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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)
Headquarters	Anting, Shanghai, China
Area served	Worldwide
Key people	Wang Xiaoqiu (Chairman of the Board of Directors) Shen Xiaosu (Chairman of the Board of Supervisors) Jia Jianxu (President)
Products	Automobiles
Production output	5,020,865 vehicles (2023)
Revenue	CN¥ 505.06 billion (2022)
Operating income	CN¥ 744,062,883,284 (2022)
Net income	CN¥ 16,117,549,650 (2022)
Total assets	CN¥ 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%) SAIC Motor-CP Thailand (51%) JSW MG Motor India (49%)
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

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 ahead of FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with sales of 5.02 million vehicles in 2023.

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. 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 passenger vehicles under its own branding, such as Roewe, MG, Maxus/LDV, Rising Auto, and IM Motors. 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.

The company ranked 84th on the Fortune Global 500 list in 2023. Including SGMW, it was 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.

History

Origins to 2000

Although it has a long history, originating from an automobile assembly factory established in Shanghai sometime around World War II, SAIC, unlike domestic rivals FAW Group and Dongfeng Motors, has only recently attained a position of prominence in the Chinese vehicle industry. A small company in the 1970s, SAIC owes its rise to more than an increase in domestic demand for passenger vehicles. A cooperative agreement made with Volkswagen in 1984 followed by the formal establishment of Shanghai Volkswagen Automotive Co Ltd in March 1985 allowed it to produce competitive cars with foreign technology. Early success at SAIC were a result of guidance provided by local Shanghai authorities; at one time SAIC was simply an extension of the Shanghai Municipal government. For these two reasons and more, SAIC grew swiftly. In the 11 years leading to 1996, annual production capacity increased ten-fold to 300,000 units/year, and the company established itself as one of the leading Chinese automakers.

During this period, SAIC effectively built an entire modern automotive component supply chain in Shanghai from scratch, and the number and quality of locally produced auto parts rose significantly. Cars that were previously assembled in China from knock-down kits provisioned by Volkswagen became products built from parts produced in Shanghai, and between 1990 and 1996 the city more than doubled its contribution to the national output of automotive components. In 1987, the only local parts used in one car, the Volkswagen Santana, were tires, radio, and antenna, but by 1998 over 90% of the components used in its manufacture were locally sourced. A goal set by the Shanghai Municipal government, creation of a local parts industry is an example of the influence that the local government has had on the development of SAIC.

In June 1997, SAIC formed a second major joint venture, Shanghai General Motors Co Ltd, with General Motors. The new joint venture began operations in 1998, and helped to drive a doubling in SAIC's vehicle production between 2000 and 2004. SAIC also created joint ventures with component suppliers, such as the American Visteon.

2000 to 2010

At the start of the 2000s, SAIC made several acquisitions in Korea. In 2002 it participated in GM's purchase of Korean automaker Daewoo, acquiring a 10% stake in the newly formed GM Daewoo company for US$59.7 million, and in 2004 it also assumed control of an ailing South Korean automaker, SsangYong Motor, paying US$500 million for 48.9% ownership of the company. Around this time SAIC created a new holding company for its subsidiaries employed in passenger car production, Shanghai Automotive Group.

In the middle of the decade, SAIC attempted to acquire the British automaker MG Rover, but in 2005 was outbid by another Chinese automaker, Nanjing Automobile. SAIC did manage to obtain some MG Rover technology that was incorporated into a new line of luxury sedans sold under the Roewe marque, and it subsequently purchased the winning bidder.

While the company saw sales success in the late 2000s, with 2.72 million vehicles sold in 2009, its 2004 purchase of an ownership stake in a Korean SUV-maker, Ssangyong, soured. In January 2009, after an additional US$45 million was provided to it by SAIC, SsangYong Motor Company was placed into receivership in Korea. Courts might have mandated SAIC reduce its ownership, and by 2010 a 51.33% share of the Korean company had become a 10% one. The 2009 Ssangyong failure also saw riot police quell protesting Ssangyong workers who staged a 77-day-long sit in.

2010 to present

In 2010, SAIC produced 3.58 million units, the largest output of any China-based automaker that year.

In June 2010, Magneti Marelli and Shanghai Automobile Gear Works (SAGW) officially launched a new joint venture plant in the Jiading district near Shanghai, China. SAGW, the main Chinese manufacturer of transmissions for the automotive sector, is a subsidiary of SAIC Motor.

In February 2011, SAIC unveiled a new commercial vehicles marque, Maxus.

In 2011, SAIC produced 3.97 million vehicles, the largest output of any China-based automaker that year.

In 2012, SAIC retained its top spot among domestic rivals by producing around 3.5 million units.

In 2023, SAIC received the equivalent of US$560 million in state subsidies. In July 2023, Audi and SAIC Group announced their partnership that the EV platform from IM Motors will be introduced into Audi's electric models.

In September 2023, the European Commission (EC) launched an anti-subsidy investigation into Chinese electric vehicle manufacturers, including SAIC which exported electric vehicles in high volume under the MG brand to the region. In June 2024, the EC completed its investigation and announced new tariffs for Chinese-built electric vehicles (on top of an existing 10 percent tariff for all foreign-made vehicles regardless of engine type), which went into effect on 4 July 2024. Electric vehicles made by SAIC Motor would be subjected to the highest tariff of 38.1 percent. On 26 June, after receiving more information, the EU reduced the proposed tariffs from 38.1 percent to 37.6 percent for SAIC. The tariffs subjected to SAIC vehicles are the highest among Chinese electric vehicle manufacturers that are affected. SAIC released a statement condemning the decision, noting that the tariffs are a form of unfair market discrimination that went against the principles of free trade.

In July 2024, SAIC Motor issued a statement stating that it would formally request the European Commission to hold a hearing on the anti-subsidy investigation. The company claimed that the European Commission's investigation asked SAIC to disclose its commercially sensitive information including battery-related chemical formulas, which SAIC declined as it is beyond the scope of a normal investigation.

In November 2024, SAIC Motor Passenger Vehicle, the subsidiary of SAIC, announced to roll back the Rising Auto brand into Roewe, ending its history as an independent brand. Rising would turned into a premium electric product line under Roewe.

Mergers and company name-changes

The present-day SAIC is the product of numerous mergers and corporate restructurings.

• In December 1955, Shanghai Internal Combustion Engine Components Company was founded.
• In March 1958, Shanghai Internal Combustion Engine Components Company and Shanghai Powertrain Equipment Manufacturing Company were merged into Shanghai Powertrain Machinery Manufacturing Company.
• In January 1960, Shanghai Powertrain Machinery Manufacturing Company was renamed Shanghai Agricultural Machinery Manufacturing Company.
• In April 1969, Shanghai Agricultural Machinery Manufacturing Company was renamed Shanghai Tractor Industry Company. Shanghai Automobile & Tractor Company was established in July 1984.
• In March 1990, Shanghai Automobile & Tractor Company was renamed Shanghai Automotive Industry Corporation.
• In September 1995, Shanghai Automotive Industry Corp (Group) was founded.

• 2011–2021 logo of SAIC
• 1995–2011 logo of SAIC

Brands

SAIC sells vehicles under a variety of brands. Brands that are considered "self-owned" by SAIC include IM, Maxus, MG, Rising Auto, Roewe, Baojun, Wuling, Hongyan, and Sunwin.

IM

SAIC launched a luxury EV brand "IM" (dubbed "Zhiji Motor" in Chinese) jointly developed with Shanghai's Pudong New Area government and Alibaba on January 13, 2021. According to SAIC Motor, "IM" stands for Intelligence in Motion.

• IM L7
• IM LS7
• IM LS6

MG

MG Motor designs, develops and markets cars sold under the MG marque.

• MG 7
• MG 6 II
• MG HS

Roewe

Roewe was introduced by SAIC in 2006. It is sold in most export markets outside China under the MG Motor marque.

• Roewe D7
• Roewe RX5
• Roewe RX9

Rising Auto

Rising Auto was originally the "R Brand" in 2020, an offshoot of SAIC's Roewe brand for electric vehicles. It was operated as an independent brand since 2021 but rolled back into Roewe in 2024. It is currently positioned as Roewe's premium product line.

• Rising Auto R7
• Rising Auto F7

Maxus

Maxus was formed in 2011 following the acquisition of LDV Group by SAIC in 2010, and produces MPVs, pickup trucks, and SUVs for both domestic sale and global export.

• Maxus G20
• Maxus T70
• Maxus D60

Wuling/Baojun (SAIC-GM-Wuling)

A joint venture between SAIC, General Motors, and Guangxi Automobile Group (previously Wuling Group) Based in Liuzhou, Guangxi Zhuang Autonomous Region, in southwestern China, it makes commercial and consumer vehicles sold in China under the Wuling and Baojun brands. SGMW has recently found great success as an electric vehicle manufacturer — in 2021, the venture's Wuling Hongguang Mini EV city car was the best-selling electric car in China by volume.

• Wuling Asta
• Wuling Hongguang Mini EV
• Baojun E300

Hongyan

SAIC Hongyan was established in January 2003 as Chongqing Hongyan and traces its origins back to a Chinese manufacturer established in 1965. The company is focused on producing heavy trucks.

• Hongyan Genlyon

Sunwin

SAIC Sunwin is a brand specialized in producing passenger buses and trolleybuses.

• Sunwin iev10
• Sunwin SWB6120V4LE, based on Volvo B7RLE chassis

Nanjing Iveco Auto Co Ltd (New Naveco)

In 2021, SAIC announced an increase in its holdings of Nanjing Iveco (Naveco). SAIC's subsidiary, Nanjing Automobile Group holds a 50% stake, while SAIC itself holds 30.1%, and IVECO S.P.A. holds 19.9%. SAIC's ownership of Naveco has now risen to 80.1%, making the Italian brand a strategic investor.

• Iveco Daily Ousheng

Joint ventures

SAIC participates in cooperative efforts with foreign automakers that see the products of large international companies such as General Motors and Volkswagen made and sold in China.

SAIC Volkswagen Automotive

A joint venture between SAIC and Volkswagen Group. It was founded in 1984 and produces cars under the Volkswagen, Skoda, and Audi brands.

• Volkswagen Lavida
• Skoda Octavia Pro
• Audi A7L

SAIC General Motors

This joint venture between SAIC and General Motors manufactures and sells Chevrolet, Buick, and Cadillac brand automobiles in Mainland China.

• Chevrolet Menlo
• Buick Enclave II
• Cadillac CT6

SAIC-Charoen Pokphand

SAIC produces MG Motors vehicles through this joint venture with Charoen Pokphand for their Thailand subsidiary.

Technomous

Established with Austrian technology provider TTTech in 2018 for Intelligent and Autonomous Driving solutions.

Sales

Overseas markets

UK

On 13 April 2011, vehicle assembly resumed at the MG Motor UK Longbridge plant as the first MG 6 to be produced in the United Kingdom came off the production line, but ended in 2016 when SAIC moved production to China. It retains a technical subsidiary SAIC Motor UK on site.

Philippines

On July 19, 2023, SAIC's Philippines subsidiary SAIC Motor Philippines, Inc. has appointed the new distributor and importer of MG vehicles and services in the country with launch of the all-new 2024 MG4 EV and MG Marvel R for the local market by October 2023. Aside from importation, distribution, and aftersales operations, SMP’s functions also include the management of MG’s dealership network in the Philippines. This is currently composed of 42 authorized dealer locations and the addition of four more dealerships before the close of 2023, and a goal to have 60 MG dealerships running by 2025.

US

In June 2012, SAIC's United States-based subsidiary Shanghai Automotive Industries Corp USA, Inc. opened a new North American Operations Center in Birmingham, Michigan. The opening ceremony was attended by Rick Snyder, Governor of Michigan, Oakland County Executive L. Brooks Patterson, and senior executives from General Motors and SAIC Motor. The 30,000-square-foot, three-story facility will house nearly 100 staff and focus on sourcing components.

Facilities

SAIC has numerous production facilities in China, including sites in: Chongqing, Liuzhou, Qingdao, Shanghai, Shenyang, and Yantai. It also had an assembly plant in the United Kingdom, the Longbridge plant. It also has a plant in Chonburi, Thailand, Cikarang, Indonesia, and Halol, India.

Research and development

SAIC operated a large research and development centre in the United Kingdom, the SAIC Motor UK Technical Centre, which as of 2012 employed around 275 engineers and 25 designers. The UK Technical Centre was the principal site worldwide for the development of MG cars, also playing a major role in the development of Roewe products. However in June 2019, SAIC Motor closed the UK Technical Centre making over 300 engineers redundant in the process.

See also

• Automobile manufacturers and brands of China
• List of automobile manufacturers of China

• Automotive industry in China

Notes

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External links

• Official website

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v t e « previous — MG timeline, 2000s–present Type 2000s 2010s 2020s 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 Manufacturer MG Rover NAC MG SAIC Motor (MG Motor) Supermini MG 3 SW MG 3 MG 3 Small family car ZR 350/360 MG5/e5/EP MG5/GT MG5 MG Mulan/4 EV Large family car ZS MG6 (IP22) MG6 (IP32) 550 Executive car ZT MG7 MG7 750 Roadster F TF TF Sports car XPower SV Subcompact crossover ZS Compact crossover GS HS/Pilot RX5 RX5 Hector One Mid-size SUV RX8 Gloster Pickup Extender Van V80 v t e Cars manufactured by BL Austin Rover, BL Land Rover, Rover Group, MG Rover, NAC MG, MG Motor, LDV, Austin-Vanden Plas and Rover-Vanden Plas from 1980 onwards Type 1980s 1990s 2000s 2010s 2020s 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 Ownership BL plc / Rover Group British Aerospace BMW Phoenix Venture Holdings Nanjing Auto / SAIC Group name BL Cars Austin Rover Group / Land Rover Group Rover Group MG Rover Group NAC MG / MG Motor City car Mini Mini was acquired by BMW in 2000 Supermini Austin Metro Rover Metro Rover 100 CityRover MG 3 SW MG 3 Austin Allegro Austin Maestro / Rover 200 (SD3) Rover 200 (R8) Compact Triumph Acclaim Rover 400 (R8) Rover 200 (R3) Rover 25 / MG ZR MG 5/GT MG 5 Rover Streetwise MG 350/MG 360 MG 5/e5/EP Austin Maxi Austin Montego Rover 400 (HH-R) Rover 45 / MG ZS MG 6 (IP22) MG 6 (IP32) MG 550 Large family car Morris Ital Rover 600 Rover 75 / MG ZT MG 7 MG 7 Princess Austin Ambassador MG 750 Executive Rover SD1 Rover 800 (XX) Rover 800 (R17) Coupé Rover 200 Coupé Sports car Triumph TR7 MG RV8 MG F MG TF MG TF Triumph TR8 MG SV Subcompact crossover MG ZS Compact crossover MG GS MG HS/Pilot MG RX5 Hector MG One Off-road and SUV Land Rover SIII Land Rover 90/110 Land Rover Defender Land Rover was acquired by Ford in 2000, now owned by Tata Range Rover Classic Range Rover Land Rover Discovery Land Rover Freelander MG RX8 LDV D90/MG Gloster Pickup MG Extender/LDV T70/T70 Pro/T60 D90 LDV T60 Van LDV EV30 LDV Cub LDV G10/MG G10 LDV Maxus LDV V80/MG V80 Leyland Sherpa/Morris Sherpa Freight Rover Sherpa Freight Rover 200 Series Leyland-DAF 200 Series LDV Pilot Freight Rover 400 Series Leyland-DAF 400 Series LDV Convoy LDV V90 v t e Automotive industry in China Automotive industry Economy of China Transport in China Chinese vehicle manufacturers Current Aiways Aoxin BAIC Group Arcfox BAIC BluePark Stelato BAW Foton Yinxiang Group Baoneng Motor BeiBen BeyonCa Brilliance Auto Group Brilliance Jinbei SWM BYD Company BYD Denza Fangchengbao Songsan Yangwang Changan Avatr Deepal Tiger Truck CHTC Motor Bonluck Bus Chery Cowin Exeed iCar Jaecoo Jetour Karry Luxeed Omoda Soueast Ciwei CNJ Dayun Group Dayang Dayun Dial EV Dongfeng DFAC Dongfeng Motor Group Dongfeng Liuzhou Forthing/Dongfeng Fengxing Jingyi Dongfeng Fengshen Dongfeng Nammi Dongfeng Nengdi Dongfeng Xiaokang Voyah Evergrande New Energy Auto Hengchi FAW Bestune FAW Bus and Coach FAW Car FAW Jiefang Hongqi Fujian Motors King Long Golden Dragon Higer Bus GAC Aion Denway GAC Bus Hycan Trumpchi Geely CAMC Geely Auto Lynk & Co Zeekr Jidu Ji Yue Lifan Livan Radar Tangjun Ou Ling Great Wall Haval Ora Tank Wey GreenWheel EV Grove Haima Hawtai Heibao Henrey Hozon Human Horizons HiPhi JAC Ankai Maextro Jiangling Investment JMC JMC Heavy Duty Vehicle JMC Yusheng Jiangling Motor Holding Jintan Auto Group JMCG Jingma Motor Jonway Joylong Kandi Kawei Kingstar Leapmotor Lichi Li Auto Lishan Bus Mudan Auto Min'an Electric Nanjing Golden Dragon Bus Skyworth Auto Nio Firefly Onvo Niutron Qiantu Qingling Qingyuan Auto Rox Motor SAIC IM Motors Maxus MG Rising Auto Roewe Sunwin SG China Flxible Huanghai Bus Shacman Shandong Huoyun Sinogold Sinotruk Sinotruk (Hong Kong) Seres Group Seres AITO Seres Hubei Suda Sunlong Bus Techrules Tengzhong Thunder Power Wanshan Wanxiang Weichai Weltmeister WindBooster Wuzheng Wuzhoulong Xiaomi Auto Xinkai XPeng Foday Yaxing YTO Group Yudo Yutong Zedriv Zhongtong Zotye Jiangnan Automobile ZX Auto Former Baolong Bordrin Borgward Group Byton Chang Jiang EV Changfeng Changhe Changzhou Changjiang Bus Dadi Dorcen Emgrand Enovate Etsong EuAuto Technology FAW Jilin Tianjin FAW Gonow Hafei Hanteng Hunkt Huali Huaxiang Fuqi Huayang Huoyun JMCGL JTC Landwind Levdeo Yema Maple/Shanghai Maple Nanjing Oshan Polarsun Qoros Rayttle Riich Senova Shengyang Shenfei Shuanghuan Red Star Singulato SiTech Gyon Soar Wanfeng Weiwang Yangcheng Auto Yangtse Youngman Youxia Motors Sino-foreign joint venture vehicle manufacturers Current Beijing Benz Beijing Hyundai BMW Brilliance Zinoro Changan Ford Changan Mazda Chery Jaguar Land Rover Dongfeng Honda Ciimo Dongfeng Nissan Infiniti Venucia Dongfeng Peugeot-Citroën Dongfeng Yueda Kia FAW-GM FAW Toyota FAW-Volkswagen Jetta Fujian Benz Fukang GAC Hino GAC Toyota GAC Honda Everus JAC Volkswagen Sehol Jiangxi Isuzu JMEV Mobilize Naveco Renault Brilliance Jinbei Huasong Jinbei SAIC-GM SAIC-GM-Wuling Baojun Wuling SAIC Hongyan SAIC Volkswagen SDLG Silk-FAW Spotlight Automotive Former Dongvo Changan Ford Mazda Changan PSA Changan Suzuki Changzhou Iveco Dongfeng Fengdu Dongfeng Renault Dongfeng Yulon Europestar GAC Fiat Chrysler GAC Mitsubishi Guangzhou Peugeot Leahead Nanjing Fiat Ranz Sanjiang Renault Shenfei Hino Subsidiaries of foreign companies Honda Automotive Volkswagen Group China Tesla China (Giga Shanghai) Other Plug-in electric vehicles in China Auto China Auto Guangzhou Auto Shanghai Automechanika China Association of Automobile Manufacturers TJ Innova Wanxiang Weichai Power Zhongsheng N.B. Only companies and organisations from Mainland China and Hong Kong are included Category v t e Constituents of the SSE 50 Index (as of 23 February 2024) China Petroleum & Chemical Corporation CITIC Securities Sany Heavy Industries China Merchants Bank Poly Real Estate China United Network Communications Limited TBEA Co., Ltd. SAIC Motor China Northern Rare Earth China CSSC Holdings Limited Jiangsu Hengrui Pharmaceuticals Wanhua Chemical Group NARI Technology Zhangzhou Pientzehuang Pharmaceutical Tongwei Company Kweichow Moutai Haier Smart Home Shanxi Xinghuacun Fen Wine Factory Yili Group AECC Aviation Power China Yangtze Power China Three Gorges Renewables LONGi Green Energy Technology China Shenhua Energy Industrial Bank Shaanxi Coal Industry Agricultural Bank of China Ping An Insurance China Railway Group Limited Industrial and Commercial Bank of China China Pacific Insurance Company China Life Insurance Great Wall Motor Company China State Construction Engineering Power Construction Corporation of China China Telecom PetroChina China Tourism Group Duty Free Corporation Zijin Mining Group Cosco Shipping WuXi AppTec Foshan Haitian Flavouring & Food Co Will Semiconductor Zhejiang Huayou Cobalt GigaDevice Beijing Kingsoft Office Software Trina Solar Hygon Information Technology Semiconductor Manufacturing International Corporation

• Companies in the SSE 50 Index
• SAIC Motor
• Vehicle manufacturing companies established in 1955
• Companies based in Shanghai
• Companies in the CSI 100 Index
• Companies in the FTSE China A50 Index
• Companies listed on the Shanghai Stock Exchange
• Car manufacturers of China
• Government-owned companies of China
• Multinational companies headquartered in China
• Chinese brands
• 1955 establishments in Shanghai