SAIC Motor
SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, 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.
SAIC Building, which is the administration headquarters, Jing'an District | |||||||
Native name | 上海汽车集团股份有限公司 | ||||||
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| Company type | State-owned | ||||||
| SSE: 600104 | |||||||
| Industry | Automotive | ||||||
| Founded |
1995 as Shanghai Automotive Industry Corp. (Group) 2011 as SAIC Motor Corporation Limited | ||||||
| Headquarters | , China | ||||||
Area served | Worldwide | ||||||
Key people | |||||||
| Products | Automobiles, commercial vehicles | ||||||
Production output | 5,400,000 units (2021) | ||||||
| Revenue | RMB 796,180,000,000 billion (2020) | ||||||
| RMB 20,431,037,480 (2020) | |||||||
| Total assets | RMB 919,414,755,790 (2020) | ||||||
Number of employees | 204,815 (2020) | ||||||
| Parent | Shanghai's State-owned Assets Supervision and Administration Commission (71.2%) | ||||||
| Divisions | |||||||
| Subsidiaries | List
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| 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 | ||||||
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| Abbreviation | |||||||
| Simplified Chinese | 上汽集团 | ||||||
| Traditional Chinese | 上汽集團 | ||||||
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| Website | saicmotor.com | ||||||
The company produces and sells vehicles under its own branding, such as IM, Maxus, MG, Rising, Roewe, Baojun (under SGMW), Wuling (under SGMW), as well as under foreign-branded joint ventures such as SAIC-Volkswagen (Volkswagen, Audi, Škoda) and SAIC-General Motors (Buick, Chevrolet, Cadillac). In 2021, domestic-branded cars took 52% of sales.
It is currently a Fortune Global 100 company, ranked 60 on the list. Including SGMW, it is also the third largest plug-in electric vehicle (BEV and PHEV) company and second largest BEV company in the world, with 10.5% and 13% global market share respectively in 2021, selling under brand names such as Wuling, Baojun, Maxus, MG, Roewe and Rising.
SAIC 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. Currently, it participates in the oldest surviving sino-foreign car making joint venture, with Volkswagen, and in addition has had a joint venture with General Motors since 1998. SAIC products sell under a variety of brand names, including those of its joint venture partners. Two notable brands owned by SAIC itself are MG, a historic British car marque, and Roewe.