Shangjie represents SAIC's latest bet to regain relevance in a market increasingly dominated by tech-savvy consumers and electric-focused competitors. It hopes that the brand's affordability and smart technology integration place it against the likes of BYD, Geely and newer entrants such as Xiaomi's SU7 sedan.

Chinese automaker SAIC Motor said on Friday it would partner with tech company Huawei (HWT.UL) to develop new "globally competitive" smart electric vehicles.

In China, SAIC and Huawei want to cooperate in the development of electric cars and plug-in hybrids. Under the agreement, the two companies will work together

Huawei has launched a number of smart car products in China with its partners, incorporating smart driving, smart cockpit, smart driving control, and software-defined cars to build a new smart travel experience.

Chinese automakers Xpeng and SAIC have begun exporting the X9 MPV and IM LS6 SUV coupe, respectively. Both companies chose Thailand as the first overseas

General Motors (GM) is closing its Shenyang manufacturing plant in northeastern China, a move that aligns with its broader restructuring strategy to navigate the shifting competitive landscape. The plant,

BEIJING (Reuters) -- Chinese automaker SAIC Motor said on Friday it would partner with tech company Huawei to develop new "globally competitive" smart electric vehicles. The tie-up sees yet another state-owned automaker betting on partnerships with Huawei, which has risen to prominence as a supplier of smart driving technologies, to boost EV sales.