BEIJING -- SAIC Motor plans to invest 300 billion yuan ($43 billion) in advanced technologies over the five years through 2025, the Chinese automaker's chairman told Nikkei.
The spending focuses on new-energy vehicles -- which include electrics and plug-in hybrids -- as well as connected and smart cars, including autonomous driving tech, Chen Hong said. SAIC aims to lift sales of new-energy vehicles to more than 2.7 million units in 2025, a 270% increase from 2021.
