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SAIC receives order for 1,000 EVs, plug-in hybrids

Release Date:2015/01/27   Sources of information:Automotive news

SAIC Motor Corp. received an order for 1,000 electric cars and plug-in hybrids last week from a Shanghai supplier of battery charging equipment that plans to start a car-rental business.

SAIC says it will fill the order with Roewe E50 small electric cars and Roewe 550 compact plug-in hybrid sedans. The buyer, STGCON New Energy Technology Co., supplies battery chargers and related components, as well as battery charging posts and stations for electrified vehicles.

In addition to supplying the vehicles, SAIC pledged to build EV charging stations with STGCON in major Chinese cities.

The deal is SAIC's second major purchase order for electrified vehicles. Last August, eHi Car Services Co., a Shanghai car rental company, bought 1,000 units of the Roewe E50 and Roewe 550 plug-in hybrid.

Last year, state-owned SAIC sold 230,020 gasoline-powered cars under its Roewe and MG brands, down 22 percent from 2013. The Shanghai company has yet to disclose its sales of EVs and plug-in hybrids for last year.

In addition, SAIC has joint ventures with General Motors and Volkswagen Group. It also runs a microvan joint venture with GM in the southwest China city of Liuzhou.

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