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. It is now actively promoting the commercialization of new energy vehicles (NVEs) and internet connected vehicles (ICVs), and exploring the R&D and industrialization of intelligent technologies such as smart driving.
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 SAIC Passenger Vehicle Branch, SAIC Maxus, IM MOTORS, Rising Auto, SAIC Volkswagen, SAIC General Motors, SAIC-GM-Wuling, NAVECO, SAIC-IVECO Hongyan and Sunwin.
Faced with severe challenges such as the COVID-19 pandemic, shortages of chips, power rationing, and soaring raw material prices, SAIC Motor maintained stable vehicle sales last year. The carmaker sold 5.46 million vehicles and delivered 5.81 million vehicles in 2021, a year-on-year increase of 5.5 percent, ranking first in China for 16 consecutive years.
SAIC Motor sold nearly 2.86 million self-branded vehicles, a year-on-year increase of 10 percent, and accounted for 52.3 percent of the group's total sales, exceeding 50 percent for the first time. Sales of NEVs reached 733,000, increasing 128.9 percent year-on-year, ranking first in China and in the top three globally. SAIC Motor ranked first among Chinese auto companies in overseas sales for the sixth straight year, selling 697,000 vehicles, up 78.9 percent year-on-year.
In August 2022, business magazine Fortune released its latest Global 500 list, and SAIC Motor ranked 68th with a total revenue of $120.9 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 nine consecutive years.
Looking ahead, SAIC Motor will keep pace with technological progress, market evolution, and industry changes while accelerating its innovative development 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.