Company to be established

Strategy of new energy vehicles SAIC SAIC quietly surfaced quietly surfaced new energy strategy of the car Unknown Release date Shanghai Automotive plans to develop new energy vehicles set up a company specifically itugg outlet will be main hybrid electric vehicle technology research and development This shows that SAIC has a clear strategy for new energy vehicles surfaced The company s board of directors recently announced that theugg discount company plans and controlling shareholder Shanghai Automotive Industry Corporation Group joint venture in Shanghai a limited liability company established to develop a substitute or alternative to traditional internal combustion engine technologies and graduallyugg boots sale electric and pure electric drive oil technology Company to be established tentatively named Dresdner Automotive Technology Co Ltd Shanghai SAIC of total shares the Shanghai Automotive accounted for of shares Dresdner total investmentugg boots sale uk yuan including fixed assets investment million yuan and the remaining R D investment for the project The main business scope includes power system development system integration and matching gearbox development and sales ofugg boots electric drive in three aspects Shanghai Automotive in describing the purpose of setting up a new company said is further concentrated into hybrid electric cars and other technology research and development of newugg boots outlet energy vehicles including electric drive transmission and new energy power systems and other key systems development reduce vehicle fuel consumption and emissions products This shows that the SAIC will develop new energy vehiclesred bull locked in close to the direction of commercialization of hybrid and electric cars SAIC was launched earlier this year LaCrosse hybrid cars and hybrid Roewe also under development Dresdner after the company suggs outletoperations is expected to help SAIC hands of new energy vehicles and electric cars key technology and achieve mass production of key parts thereby reducing its cost of new energy vehicles products and  enhance market competitiveness