SAIC Partners with Huawei to Launch New EV Brand Amid BYD Competition
Chinese automaker SAIC Motor has officially announced a strategic partnership with technology giant Huawei to jointly develop and sell battery-powered electric vehicles under a new brand named Shangjie. This collaboration marks a significant shift for SAIC, which recently lost its position as China's top-selling automaker to rival BYD after nearly two decades. The first vehicle from this joint venture is expected to launch in the fourth quarter of 2024, priced between RMB 150,000 and RMB 250,000. It will be the most affordable model featuring Huawei’s HarmonyOS and Advanced Driving System (ADS) within the Harmony Intelligent Mobility Alliance (HIMA). The agreement was signed in Shanghai by senior executives from both companies, including SAIC Chairman Wang Xiaoqiu and Huawei’s Richard Yu. This move aims to counter declining sales in SAIC’s traditional joint ventures with Volkswagen and General Motors, while leveraging Huawei’s growing influence in the smart EV sector. Huawei’s automotive solutions have already powered nearly 450,000 vehicles for partners like Seres and Chery, positioning the alliance as a formidable competitor to market leaders such as BYD and Li Auto.
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SAIC Partners with Huawei to Launch New EV Brand Amid BYD Competition
Chinese automaker SAIC Motor has officially announced a strategic partnership with technology giant Huawei to jointly develop and sell battery-powered electric vehicles under a new brand named Shangjie. This collaboration marks a significant shift for SAIC, which recently lost its position as China's top-selling automaker to rival BYD after nearly two decades. The first vehicle from this joint venture is expected to launch in the fourth quarter of 2024, priced between RMB 150,000 and RMB 250,000. It will be the most affordable model featuring Huawei’s HarmonyOS and Advanced Driving System (ADS) within the Harmony Intelligent Mobility Alliance (HIMA). The agreement was signed in Shanghai by senior executives from both companies, including SAIC Chairman Wang Xiaoqiu and Huawei’s Richard Yu. This move aims to counter declining sales in SAIC’s traditional joint ventures with Volkswagen and General Motors, while leveraging Huawei’s growing influence in the smart EV sector. Huawei’s automotive solutions have already powered nearly 450,000 vehicles for partners like Seres and Chery, positioning the alliance as a formidable competitor to market leaders such as BYD and Li Auto.
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