SAIC Motor, China's largest auto group, reported a net profit of 24.8 billion yuan, up by 19.53 percent year-on-year.
The company received 1.39 billion yuan subsidy in 2013, the major part of which was for new energy cars. The government's financial assistance was 10 million yuan more than the subsidy it gave in 2012.
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| A Roewe W5 Urban Concept of SAIC Motor is displayed during the 13th Beijing International Automotive Exhibition, also known as Auto China 2014, in Beijing, China, 20 April 2014. [Photo/dfic.cn] |
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