SAIC Motor

This article is about the Chinese automotive company. For similarly-named companies, see SAIC (disambiguation).

SAIC Motor Corporation Limited
Native name
上海汽车集团股份有限公司
FormerlyShanghai Automotive Industry Corporation
Company typeState-owned
SSE: 600104
IndustryAutomotive
Founded
  • 1955; 69 years ago (1955) as Shanghai Internal Combustion Engine Components Company
  • 1995; 29 years ago (1995) as Shanghai Automotive Industry Corp. (Group)
Headquarters
Anting, Shanghai
,
China
Area served
Worldwide
Key people
  • Wang Xiaoqiu
  • (Chairman of the Board of Directors)
  • Shen Xiaosu
  • (Chairman of the Board of Supervisors)
  • Jia Jianxu
  • (President)
ProductsAutomobiles
Production output
Decrease 5,020,865 vehicles (2023)
RevenueDecrease CN¥ 505.06 billion (2022)
Decrease CN¥ 744,062,883,284 (2022)
Decrease CN¥ 16,117,549,650 (2022)
Total assetsCN¥ 990,107,381,169 (2022)
Number of employees
215,999 (2022)
ParentShanghai State-owned Assets Supervision and Administration Commission (62.69%)
Divisions
Subsidiaries
List
Chinese name
Simplified Chinese上海汽车集团股份有限公司
Traditional Chinese上海汽車集團股份有限公司
Literal meaningShanghai Automotive Group Joint-stock Limited Corporation
Transcriptions
Standard Mandarin
Hanyu PinyinShànghǎi Qìchē Jítuán Gǔfèn Yǒuxiàn Gōngsī
Abbreviation
Simplified Chinese上汽集团
Traditional Chinese上汽集團
Transcriptions
Standard Mandarin
Hanyu PinyinShàngqì Jítuán
Websitesaicmotor.com
Footnotes / references
[2][3]

SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955,[4] it is currently the largest of the "Big Four" state-owned car manufacturers of China ahead of FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with sales of 5.02 million vehicles in 2023.

The company traces its origins to the early years of the Chinese automobile industry in the 1940s, and SAIC was one of the few carmakers in Mao's China, making the Shanghai SH760.[5] Currently, it participates in the oldest surviving sino-foreign automotive joint venture with Volkswagen (SAIC-Volkswagen) since 1984, and in addition operates a joint venture with General Motors (SAIC-GM) since 1998. It also produces and sells passenger vehicles under its own branding, such as Roewe, MG, Maxus/LDV, Rising Auto, and IM Motors. It is also the largest shareholder of SAIC-GM-Wuling (SGMW), a joint venture selling Wuling and Baojun branded vehicles. In 2021, SAIC self-owned brands contributes 52% of SAIC's sales.[6]

The company ranked 84th on the Fortune Global 500 list in 2023. Including SGMW, it was also the third-largest plug-in electric vehicle (battery electric and plug-in hybrid) company and second-largest battery electric vehicle manufacturer in the world, with 10.5% and 13% global market share respectively in 2021.[7]

  1. ^ "SAIC MOTOR CORPORATION LIMITED Annual Report 2022" (PDF). Upon completion of the transaction, the Group's share of net assets of Wuling Indonesia increased from 60.48% to 74.92%
  2. ^ "SAIC MOTOR CORPORATION LIMITED Annual Report 2022" (PDF). Retrieved 6 April 2024.
  3. ^ "Sales Volume". SAIC Motor. Retrieved 6 April 2024.
  4. ^ "SAIC Motor Corp. Ltd". Nikkei Asia.
  5. ^ The home team: Indigenous carmakers are working their way up Archived 13 April 2011 at the Wayback Machine economist.com, 13 November 2008
  6. ^ "SAIC Motor Continues to lead vehicle sales in China". SAIC Motor. 13 January 2022. Retrieved 2 April 2024.
  7. ^ "World's Top 5 EV Automotive Groups Ranked by Sales: 2021".