SAIC MOTOR(SH:600104) Mei Ri Jing Ji Xin Wen·2025-04-30 05:55Core Insights - The "Shangjie" project, focused on the production of high-end intelligent new energy vehicles and battery systems, has officially settled in the Lingang New Area, with agreements signed between the Lingang New Area Administrative Committee and SAIC Motor Corporation [1] - The project aims to rapidly establish a vehicle production base and a battery system production project, with construction expected to start in May and the first vehicles to roll off the production line in the fall of this year [1] Group 1: Project Details - The investment agreements were signed between the Lingang New Area Administrative Committee, SAIC Motor Corporation, and its subsidiaries, indicating a strong commitment to the project [1] - The Lingang Administrative Committee has reserved sufficient industrial land to attract more core suppliers, promoting the collaborative development of the upstream and downstream industrial chain [1] Group 2: Strategic Partnerships - In February, SAIC Motor Corporation signed a deep cooperation agreement with Huawei, focusing on product definition, manufacturing, supply chain management, and sales services for new energy smart vehicles [5] - The "Shangjie" brand, which will feature Huawei's smart travel solutions, is set to launch its first product in the fall, with a dedicated team of over 5,000 people and an initial investment of 6 billion yuan [5][6] Group 3: Product Specifications - The first product under the "Shangjie" brand will be a mainstream SUV priced around 200,000 yuan, with expectations for high sales volume [6] - The project will revive the previously shelved ES37 model, now known as Feifan RC7, which is a mid-sized pure electric SUV that will incorporate Huawei's intelligent driving solutions [6] - SAIC Motor Corporation is preparing an initial annual production capacity of approximately 250,000 units for the "Shangjie" brand [6]