A worker walks past a lighted signage of Shanghai Automotive Industry Corp. (SAIC) before the opening of the 15th Shanghai International Automobile Industry Exhibition in Shanghai in this file photo. SAIC Motor Corp. plans to raise as much as 15 billion yuan (US$2.4 billion) through a private share sale to develop new energy vehicles. The Shanghai-based company will invest 4 billion yuan in the funds on developing its own brands of cars and new energy vehicles and 1.8 billion yuan on new energy commercial vehicles. SD-Agencies