SAIC Motor

SAIC Motor Corporation Limited is a leading automobile company in China, listed on the stock exchange with code 600104. The company is transforming from a traditional manufacturing enterprise to a mobile comprehensive supplier of travel services and products. Its main business includes R&D, production, and sales of complete vehicles and components.

SAIC is actively promoting the commercialization of new energy and internet vehicles, as well as researching and industrializing intelligent driving and other technologies. The company also offers logistics, automotive e-commerce, travel services, energy saving and charging services, and automobile-related finance, insurance, and investment businesses. SAIC's major OEMs include SAIC Passenger Vehicle Branch, SAIC MAXUS, Zhiji Automobile, Feifan Automobile, SAIC Volkswagen, and SAIC-GM among others.

In 2022, SAIC achieved 5.303 million vehicle sales, ranking first in the country for 17 consecutive years. New energy vehicle sales reached 1.073 million, a year-on-year increase of 46.5%, while sales in overseas markets reached 1.017 million units, an increase of 45.9% year-on-year. In August 2022, SAIC Motor ranked 68th in the Fortune Global 500 with a consolidated operating income of US$120.9 billion in 2021. The company has been on the top 100 list for nine consecutive years since 2014.

Looking forward, SAIC will continue to promote the "new four modernizations" strategy of "electrification, intelligent networking, sharing, and internationalization" and become a world-class company with global competitiveness and influence.

Founded: 1997
Headquarters: Shanghai, China

Website: https://www.saicmotor.com/english/

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