Early Reading | SAIC Announces Construction of Production Base in Europe | Sales | Europe

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Focus on Today

SAIC announces the construction of production bases in Europe

※ yesterday, SAIC disclosed overseas business sales data in the first half of the year. In the first half of 2023, SAIC sold 530000 vehicles in overseas markets, up 40% year-on-year. Among them, independent brand sales accounted for more than 70%,MG in the first half of the global sales totaled 370000 vehicles. On the same day, SAIC announced that it will build a production base in Europe and is currently in the process of site selection.

Europe has grown into SAIC's first overseas business market of 200000 vehicles, which is an important reason for SAIC's decision to build a factory in Europe. From the perspective of SAIC Motor's main export brand MG, in the first half of 2023, MG sold a total of 115000 vehicles in the European market, a year-on-year increase of 143%. It has entered 28 European countries and established more than 830 service outlets.

Yuan Yingchen, General Manager of SAIC Group Germany, introduced that Europe, especially Germany, has very strict requirements for automotive technology. Although MG has the aura of a traditional European brand, its rapid sales growth is still due to its strong product and service system. The sales of MG in Europe are also inseparable from the development of new energy vehicles. In the first half of the year, over half of MG's sales in the European market were contributed by new energy vehicles.

SAIC's sales in four emerging markets, namely Australia, New Zealand, the Americas, the Middle East, ASEAN, and South Asia, have also grown rapidly. Especially in the Southeast Asian market, SAIC Motor Corporation (SAIC) had an early layout. Currently, MG's market share in Thailand has reached 7.5%, ranking third in the Thai passenger car market.

At the end of April this year, a groundbreaking ceremony was held for the new energy industry park jointly constructed by SAIC and Thailand's Chia Tai Group. The focus will be on localized production of key components for new energy vehicles. The first phase of the project will be completed within the year, and the overall project will be completed by 2025.

In addition, SAIC denied rumors at yesterday's communication meeting that SAIC MG India had been forcibly acquired at a low price by the local government, losing control. Yu De, Assistant to the President of SAIC Group, General Manager of International Business Department, and General Manager of SAIC International, stated that SAIC MG is taking various measures such as localizing its employees and localizing its supply chain to participate in the development of the Indian market.

Yu De believes that overseas sales are expected to continue to grow in the third and fourth quarters of this year. With the continuous expansion of overseas business scale, production costs will further decrease, and overseas business will achieve scale profitability in 2023.

§domestic

Xi Jinping, general secretary of the CPC Central Committee, state president, and chairman of the Central military Commission, gave important instructions on flood control and disaster relief work. Xi Jinping pointed out that in recent days, Chongqing and other places have encountered heavy rainfall, and some rivers have experienced floods above the alarm level, causing geological disasters such as mountain torrents and mudslides, causing heavy casualties and property losses. Xi Jinping stressed: at present, the whole country is about to enter the critical period of "seven lower and eight upper" flood control, and the seven major river basins will enter the main flood season in an all-round way, and there are flood disaster risks in the Yangtze River, Huaihe River, Taihu Lake and Songliao River basins. The State General Administration of Prevention, the Ministry of Emergency Management, the Ministry of Water Resources and other relevant departments should strengthen overall planning and coordination, strengthen consultation, research and judgment, do a good job in monitoring and early warning, and accurately guide key areas to do a good job in disaster prevention work such as floods in small and medium-sized rivers, accidents in small and medium-sized reservoirs, and urban waterlogging. Xi Jinping demanded that party committees and governments at all levels should fully implement the main responsibility for flood control and disaster relief, and leading cadres at all levels should strengthen emergency duty and command at the front, adhere to the supremacy of the people and life, and be responsible for keeping the soil, responsible for keeping the soil, and responsible for keeping the soil, and earnestly put the safety of people's lives and property in the first place, and strive to minimize all kinds of losses.

On July 4th, in Wuqiao Street, Wanzhou District, Chongqing, officers and soldiers of the Chongqing Armed Police Corps Boat Detachment were transferring stranded people. Affected by continuous heavy rainfall in recent days, the water of Wuqiao River in Wanzhou District, Chongqing has surged, causing waterlogging in Wuyi Street, Xianglu Street, and Hongxing Street, which are adjacent to the river in Wuqiao Street. All rescue forces launched emergency rescue efforts to ensure the safety of people's lives and property.

●President Xi Jinping attended the 23rd meeting of the Council of Heads of State of the Shanghai Cooperation Organization by video in Beijing on the afternoon of July 4 and delivered an important speech entitled "Keeping in mind the original mission, persisting in unity and cooperation to achieve greater development. The leaders of the member states signed and issued the New Delhi Declaration of the Council of Heads of State of the Shanghai Cooperation Organization, jointly issued a statement on cooperation in combating extremes, a statement on cooperation in the field of digital transformation, and approved the status of Iran as a member of the Shanghai Cooperation Organization. A series of resolutions such as the Memorandum of Obligations for Belarus to Join the Shanghai Cooperation Organization and the Economic Development Strategy of the Shanghai Cooperation Organization to 2030.

The third plenary session of the 12th Shanghai Municipal Committee of the Communist Party of China was held in the Expo Center on July 4. The plenary session deliberated and approved the "Opinions of the Shanghai Municipal Committee of the Communist Party of China on Deepening the Study and Implementation of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, Deepening High-level Reform and Opening Up, and Promoting High-quality Development."

From July 3 to 7, the Ministry of Human Resources and Social Security launched a new batch of four online recruitment sessions, including energy conservation and environmental protection, intelligent manufacturing, information technology, and state-owned enterprises, with a total of more than 32000 employers participating and releasing recruitment needs of more than 466000 people.

The prosperity index of China's logistics industry in June recently released by the China Federation of logistics and purchasing was 51.7, up 0.2 percentage points from the previous month.

●The "2022 National Ecological Meteorological Bulletin" issued by the China Meteorological Administration on the 4th showed that the national vegetation ecological quality index in 2022 was 68.3, an increase of 6.2 over normal years, and the third highest since 2000.

On the 4th, a spokesman for the Ministry of Foreign Affairs answered a reporter's question on the comprehensive assessment report on the disposal of nuclear contaminated water in Fukushima, Japan, released by the International Atomic Energy Agency. "We believe that the agency report cannot become a 'talisman' and 'pass' for Japan to discharge the sea '. Due to the limitation of authorization, the agency did not review the legitimacy of Japan's sea discharge plan, did not evaluate the long-term effectiveness of Japan's purification device, and did not confirm the true accuracy of Japan's nuclear contaminated water data. The relevant conclusions have great limitations and one-sidedness. We note that Director-General Grossi said that the agency conducted a review and evaluation at the request of the Japanese government and was by no means an endorsement for the Japanese Pai Hai." The spokesman said.

●On the 4th, the China Association for Science and Technology issued the "Ten Prohibitions for the Work of recommend Academician Candidates", which put forward 10 requirements for the relevant parties who recommend academician candidates in the Association for Science and Technology system.

At about 09:30 on the 4th, with the arrival of the "Jinruilong" passenger ship from Kinmen at Xiamen Wutong passenger Terminal, the Xiamen-Jinmen route ushered in the 20 million passenger. So far, the Xiamen-Jinmen route has lasted for 23 years, with 20 million passengers entering and leaving the country.

The reporter learned from the work promotion meeting on the 60th anniversary of the dispatch of foreign aid medical teams held in Changsha on the 4th and the 2023 national health and health foreign affairs work conference that from 2018 to 2022, the Chinese foreign aid medical team has sent nearly 3600 members in five years to provide medical services for 9.56 million patients.

§International

●The European Patent Office headquartered in Munich, Germany announced on the 4th that Wu Kai, the chief scientist of the Chinese company Ningde Times, and his team stood out from more than 600 candidates and won the 2023 European Inventor Award. According to the website of the European Patent Office, Wu Kai and his team have developed a lithium-ion battery with a top cover that can be used as a barrier to reduce battery safety risks, thereby reducing the risk of battery explosion and fire in electric vehicles.

●The construction of the Brazilian East-West Railway Project, which was constructed by China Railway Tenth Bureau Brazil Co., Ltd., held a groundbreaking ceremony in Illeus, Bahia on the 3rd. Brazilian President Lula attended the event.

●The World Meteorological Organization said on the 4th that the tropical Pacific region has formed El Niño conditions for the first time in 7 years. It is expected that temperatures in most parts of the world will rise further in the future, and record high temperatures may occur within 5 years. Governments should respond to related climate events. prepare.

● Russian media reported on the 4th that the only active Russian aircraft carrier "Marshal Kuznetsov", which is under repair, may return to combat sequence before the end of 2024.

● The riots in France eased on the 3rd after several days. French Interior Minister Dalmanin announced on the same day that the police force deployed throughout the country that night was the same as that on the evening of the 2nd, with 45000 police and gendarmes still on high alert in areas where riots may break out.

●The Israel Defense Forces launched a large-scale air and ground military operation in the Jenin area in the northern West Bank in the early morning of the 3rd. The Palestinian Ministry of Health said that as of that night, the conflict had killed eight Palestinians and injured more than 80 others.

Saudi Arabia, Russia and Algeria announced on the 3rd that they would further reduce crude oil supply next month to maintain the stability of the international crude oil market.

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