SAIC Motor is the largest auto company on China's A-share market (Stock Code: 600104.SH) with a total equity of 11.683 billion shares. SAIC Motor is striving to grasp the development trend of the industry, accelerate innovation and transformation, and grow into a comprehensive provider of auto products and mobility services from a traditional manufacturing enterprise.
SAIC Motor's business covers the research, production and sales of both passenger and commercial vehicles. SAIC Motor is actively promoting the commercialization of new energy vehicles and connected cars, exploring the research and industrialization of intelligent technology. SAIC Motor is also engaged in the R & D, production and sales of auto parts; auto-related services such as logistics, e-commerce, mobility and new energy service; auto-related finance, insurance and investment; overseas business and international trade; and big data and artificial intelligence.
SAIC Motor's affiliated OEMs include SAIC Passenger Vehicle Branch, SAIC Maxus, SAIC Volkswagen, SAIC General Motors, SAIC-GM-Wuling, Naveco, SAIC-IVECO Hongyan and Sunwin.
In 2018, SAIC Motor achieved a sales volume of 7.05 million (1.75% Y-Y growth) and accounted for 24.1% of the Chinese market, making itself the first Chinese auto company with annual sales over 7 million. With consolidated revenue of $136.39 billion, SAIC Motor took the 39th place on the 2019 Fortune Global 500 list, ranking 7th among all auto makers on the list and 10th among all Chinese companies.
Looking ahead, SAIC Motor will continue to promote innovation and explore closer integration of the auto industry and cutting edge technologies such as new energy, artificial intelligence and 5G communications, so as to master more core technologies, strengthen overall capacity and make strides towards a world-famous auto company with overseas operations, international competitiveness, and strong brand influence.