SAIC Motor is the largest auto company listed on Chinas A-share market (Stock Code: 600104). It is striving to get ahead of the industrys development trends, accelerate innovation and transformation, and grow from a traditional manufacturing enterprise into a comprehensive provider of auto products and mobility services.
SAIC Motors business covers the research, production and sales of both passenger and commercial vehicles. It is actively promoting the commercialization of new energy vehicles and connected cars, and exploring the research and industrialization of intelligent technologies such as smart driving.
SAIC Motor is also engaged in the R&D, production and sales of auto parts (including power drive systems, chassis, interior and exterior trims, and the core components and smart product systems of new energy vehicles 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 Motors subordinate companies include SAIC Passenger Vehicle Branch, SAIC Maxus, IM MOTORS, SAIC Volkswagen, SAIC General Motors, SAIC-GM-Wuling, NAVECO, SAIC-IVECO Hongyan and Sunwin.
In 2020, SAIC Motor sold 5.6 million finished vehicles, ranking first in China for the past 15 years. The figure includes 2.6 million self-branded vehicles, accounting for 46.4 percent of the total, 320,000 new energy vehicles, and 390,000 exported vehicles.
Looking to the future, SAIC Motor will keep pace with technological progress, market evolution, and industry changes while accelerating its innovative development strategy in the fields of electricity, intelligent networking, sharing, and internationalization. It will not only strive to improve performance but also build an innovation chain to upgrade its business so as to come out on top in the restructuring global automotive industry and make strides towards becoming a world-class auto company with international competitiveness and strong brand influence.