Company Details
Shanghai Automotive Group Co., Ltd. (referred to as "SAIC Group", stock code 600104) achieved overall listing in 2011. The group achieved batch sales of 4.013 million vehicles and retail sales of 4.639 million vehicles throughout the year. Among them, the sales of domestic brands reached 2.741 million units, accounting for nearly 60% of the total sales. The sales of new energy vehicles reached 1.368 million units, a year-on-year increase of 30%. The overseas market sales were 1.082 million units, further expanding the group's "double million" scale. In August 2024, SAIC Motor Corporation ranked 93rd on the Fortune Global 500 list with a combined revenue of $105.2 billion for the year 2023, continuing to lead the Chinese automotive industry on this list.
At present, SAIC Group's business mainly covers the fields of complete vehicles, parts, mobile travel and services, finance, international operations, innovative technology, etc., forming a business pattern with complete vehicle business as the leader, and six major sectors closely coordinated, mutually empowered, and integrated for development.
SAIC Group has established 15 vehicle bases and supporting parts and logistics bases in Northeast, East, South, Southwest, Central South, and Northwest regions, serving local users and effectively driving local economic and social development. At the same time, we have actively participated in the construction of the "the Belt and Road", initially built a global market oriented automotive industry chain integrating research and development, manufacturing, marketing, finance, logistics, etc., set up four overseas vehicle manufacturing bases, and products and services have entered more than 100 countries and regions in the world.
Looking to the future, SAIC Group will firmly grasp the direction of technological progress, market evolution, and industry transformation trends, strive to improve performance, and deepen the deployment and promotion of innovation chain construction. In the process of restructuring the global automotive industry value chain, we will make every effort to seize favorable positions and high points, accelerate business transformation and upgrading, and take big steps towards becoming a world-class automotive enterprise with global competitiveness and influence.
[Company Official Website] https://www.saicmotor.com
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