SAIC engine
| SAIC Motor Corporation Limited
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CNE000000TY6 |
| founding | 1978 |
| Seat | Shanghai , China |
| management |
|
| Number of employees | 180,749 (2017) |
| sales | US $ 136.57 billion (2017) |
| Branch | Automotive industry |
| Website | www.saicgroup.com |
The SAIC Motor Corporation Limited ( SAIC previously Shanghai Automotive Industry Corporation) is according to the state 2010, the largest Chinese group of manufacturers of cars, motorcycles and auto parts.
It is already a cooperation partner of General Motors and Volkswagen in China. At the end of 2004 it took over 48.9% of the South Korean car manufacturer SsangYong Motor Company . This happened as part of the company's current expansion policy, which is increasingly trying to reach international markets. Also at the end of 2004 it showed interest in the ailing MG Rover Group , whereby negotiations in spring 2005 failed. Independent of this, SAIC acquired licenses for the now expired Rover 75 and Rover 25 models for production in China, which have been given the name Roewe since October 2006, slightly modified . After the takeover of Nanjing Automobile Group a year later, the MG brand also belongs to SAIC.
In 2015, SAIC produced 5.901 million vehicles and employed around 163,817 people. With a turnover of 136.6 billion US dollars and a profit of 5.4 billion US dollars, SAIC ranks 80th among the world's largest companies according to Forbes Global 2000 (as of FY 2017). The company had a market capitalization of approximately USD 64 billion in mid-2018.
The current chairman of the company is Chen Zhixin and the president is Chen Hong.
Subsidiaries, joint ventures and holdings
SAIC subsidiaries include:
- Shanghai Auto Works
- Shanghai Sunwin Bus Corporation (SUNWIN): A joint venture between SAIC and Volvo . Buses are being made.
- Shanghai Xingfu Motorcycle manufactures motorcycles.
- Shanghai Tractor & Internal Combustion Engine Corporation
- SAIC Volkswagen is the cooperation with Volkswagen AG established in plants in Shanghai . Here u. a. the VW Santana produces for the Chinese market.
- SAIC General Motors is the joint venture between SAIC and General Motors .
- Yanfeng Visteon is the joint venture between SAIC and originally Ford or, since 2002, the Ford subsidiary Visteon
- SAIC GM Wuling (SGMW) is a joint venture between SAIC (50.1%), General Motors (44%) and Liuzhou Wuling Motors (5.9%), which sells commercial vehicles and minivans under the Wuling brand and passenger cars under the Baojun brand manufactures.
- SA-Yizheng Automotive
- SsangYong Motor Company (SAIC holds 48.9% since late 2004)
- Etsong (Qingdao) Vehicle Manufacturing ; produces vehicles under the brand names Etsong and Yema (owned by SAIC since 2005)
- MG (Chinese car brand) merged with Nanjing Automobile Group in 2007 to become SAIC, former British Leyland Motor Corporation brand
- Roewe , Rover surrogate with ingredients from Rover's bankruptcy
- Nanjing Automobile Group (since late 2007)
- Maxus car brand for commercial vehicles and passenger cars
Web links
- Company website (English and Chinese)
Individual evidence
- ↑ a b c SAIC Motor on the Forbes Global 2000 List . In: Forbes . ( forbes.com [accessed July 18, 2018]).
- ↑ SAIC Motor in the Investor Relations section. In: www.saicgroup.com. Retrieved October 25, 2016 .
- ↑ SAIC Motor in the About us section. In: www.saicgroup.com. Retrieved October 25, 2016 .