Shanghai Automotive announced today that on the 25th, the company and the Tangshan Municipal People's Government signed a cooperation framework agreement on the green energy vehicle project. The two sides formed a strategic partnership. The two parties intend to establish a core competitive production base in Caofeidian. For the production of new energy automotive products.
According to the agreement, the two parties will start with the development of electric buses, hybrid buses and traditional passenger vehicle industries, and expand the cooperation scope to other types of vehicles as required. The products mainly meet the market demand of Tangshan, Hebei and even North China.
Previously, Shanghai Automotive President Chen Hong said at the 7th Guangzhou Auto Show that the key to the development of new energy vehicles is to form a competitive advantage in the industry chain. Shanghai Automotive's development of new energy vehicles will be laid out throughout the industry chain. The company will form its own battery management capabilities, battery industry chain, development of electric drive transmissions, vehicle integration and integrated vehicle systems, including electric vehicles for new energy vehicles . Air conditioning, electric steering and ABS technology improvements.
"But the development of new energy vehicles still has a process. At present, the bigger problem is higher costs. This requires both national policy encouragement and follow-up of municipal facilities," he said.
According to data released by Shanghai Automotive, the company's total vehicle sales amounted to 2.188 million units from January to October this year, an increase of 51% year-on-year, making it the first domestic automobile company to sell more than two million vehicles. Chen Hong expects SAIC's total sales this year will likely reach 2.65 million.
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