CHINA'S SAIC SET TO ADD 14 VEHICLE VESSELS TO BOOST EXPORTS

SAIC Motor Corp (600104.SS), opens new tab plans to add 14 vehicle vessels in the next three years to its fleet of carriers as the state-owned Chinese automaker aims to boost sales in overseas markets, it said on Wednesday.

SAIC-owned Anji Logistics operates 31 carriers that have been shipping vehicles produced by Chinese automakers including Dongfeng (600006.SS), opens new tab, Yutong Bus (600066.SS), opens new tab and Great Wall Motor (601633.SS), opens new tab as well as SAIC's own brands to South East Asia, Mexico, South America and Europe.

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