SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China's A-share market (Stock Code: 600104), and has a total equity of 11 billion shares.
SAIC Motor's business covers the research, production and vehicle sales of both passenger cars and commercial vehicles. It also covers components including engines, gearboxes, powertrains, chassis, interior and exterior and miscellaneous electronic components, and logistics, vehicle telematics, second-hand vehicle transactions and auto finance services.
SAIC's affiliated vehicle companies include Morris Garages, SAIC Motor Commercial Vehicle Co, SAIC Volkswagen, SAIC-GM, Shanghai General Motors Wuling (SGMW), NAVECO, SAIC-IVECO Hongyan and Shanghai Sunwin Bus Corp (SUNWIN).
SAIC Motor's car sales hit 5.62 million units in 2014, up 10.1 percent on the previous year and further consolidating its leading position in the domestic auto market. In 2014, the company climbed 25 places to rank 60th on the annual Fortune Global 500 list, thanks to its $102.25 billion in revenues. It marked the 11th time that the company had made it onto the list of the world's most powerful companies.
SAIC Motor UK
SAIC Motor UK Technical Centre (SMTC UK) was established in 2005 to enable SAIC Group to benefit from the wealth of highly skilled automotive engineering and design talent present in the UK, especially in the Midlands. Now, as an integral part of the SAIC Motor Technical Centre based in Shanghai, China, SMTC UK is responsible for key phases of the engineering, research, design, and development programmes of new MG and Roewe products for Global markets.
SAIC Motor is the owner of the world-famous MG marque
SMTC UK’s primary areas of focus include research and development of new passenger vehicles, component engineering (including engines, transmissions and vehicle systems including chassis), automotive design for MG (styling) and vehicle testing and validation. It is also responsible for products destined for EU markets and supports engineering for RHD markets around the world.
SAIC Group roots began in 1955 with the formation of the Shanghai City Diesel Parts Manufacturing Company. After initially focusing on powertrain product, SAIC began automobile manufacturing in 1958 with its first vehicle, the Phoenix. In the years that followed, SAIC formed several equal ownership joint ventures with other motor manufacturers to create what is now the largest listed vehicle-making corporation on the Chinese A-share stock market. Key joint ventures include the passenger vehicle focused Shanghai Volkswagen (SVW) and Shanghai General Motors (SGM), and commercial vehicle joint ventures include Naveco and the Shanghai Sunwin Bus Corporation.
SAIC Group's growth has been consistently strong, with annual sales of 1 million vehicles in 2005, 2 million in 2009 and 3 million in 2010. In 2012, sales reached 4.49 million vehicles, a year-on-year increase of 11.9%, despite the slowdown in the total market growth. SAIC Group was ranked among the Fortune Global 500 for the eighth time in 2012 on the strength of consolidated sales income of 67.25 billion US dollars for the previous year, taking 130th place on the list and rising 21 places over its 2011 position.
In addition to production and sales of passenger and commercial vehicles, SAIC Group also has interests in a number of vehicle component businesses as well as supporting automotive services such as auto financing.
2005 saw an important milestone in the group's development with the introduction of a new SAIC owned brand, Roewe.
An important focus of SAIC Group today is in the development of innovative new automotive energy systems. The Roewe 750 Hybrid, offering fuel efficiency improvements of an average 50% over the conventional model was the first product of this development program. 2012 saw the introduction of the first SAIC-manufactured all-electric vehicle, the Roewe E50, fulfilling the promise of zero-emission vehicles, with further developments underway for the launch of a plug-in hybrid vehicle in the near future.
Through a spirit of independent innovation and focus on consumer and environmental demands, SAIC Group is now the seventh largest automotive manufacturer globally.
SAIC Motor Corporation Limited is a Chinese state-owned automotive manufacturing company headquartered in Shanghai, China with multinational operations
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