SAIC and U.S. General Motors agree on new Energy technology Cooperation Agreement

NetEase Financial November 3 News Shanghai Car Evening announcement, November 3, the company signed a memorandum of understanding with the United States General Motors.　　The two sides will further strengthen cooperation in core areas such as new Energy vehicle basic technology development and next generation vehicle development. Shanghai Auto released the third quarter reported that in January-September, the company achieved total operating income of 229.232 billion yuan, a year earlier growth of 130.13%, excluding the impact of the changes in the scope of the consolidated statement, compared with the same period last year, the increase of 45.96%, still higher than the industry average. The net profit attributable to the owner of the parent company was 9.584 billion yuan, an increase of 141.17% per cent.　　One of the whole car net profit diluted after the company earnings per share 1.125 yuan, an increase of 85.34%. Price stability is the main reason for the growth of the company's income. January-September, the company sold up to 2.666 million vehicles, the growth of 36.9%, the market share of 20.2%, compared to the first half of 0.6%, the market leading position has been stable. The company's independent brand sales growth rate reached 83.2% year-on-year, joint-venture brand sales growth reached 45.6%, the chain growth of 9.6%, including Shanghai Volkswagen Quarter-on-quarter growth of 13.6%, Shanghai general chain growth of 6.6%. Far above the market 2% of the chain growth rate.　　From the model, the pedestrian SUV gradually volume, this year is expected to break the monthly sales of 10,000 units, high-end car sales maintain a high growth momentum. Shanghai car closed at 19.94 Yuan today, down 1.82%.