#SAIC & Mansour

Recently, SAIC signed a strategic cooperation framework agreement with Mansour Automotive Group, Egypt's largest auto sales company. The two companies announced the establishment of a joint-venture sales company. After that, SAIC Group's MG ZS, MG HS, and MG 6 will be launched for sale in Egypt.

With this cooperation, SAIC Group will successfully enter the huge potential incremental market in Egypt, and the Mansour Group's lineup will be greatly expanded. After this cooperation, more than 1,000 jobs will be added to Egypt, and the development of the auto parts industry will be greatly enhanced.

#Qin Peiji as new President of Volvo China

▲Qin Peiji (Left)

On June 18, Volvo appointed Qin Peiji as the president of Volvo China, which will take effect on July 1. Mr. Qin joined Volvo China in 2011 and served as vice president of sales and dealer network.

# FAW-Audi Sales Company

The FAW-Audi Sales Company, which was scheduled to be established by the end of 2018, has finally made progress after fifteen months of the announcement. Recently, the name of “FAW-Audi Sales Co., Ltd.” was listed in the “Announcement of Enterprise Name Approval of State Administration for Market Regulation” issued by the State Administration for Market Regulation on May 22, 2019.