Shanghai Auto (SAIC) has announced that it has gained approval from the board to set up an investment firm in Hong Kong with registered capital of USD9.9m.
Go deeper with GlobalData
The new firm is expected to help SAIC upgrade its global operations and create a financing platform for its overseas business.
Reports say it will mainly provide services concerning complete vehicles and core parts in areas such as global trade, investment, technology, service trade, training and consulting.
Moreover, the Shanghai-listed automaker will ‘still attach great importance to the mainland business’, it says.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
