$SAIC

General Motors, Honda, Volkswagen, and others extended joint ventures with Chinese partners, signaling long-term commitment to China's auto market. China remains the world's largest, with over 20 million annual passenger vehicle sales. Partnerships are evolving toward joint innovation and R&D, with China becoming a global hub. Multinational automakers view China as a key market and innovation platform, despite global protectionist trends.

SAIC Motor's (600104) MG brand launched the MG 07 sedan, priced from $15,620 with up to 845 km range. The model offers 7 variants, with limited-time discounts and subsidies. Deliveries start in late August. The MG 07 competes with BYD (1211) Seal 07 DM-i and Lynk & Co 07 EM-P in China's competitive EV market.

SAIC's MG brand launched the MG 07 mid-size sedan in China, with prices ranging from 16,000 USD to 23,500 USD. The model offers both PHEV and EV versions, with deliveries starting in August and October. The MG 07 features advanced technology, including LiDAR, a 15.6-inch central screen, and various comfort and performance options.

Science Applications International (SAIC) amended its receivables purchase agreement with MUFG Bank, increasing the facility to $400 million from $300 million. The move aims to boost liquidity and support working capital needs by selling U.S. government receivables. The amendment took effect on August 14, 2026, with other terms unchanged.

Science Applications International Corp (SAIC) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01. Entry into a Material Definitive Agreement On August 14, 2026, Science Applications International Corporation (the "Company") entered into Amendment No.6 (the "Amendment") to the Master Accounts Receivable Purchase Agreement (the "Existing Purchase Agreement"), among t

The article says Mercedes-Benz sold 1,153 electric CLA units in China in the first half, far below Xiaomi’s SU7 at over 80,000 similarly priced deliveries. It cites at least 30% second-quarter sales declines for BMW, Volkswagen and Porsche in China. Mercedes is pausing the CLA push due to unprofitable economics, while BMW cut its China margin outlook to about 1% and plans Neue Klasse models.

Shipbroker Clarksons says car-carrier charter rates rose to about $70,000/day in June from $42,500 late last year, as Chinese vehicle exports outpace ship capacity. Mobility Global forecasts China could export up to 10 million vehicles in 2026. Rates and volumes are affecting European registrations and logistics, with BYD operating eight car carriers.

SAIC Motor and General Motors renewed their SAIC-GM joint venture on 5 Aug 2026, extending its term by 20 years to 2047. The original 1995 contract was set to expire in June 2027. SAIC-GM, formed in 1997, sells Buick, Chevrolet and Cadillac, and plans locally led R&D plus at least 30 new-energy models by 2030.

A Brennan Center for Justice analysis, using a contract spreadsheet reviewed by Biometric Update, says DHS recorded over $2.9B in obligations since Jan 2021 for technologies used to watch, identify, locate, and profile people in the US. It cites accelerating spending since Trump’s return, with major shares for biometrics ($1.1B), video surveillance ($793M), and analytics ($611M), including Palantir.

Saudi Advanced Industries Co. (SAIC) said its board accepted CEO Khalid Abukhadhra’s request not to renew his contract, effective Oct. 12, citing personal reasons. The board appointed Fares Al-Fares as CEO effective Oct. 13. Al-Fares previously served as SAIC Chief Investment Officer and held roles at Yaqeen Capital and Al Rajhi Capital.