SAIC

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growth-positive

Shanghai Automotive Industry Corporation (SAIC), one of Chinas top four automotive manufacturers, is set to open a research and development (R&D) centre in Israel. The centre will focus on electrical propulsion, data networks, car sharing and smart automated propulsion. The company, which already has a team in Israel, is set to increase its presence to 50 employees. The R&D centre is expected to be located at the new headquarters for the Lubinski Group in Rishon LeZion, just south of Tel Aviv. Lubinski has been the official importer of SAIC vehicles to Israel.

growth-positive

SAIC Motor, Chinas largest carmaker, has announced the launch of a new innovation center in Israel, following the opening of a similar center in Silicon Valley. The company aims to leverage Israels strong environment for innovation and entrepreneurship, as well as its active venture capital and overall capital market. SAIC plans to develop innovative technologies centered on automation, internet connectivity, smart technology, and sharing capabilities. The company will also establish connections with local universities, startups, and innovation incubators, and explore opportunities in venture capital and mergers and acquisitions.