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    600104   CNE000000TY6

SAIC MOTOR CORPORATION LIMITED

(600104)
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China auto industry body launches data platform for smart cars

04/28/2021 | 04:17am EDT

BEIJING (Reuters) - China's top auto industry body China Association of Automobile Manufacturers (CAAM) said on Wednesday that it has launched an auto data storage platform, using blockchain technology, for smart cars.

As cars have more autonomous driving functions and entertainment services, vehicles generate more data from its sensors and in-car systems than before. Regulators globally are drafting new rules on the storage and protection of those data.

CAAM, which did not offer details of the platform in the statement, also held a policy discussion meeting with China's industry ministry and public security ministry. Tesla Inc, Volkswagen AG, Geely, Nio Inc, and SAIC Motor are among the automakers joining the discussion, CAAM said.

(Reporting by Yilei Sun and Tony Munroe, editing by Louise Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NIO INC. -0.77% 34.9 Delayed Quote.-28.40%
SAIC MOTOR CORPORATION LIMITED 0.50% 20.11 End-of-day quote.-17.72%
TESLA, INC. 1.26% 739.38 Delayed Quote.4.78%
VOLKSWAGEN AG 1.22% 183.2 Delayed Quote.20.19%
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Analyst Recommendations on SAIC MOTOR CORPORATION LIMITED
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Financials
Sales 2021 793 B 123 B 123 B
Net income 2021 25 917 M 4 005 M 4 005 M
Net cash 2021 76 645 M 11 843 M 11 843 M
P/E ratio 2021 9,06x
Yield 2021 4,21%
Capitalization 233 B 35 998 M 35 969 M
EV / Sales 2021 0,20x
EV / Sales 2022 0,15x
Nbr of Employees 204 815
Free-Float 22,6%
Chart SAIC MOTOR CORPORATION LIMITED
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SAIC Motor Corporation Limited Technical Analysis Chart | 600104 | CNE000000TY6 | MarketScreener
Technical analysis trends SAIC MOTOR CORPORATION LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 20,11 CNY
Average target price 24,13 CNY
Spread / Average Target 20,0%
EPS Revisions
Managers and Directors
Xiaoqiu Wang President & Director
Yong Wei Chief Financial Officer & Board Secretary
Hong Chen Chairman
Xiao Su Chen Chairman-Supervisory Board
Shi Jie Zu Chief Engineer & Deputy General Manager
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