The domestic auto market was hit by negative growth in 2018, the first time in 28 years, with even a double-digit decline in the fourth quarter.
SAIC Motor Corporation Limited (SAIC Motor for short) signed a strategic cooperative agreement with Huawei Technologies Co (Huawei for short) on Dec 21, 2018, a further step in their cooperation after they announced their joint promotion of 5G Internet of Vehicles technologies last year.
SAIC Motor Corporation Limited (SAIC Motor for short) was honored as a “CCTV Top 10 Chinese Listed Company” at the 2018 CCTV Financial Forum and Chinese Listed Companies Summit held on Dec 12 in Beijing.