SAIC Motor car sales in January-April drop

BEIJING -- Major Chinese automaker SAIC Motor Corporation Limited on Thursday reported a decline in sales in the first four months of 2020.

The Shanghai-based company sold 1.1 million cars in the January-April period, down 44.9 percent year on year. It also sold 417,600 cars in April, down 8.62 percent year on year.

The share price of the Shanghai-listed automaker gained 0.15 percent to close at 19.65 yuan ($2.77) on Thursday.