48,605,718,485.39 in total (including the year of 2016). 6. Risk statement of forward-looking description √Applicable □N/A The forward-looking description on future plan and development strategy in this report does not constitute substantive commitment to investors. Please note the investment risk. 7. Does the situation exist where the controlling shareholders and their related parties occupy the funds of the Company for non-operational use? No. -
2017 Passenger Vehicles Actual and Reported Fuel Consumption: a Gap Analysis
2017 Passenger Vehicles Actual and Reported Fuel Consumption: A Gap Analysis Innovation Center for Energy and Transportation December 2017 1 Acknowledgements We wish to thank the Energy Foundation for providing us with the financial support required for the execution of this report and subsequent research work. We would also like to express our sincere thanks for the valuable advice and recommendations provided by distinguished industry experts and colleagues—Jin Yuefu, Li Mengliang, Guo Qianli,. Meng Qingkuo, Ma Dong, Yang Zifei, Xin Yan and Gong Huiming. Authors Lanzhi Qin, Maya Ben Dror, Hongbo Sun, Liping Kang, Feng An Disclosure The report does not represent the views of its funders nor supporters. The Innovation Center for Energy and Transportation (iCET) Beijing Fortune Plaza Tower A Suite 27H No.7 DongSanHuan Middle Rd., Chaoyang District, Beijing 10020 Phone: 0086.10.6585.7324 Email: [email protected] Website: www.icet.org.cn 2 Glossary of Terms LDV Light Duty Vehicles; Vehicles of M1, M2 and N1 category not exceeding 3,500kg curb-weight. Category M1 Vehicles designed and constructed for the carriage of passengers comprising no more than eight seats in addition to the driver's seat. Category M2 Vehicles designed and constructed for the carriage of passengers, comprising more than eight seats in addition to the driver's seat, and having a maximum mass not exceeding 5 tons. Category N1 Vehicles designed and constructed for the carriage of goods and having a maximum mass not exceeding 3.5 tons. Real-world FC FC values calculated based on BearOil app user data input. -
2021 Half-Year Results
2021 HALF-YEAR RESULTS July 21st, 2021 Laurent Favre, CEO Félicie Burelle, Managing Director Adeline Mickeler, EVP Corporate Finance 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential Key Messages Solid H1 results despite a volatile and fragmented market, impacted by chip shortages Improved operational performance and cash generation allows an upgrade of FY 2021 guidance Acceleration of Group’s transformation towards sustainable mobility led by a renewed Executive Committee 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 2 An increasing impact of chip shortages affecting a regionalized recovery Worldwide automotive production far from its pre-crisis levels H1 2021 chip shortages impact: (in million vehicles) Q1 2021: -1.4m vehicles lost Q2 2021: -2.6m vehicles lost 46 43.6 4445 42.4 42.4 4243 4041 37.9 Q2 production: -9% vs. Q1 production 3839 -11% 3637 3435 3233 3031 29.3 2829 2627 Excluding shortages, significant 2425 2223 2021 discrepancies in the recovery per region 1819 1617 1415 1213 China & North America 1011 89 close to 2019 levels 67 45 23 01 Europe & rest of Asia 2019 2020 2021 still below 2019 levels (-10%) Source: IHS July 2021 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 3 Solid operating performance despite a challenging environment ANTICIPATION AND AGILITY INCREASED OPERATING MARGIN Economic sales PO assumption: Chip shortages 5% discount to 2021 Auto Production impact: -8% -12% Maximum flexibility to face 4,499 (-€550m) stops and starts in production 4,138 H2 2020 H1 2021 Efficient cost reduction programs -
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Sc7038 Control Arm 39021716 Buick/Chevrolet Buick Verano /Flagship Cruze
SC7038 CONTROL ARM 39021716 BUICK/CHEVROLET BUICK VERANO /FLAGSHIP CRUZE SC7039 CONTROL ARM 9063362 BUICK/CHEVROLET CHEVROLET CLASSICS CRUZE 15‐ SC7040 CONTROL ARM 9063363 BUICK/CHEVROLET CHEVROLET CLASSICS CRUZE 15‐ SC7041 CONTROL ARM BUICK/CHEVROLET GL8 17 SC7042 CONTROL ARM BUICK/CHEVROLET GL8 17 SC7043 CONTROL ARM 26252503 BUICK/CHEVROLET GL6 SC7044 CONTROL ARM 26252504 BUICK/CHEVROLET GL6 SC7045 CONTROL ARM 22730775 BUICK/CHEVROLET 16NEW LACROSSE /16MALIBU XL SC7046 CONTROL ARM 22730776 BUICK/CHEVROLET 16NEW LACROSSE /16MALIBU XL SC7047 CONTROL ARM 22924235 BUICK/CHEVROLET 16NEW LACROSSE /16MALIBU XL SC7048 CONTROL ARM 22924236 BUICK/CHEVROLET 16NEW LACROSSE /16MALIBU XL SC7049 CONTROL ARM 26249755 BUICK 18 EXCELLE GT SC7050 CONTROL ARM 26249756 BUICK 18 EXCELLE GT SC7051 CONTROL ARM 88955493 CADILLAC SRX 10‐ SC7052 CONTROL ARM 88955494 CADILLAC SRX 10‐ SC7053SATISFACTION CONTROL ARM 22833483 CADILLAC SRX 10‐ SC7054 CONTROL ARM 22833484 CADILLAC SRX 10‐ SC7055 CONTROL ARMWARRANTY 22905357 CADILLAC XTS SC7056 CONTROL ARM 22905358 CADILLAC XTS SC7057 CONTROL ARM 20759935 CADILLAC ATS/ATS L/NEW CTS 127 SC7058 CONTROL ARM 20759936 CADILLAC ATS/ATS L/NEW CTS SC7059 CONTROL ARM 20759980 CADILLAC ATS/ATS L/NEW CTS SC7060 CONTROL ARM 20759981 CADILLAC ATS/ATS L/NEW CTS SC7061 CONTROL ARM 25752929 CADILLAC CTS 05‐07 SC7062 CONTROL ARM 25752930 CADILLAC CTS 05‐07 SC7063 CONTROL ARM 25758282 CADILLAC CTS 05‐07 SC7064 CONTROL ARM 25758283 CADILLAC CTS 05‐07 SC7065 CONTROL ARM 15219467 CADILLAC CTS 08‐13 SC7066 CONTROL ARM 15219468 CADILLAC CTS -
Development Progress and OEM Perspective of C-V2X in China
Development Progress and OEM Perspective of C-V2X in China Dr. Xiang Dang (ABM) Deputy General Manager Research& Advanced Technology Department SAIC MOTOR 1 C-V2X Development Progress in China 2 OEM’s Perspective on C-V2X 3 Forward Looking C-V2X Mission Recent Activities for C-V2X in China 2018.06 MIIT and SAC (Standardization Administration of the People's Republic of China) co-released the guidelines for the construction of national automotive network industry standards 2018.05 LTE-V2X city pilot project initiating in Wuxi means "5+2" IoV demonstration completes Industrial Concentration and Application Promotion 2018.01 NDRC (National Development and Reform Commission) defined a target of LTE-V2X Network Coverage rate reaching 90% in 2020 2017.12 MIIT (Ministry of Industry and Information Technology) is building LTE-V2X into Intelligent Connected Vehicles Industry Standard System 2017.09 Internet of Vehicle (IoV) Industry Development Special Committee was established to improve the LTE-V2X testing and certification Trials of C-V2X in China National ICT Application Zone Changchun MOT ICT Pilot zone Beijing C-V2X Performance Test @ SIAC Shanghai Wuxi City-wide LTE-V2X Project Wuxi Car2X Wuzhen Wuzhen ICV&ITS Pilot zone Wuhan i-VISTA ICT Test zone Chongqing Timeline for Deployment of C-V2X C-V2X standardized in C-V2X commercial In-vehicle commercial 3GPP Release 14 (June chipsets (R14) deployment (i.e. type- 2017) available in 2018 approved vehicles) at the latest by 2021 globally 1 C-V2X Development Progress in China 2 OEM’s Perspective on C-V2X 3 Forward Looking C-V2X Mission Functional Scenarios of Future Mobility SAIC’s Strategy for Smart Mobility : Internet +Transportation + Vehicles Internet Transportation Public information release Real-time bus scheduling intelligent toll Car rental Carpooling Transport recommendation Remote alert Automatic searching Parking charge Real-time traffic alert Connection Architecture of Future Mobility Automobile lifecycle and mobility service eco-cloud This image cannot currently be displayed. -
Research on Carbon Emissions of Electric Vehicles Throughout the Life Cycle Assessment Taking Into Vehicle Weight and Grid Mix Composition
energies Article Research on Carbon Emissions of Electric Vehicles throughout the Life Cycle Assessment Taking into Vehicle Weight and Grid Mix Composition Yanmei Li, Ningning Ha * and Tingting Li Department of Economics and Management, North China Electric Power University, Baoding 071000, China; [email protected] (Y.L.); [email protected] (T.L.) * Correspondence: [email protected]; Tel.: +86-10-752-5125 Received: 15 August 2019; Accepted: 18 September 2019; Published: 21 September 2019 Abstract: To study the impact of the promotion of electric vehicles on carbon emissions in China, the full life carbon emissions of electric vehicles are studied on the basis of considering such factors as vehicle weight and grid mix composition, and fuel vehicles are added for comparison. In this paper, we collect data for 34 domestic electric vehicles, and linear regression analysis is used to model the relationship between vehicle weight and energy consumption. Then, a Hybrid Life Cycle Assessment method is used to establish the life cycle carbon emission calculation model for electric vehicles and fuel vehicles. Finally, the life cycle carbon emissions of electric vehicles and fuel vehicles under different electrical energy structures are discussed using scenario analysis. The results show that under the current grid mix composition in China, the carbon emissions of electric vehicles of the same vehicle weight class are 24% to 31% higher than that of fuel vehicles. As the proportion of clean energy in the grid mix composition increases, the advantages of electric vehicles to reduce carbon emissions will gradually emerge. Keywords: vehicle weight; grid mix composition; electric vehicle; life cycle assessment; carbon emissions 1. -
Geely Auto 吉利汽车 (175 HK) ACCUMULATE
Hong Kong Equity | Automobile Company in-depth Geely Auto 吉利汽车 (175 HK) ACCUMULATE Sales Rebound Following Mid-2019 Weak Performance Share Price Target Price Geely ranked No. 7 among Chinese auto makers in 2018, according to CAAM. HK$15.36 HK$16.7 Though Geely’s sales volume declined in 2Q2019, it has recovered gradually since 9/2019 and sold 143,234 units (+1.1%/10% YoY/MoM) in 11/2019. We believe the launch of 6-8 new models in 2020E and fuel vehicles sales pick-up in China may China / Automobile / Auto Maker continue to boost its sales volume. Combined with rising contribution from mid-to-high end vehicles to support ASP, we estimate 2020E profit to improve by 9 December 2019 26% YoY to RMB11.3 bn. We initiate Accumulate with TP of HK$16.7, suggesting 9% upside potential. Alison Ho (SFC CE:BHL697) Sales decline narrowed down: Geely sales dropped significantly in 2Q2019 & 3Q2019 (852) 3519 1291 mainly due to 1) the implementation of China VI vehicle emission standard from [email protected] 1/Jul/2019 in some cities resulting in customers squeezing demand for new cars in 1H2019; 2) the uncertainties on relations between China and US; 3) economic downturn to drag consumer’s purchasing power. However, we saw Geely’s auto sales decline has Latest Key Data narrowed since 9/2019 and recorded a growth of 1.1% yoy in 11/2019. Under Total shares outstanding (mn) 9,146 consideration that December and January are regarded as the high season for auto sales, Market capitalization (HK$mn) 140,476 with customers traditionally making purchases before Chinese New Year, we therefore Enterprise value (HK$mn) 126,335 believe Geely’s auto sales growth will keep improving in the near future. -
I PRESS RELEASE – August 2, 2016 I
I PRESS RELEASE – August 2, 2016 I ARKAMYS & SAIC ROEWE: immersive music in RX5 – the new Internet car with Alibaba’s YunOS! ARKAMYS and SAIC ROEWE are proud to announce ARKAMYS SoundStage solution in the ROEWE RX5. SAIC Motor's first Roewe RX5 sport utility vehicle, which features Alibaba's operating system YunOS for Car, was officially launched on the market on July 6, 2016 in Hangzhou, China. Listen to one of the best audio experiences in an SUV to date with selected hardware coupled to ARKAMYS software! The ARKAMYS sound staging solution enhances car infotainment by raising the sound stage to windshield height and by creating an immersive sound effect for the driver and passengers through the sensation of deep bass. ARKAMYS puts an exclusive and immersive sound signature in the ROEWE, a better sound within this current SUV range for a reasonable price. To achieve a competitive edge, SAIC decided to continue its partnership with ARKAMYS, which began with the MG GS, in order to offer ROEWE customers a brand of high-end, HI-FI quality in this new product segment of connected cars. ARKAMYS SoundStage is available in three ROEWE RX5 Internet connected car models. A Beijing-based independent analyst Zhang Zhiyong told the Global Times that Internet cars will be a "must-have for future cars” and that the Internet companies be increasingly involved in the design and production of cars. (1) (1) Read more: Global Times article http://www.globaltimes.cn/content/991417.shtml About ARKAMYS: Recognized leader in 3D sound audio effects, voice processing and sound rendering, ARKAMYS provides digital audio software and services for the automotive, mobile phones and connected home entertainment. -
Fasten Your Seatbelts: China Revs up Driverless Tech Contents
CMS_LawTax_Negative_28-100.eps Fasten your seatbelts: China revs up driverless tech Contents 3 Executive Summary 4 Introduction 6 Players in China 10 Commercialisation of self-driving cars in China 12 Supporting infrastructure 14 Law and policy 16 FDI outlook for self-driving cars 18 Going forward 20 References 22 Contact us 2 | Fasten your seatbelts: China revs up driverless tech Executive Summary — There are only a few key players in China with the ability to develop autonomous driving technology. — Due to regulatory constraints, we anticipate a slow process before China reaches wide-spread commercialisation. — The regulations published are high-level; however, we see an increased effort by regulators to provide guidance that is more specific. — Foreign investors may enter the market by either partnering with a local automaker or investing in a Chinese start-up. It will be a challenge for foreign automakers to venture into China directly. 3 Introduction On 13 June 2017, the Ministry of Industry and Information Technology (“MIIT”) and the Standardisation Administration of China (“SAC”) jointly published draft guidelines setting out the various automation levels of self-driving cars and the accompanying standards. The draft guidelines signalled the Chinese government’s ambitions to boost the development of self-driving cars in China. LOW Only one automatic operation: steering, accelerating or decelerating — Control: Human and system Driving — Monitor: Human Assistance — Respond to ineffectiveness: Human (DA) Normal driving in the lane, highway without intervention, or parking conditions More than one operation: steering, accelerating, decelerating — Control: Human and system Partial — Monitor: Human Automation — Respond to ineffectiveness: Human (PA) Highway, inner-city road without intervention, round-the island road, congestion, car-following Intelligent Level Full automation. -
China Passenger Vehicle Fuel Consumption Development Annual Report 2017
China Passenger Vehicle Fuel Consumption Development Annual Report 2017 Innovation Center for Energy and Transportation (iCET) December 2017 Acknowledgements We wish to thank the Energy Foundation for providing us with the financial support required for the execution of this report and subsequent research work. We would also like to express our sincere thanks for the valuable advice and recommendations provided by the following distinguished experts and colleagues: Prof. Wang Hewu, Prof. Ou Xunmin, Jin Yongfu and Xin Yan. Report Title China Passenger Vehicle Fuel Consumption Development Annual Report 2017 Report Date December 2017 Authors Liping Kang, LanZhi Qin, Maya Ben Dror, Feng An The Innovation Center for Energy and Transportation (iCET) Phone: +86.10.65857324 | Fax: +86.10.65857394 Email: [email protected] | Website: www.icet.org.cn -1- CONTENT EXECUTIVE SUMMARY ...................................................................................................................................................... 3 1. INTRODUCTION: THE DRIVING FORCE BEHIND CHINA’S PASSANGER VEHICLE ENERGY MANAGEMENT.....................................................................................................................................................................11 2. CHINA’S PASSENGER CARS FUEL CONSUMPTION STANDARD .......................................................13 2.1 PASSENGER CARS FUEL CONSUMPTION STANDARD SYSTEM ............................................................................13 2.2 THE FOURTH PHASE OF CHINA’S -
Hold SAIC Motor Alert
Deutsche Bank Markets Research Rating Company Date 30 August 2017 Hold SAIC Motor Alert Results Asia China Reuters Bloomberg Exchange Ticker Price at 29 Aug 2017 (CNY) 30.20 Automobiles & 600104.SS 600104 CH SHH 600104 Price target - 12mth (CNY) 28.35 Components 52-week range (CNY) 32.69 - 21.13 Shanghai Composite 3,363 1H17 in line; Hold on mild growth Vincent Ha, CFA Fei Sun, CFA outlook Research Analyst Research Analyst (+852 ) 2203 6247 (+852 ) 2203 6130 6% earnings growth on rising SG&A ratio and soft JVs contribution [email protected] [email protected] SAIC Motor released its 1H17 results after market close on 29 August. The company’s 1H17 net revenue grew by 13.0% YoY to RMB393.0bn, on the back Stock data of 5.8% growth in vehicle sales volume to 3.2m units during the period. Meanwhile, SAIC’s 1H17 gross profit grew by 18.6% YoY to RMB51.6bn with Market cap (CNYm) 352,841 62.3bps YoY gross profit margin improvement, possibly due to decent sales for Market cap (USDm) 53,130 new local brand models such as Roewe RX5 SUV, Roewe i6, MG ZS, and Shares outstanding (m) 11,683.5 Baojun 510, in our view. However, with 1) 21.1% YoY increase in SG&A Major shareholders SAIC Group expenses and 2) only 3.7% YoY increase in profit contribution from its (71.2%) JVs/associates, 1H17 net profit only increased 6.0% YoY to RMB16.0bn. On a Free float (%) 17 quarterly basis, SAIC’s 2Q17 net profit reached RMB7.7bn, implying an 8.0% Avg daily value traded 141.9 YoY growth (-6.8% QoQ due to seasonality), on 8.9% YoY increase (8.3% QoQ (USDm) drop) in vehicle sales.