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SAIC Motor plans to set up Feifan Automobile to independently operate the original R brand

A relevant person from SAIC Motor Group introduced today that SAIC Motor intends to invest in the establishment of Feifan Automobile Technology Co., Ltd. The original R brand of the passenger car branch will be market-oriented by Feifan Automobile as an independent company. Feifan Automobile will deeply cultivate the high-end intelligent electric vehicle market, explore the use of innovative company operation methods, business operation models and market-oriented incentive mechanisms, create a new engine for innovation and development, and promote the "brand upward" of its own brand. (SSE)

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