This article is about the Chinese automotive company. For similarly-named companies, see SAIC (disambiguation).
SAIC Motor Corporation Limited
SAIC Building, which is the administration headquarters, Jing'an District
Native name
上海汽车集团股份有限公司
Formerly
Shanghai Automotive Industry Corporation
Company type
State-owned
Traded as
SSE: 600104
Industry
Automotive
Founded
1955; 69 years ago (1955) as Shanghai Internal Combustion Engine Components Company
1995; 29 years ago (1995) as Shanghai Automotive Industry Corp. (Group)
2011; 13 years ago (2011) as SAIC Motor Corporation Limited
Headquarters
Anting, Shanghai
,
China
Area served
Worldwide
Key people
Chen Hong
(Chairman of the Board of Directors)
Shen Xiaosu
(Chairman of the Board of Supervisors)
Wang Xiaoqiu
(President)
Products
Automobiles
Production output
5,020,865 vehicles (2023)
Revenue
RMB 505.06 billion (2022)
Operating income
RMB 744,062,883,284 (2022)
Net income
RMB 16,117,549,650 (2022)
Total assets
RMB 990,107,381,169 (2022)
Number of employees
215,999 (2022)
Parent
Shanghai State-owned Assets Supervision and Administration Commission (62.69%)
Divisions
MG Motor
Roewe
Subsidiaries
List
SAIC Passenger Vehicle
SAIC Maxus
Rising Auto
Nanjing Automobile
IM Motors (54%)
Nanjing Iveco (30.1%)
SAIC Hongyan
Sunwin
SAIC-GM-Wuling (50.1%)
Wuling
Baojun
SAIC Volkswagen (50%)
SAIC-GM (50%)
SAIC Motor UK
SGMW Indonesia (74.92%)[1]
SAIC Motor-CP Thailand (51%)
JSW MG Motor India (65%)
SAIC USA
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 meaning
Shanghai Automotive Group Joint-stock Limited Corporation
Transcriptions
Standard Mandarin
Hanyu Pinyin
Shànghǎi Qìchē Jítuán Gǔfèn Yǒuxiàn Gōngsī
Abbreviation
Simplified Chinese
上汽集团
Traditional Chinese
上汽集團
Transcriptions
Standard Mandarin
Hanyu Pinyin
Shàngqì Jítuán
Website
saicmotor.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, namely: SAIC Motor, FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.[5]
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.[6] 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 vehicles under its own branding, such as IM, Maxus, MG, Rising Auto, and Roewe. 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.[7]
The company ranked 84th on the Fortune Global 500 list in 2023. Including SGMW, it is 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.[8]
^"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%
^"SAIC MOTOR CORPORATION LIMITED Annual Report 2022" (PDF). Retrieved 6 April 2024.
^"Sales Volume". SAIC Motor. Retrieved 6 April 2024.
^"SAIC Motor Corp. Ltd". Nikkei Asia.
^"2021全年汽车销量出炉，上汽卫冕，三家民营车企挤入前十_腾讯新闻".
^The home team: Indigenous carmakers are working their way up Archived 13 April 2011 at the Wayback Machine economist.com, 13 November 2008
^"SAIC Motor Continues to lead vehicle sales in China". SAIC Motor. 13 January 2022. Retrieved 2 April 2024.
^"World's Top 5 EV Automotive Groups Ranked by Sales: 2021".
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...
teams as SAIC downsized the SMTC in Longbridge. MG Morris Austin Wolseley SAICMotor UK was the major developer of MG and Roewe cars for SAIC. Its best...
MG Motor is an automotive brand owned by the Shanghai-based, state-owned carmaker SAICMotor. It is a continuation of the original MG marque, a British...
their resulting product helped SAIC Volkswagen achieve an 85 per cent local content rate by 1993. On 12 April 2002, SAICMotor renewed its contract with Volkswagen...
Motor India as China's SAIC dilutes holdings". Nikkei Asia. Retrieved 1 December 2023. "China's SAIC to dilute stake in MG Motor India, drive EV sales"...
Chinese automaker SAICMotor Corp., Ltd. (abbreviated as SAIC), under its brands of IM, Maxus, MG, Rising, Roewe. In light of SAIC's frequent practice...
IM Motors (Chinese: 智己汽车, Zhiji Motors) is an electric vehicle joint venture between Chinese automobile manufacturer SAICMotor and Chinese technology...
(2000–2006), Nanjing Automobile Group (2006–2011), and MG Motor, a subsidiary of SAICMotor, since 2011. 2019–2021 MG V80 2015–2019 MG GS 2013–2014 MG...
in 2014, as part of a deal between SAIC and SAICMotor-CP Co. Since April 2013, Kauffman Group-subsidiary Andes Motor is the official distributor of the...
pickup truck manufactured by SAICMotor under the Maxus brand since November 2016. It is the first pick-up truck from SAIC built for the global market...
Look up SAIC in Wiktionary, the free dictionary. SAIC may refer to: SAICMotor, a Chinese automaker formerly named Shanghai Automotive Industry Corporation...
The MG Cyberster is a battery electric roadster produced by SAICMotor under the MG marque since 2023. It was previewed as a concept car with the same...
the Maxus is manufactured by GAZ. In March 2011, the Chinese company SAICMotor launched a new commercial vehicle marque called Maxus, following its acquisition...
blamed SAIC for stealing technology related to hybrid vehicles from the company and failing to live up to its promise of continued investment. SAIC denied...
battery electric executive car produced by Chinese automobile manufacturer SAICMotor under the Rising Auto brand. It is the second product of the brand, and...
The Roewe Clever or SAIC Clever (科莱威) is an all-electric car that is manufactured by Chinese manufacturer SAICMotor, under Roewe marque. The Clever was...
The Roewe D7 is a mid-size sedan produced by SAICMotor under the Roewe brand. In August 2023, Roewe launched the D7, debuted in two drive variants the...
revealed that GM had sold a 1% stake in Shanghai GM to SAICMotor, effectively giving SAICMotor controlling interest in the venture. Additionally, GM...
R7) is a battery electric mid-size crossover SUV announced in 2021 by SAICMotor under the Rising Auto brand and on sale since 2022. The R7 was originally...
The Maxus D90 is a mid-size SUV produced by Chinese automaker SAICMotor under the sub-brand Maxus since October 2017. The Maxus D90 was previewed by the...
as well as under foreign-branded joint ventures such as SAIC-Volkswagen and SAIC-General Motors. In 2021, domestic-branded cars took 52% of sales. It also...
company SAICMotor for the MG brand, MG Motor also markets rebadged vehicles from SAIC such as Roewe and Maxus, and from corporate sibling SGMW (SAIC-GM-Wuling)...
market. According to SAIC, work on the vehicle was also done in China. In 2007, Ricardo was purchased by SAIC and renamed SAICMotor UK Technical Centre...
The Roewe i6 is a compact sedan produced by SAICMotor under the Roewe brand, succeeding the Roewe 550. The Roewe ei6 is the hybrid version of the i6....
The Maxus MIFA 9 is an electric minivan produced by SAIC Maxus, which launched on the Chinese car market in November 2021. The MIFA 9 is based on the same...
The Roewe RX5 is a compact crossover SUV that is manufactured by SAICMotor under the Roewe brand. The RX5 is available as a petrol-powered RX5 variant...
PT SGMW Motor Indonesia is a subsidiary owned by SAICMotor and SAIC-GM-Wuling. It is the first Chinese automotive company to build a manufacturing plant...
Global Information
5,020,865 vehicles (2023)