SAIC to spend $255 mln on
By Ally From: Gasgoo.com September 04
Shanghai - (Gasgoo.com) -
Shanghai Automotive Industry Corporation (SAIC) will inject 1.92
billion yuan ($255 milliin) to strengthen its technology center,
the company’s president announced yesterday.
"The investment will be used to develop
more than 30 own brand vehicles models based on 5 platforms.
These vehicles will cover a wide price range from 65,000 yuan
($8,816) to 300,000 yuan (39,767)," Hu Maoyuan, SAIC president
After successful debut of Roewe, the first
product developed by SAIC technology center, SAIC is now planning to
develop six other car models under the code name of W261, S161, S261,
S100 and BP21.
The center is also developing powertrain
systems, which include 1.3 to 1.6 liter, 2.0-3.6 liter gasoline engines
as well as 2.0-3.6 liter diesel engines.
In terms of transmission technology, the center
is working on six speed, four speed transmission and six speed dual
The SAIC technology center is located in Anting,
a western suburb of Shanghai. By 2010, the Center will have the ability
to develop completely built vehicles; by 2012, the center will have the
ability to develop world-class automotive technology.
(September 4, 2007)