SAIC Motor, China's largest carmaker, has Tesla in its crosshairs.
China's state-owned giant to launch high-end new-energy vehicle brand

SAIC Motor unveiled its first fuel-cell-powered multipurpose vehicle, the Maxus Euniq 7, in Shanghai in mid-September as part of a broader push to harness hydrogen as a key fuel of the future. © Imaginechina/AP
SAIC Motor, China's largest carmaker, has Tesla in its crosshairs.