SAIC Motor is the largest auto company listed on China’s A-share market (Stock Code: 600104). As a leading auto maker in China, SAIC Motor is striving to lead the industry’s development trends, accelerate innovation and transformation, and evolve from a traditional manufacturing enterprise to a comprehensive provider of auto products and mobility services.
Currently, SAIC Motor’s main businesses cover the R&D, production and sales of both passenger and commercial vehicles. Targeting the carbon peaking and carbon neutrality goals, and the new trends in the automotive industry, SAIC Motor has beefed up its efforts to bolster the development of NEVs and ICVs. SAIC Motor is also engaged in the R&D, production, sales of auto parts, (including power drive systems, chassis, interior and exterior trims, and the core components and smart product systems of NEVs such as batteries, electric drives and power electronics), auto-related services such as logistics, e-commerce, energy-saving and charging technology, and mobility services, auto-related finance, insurance and investment, overseas business and international trade, big data and artificial intelligence.
SAIC Motor’s subordinate companies include IM MOTORS, SAIC Passenger Vehicle Branch, Rising Auto, SAIC Volkswagen, SAIC General Motors, SAIC-GM-Wuling, SAIC Maxus, NAVECO, SAIC LDT and Sunwin.
In 2022, SAIC Motor sold more than 5.3 million vehicles, ranking first in China for 17 years in a row; sales of the carmaker’s self-owned brands exceeded 2.78 million units, accounting for 52.5 percent of its total sales; sales of its new energy vehicles (NEVs) exceeded 1.07 million units, up 46.5 percent year-on-year; while its overseas sales hit a record high of over 1.01 million units, up 45.9 percent year-on-year, helping it retain the top spot among China’s carmakers for seven consecutive years. SAIC Motor became the first Chinese carmaker with both its annual NEV sales and overseas sales exceeding one million.
In August 2023, business magazine Fortune released its latest Global 500 list, and SAIC Motor ranked 84th with a total revenue of $110.6 billion, continuing to lead Chinese auto companies on the list. SAIC Motor made the list for the first time in 2004, and ranked in the top 100 in 2014. Since then, it has remained among the top 100 for ten consecutive years.
Looking ahead, SAIC Motor will keep pace with technological progress, market evolution, and industry changes while accelerating its strategy in the fields of electrification, intelligent connectivity, sharing, and globalization. It will not only strive to improve its performance, but also build an innovation chain to upgrade its business, so as to come out on top in the restructuring global automotive industry. The company also plans to accelerate its business transformation and upgrading, and make great strides towards becoming a world-class auto company with international competitiveness and a strong brand influence.
SAIC Motor
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
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
Nanjing Automobile
Nanjing Auto merged with SAIC in 2007 becoming a subsidiary.
Beginning in 1958, with the establishment of Nanjing Automobile Works, Nanjing Auto began making China’s first domestically produced light-duty trucks. Truck production continued until July 1987
In 1983, Nanjing Auto imported designs, molds and technical assistance from Japan’s Isuzu to introduce the manufacture of small diesel trucks and obtained technology from the Italian Iveco, the commercial vehicle unit of Fiat, to produce a version of the Iveco Daily.
In 1999, SEAT’s Ibiza was purchased and the car sold in China as the Nanjing Yuejin Soyat
In 2005 Nanjing Auto acquired some assets of MG Rover Group and Powertrain Ltd after the group had entered administration. According to the purchase agreement, Nanjing Auto bought MG, Austin, and some other dormant British car brands, and the production technology and equipment for the MG ZT and MG TF models. Some equipment and blueprints were repossessed by Honda, as its intellectual property is used in some of MG Rover vehicles, in particular, the Rover 45 and MG ZS, which were based on the Honda Domani. Nanjing Auto purchased the remaining assets of British group MG Rover for near US$100 million
In 2007, Nanjing Auto planned to build 13,000 cars
Car brands owned by Nanjing Auto include:
– Soyat : the Nanjing Yuejin Soyat, a Chinese version of the first generation SEAT Ibiza
– MG (MG Rover Group and Powertrain Ltd assets acquired by Nanjing Auto include other brands,
Wolseley, Austin, Morris, Vanden Plas (outside the US & Canada), American Austin, Princess and Sterling)
– Yuejin: commercial vehicle brand