SAIC Motor

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Shanghai Automotive Industry Corporation Motor Corporation Limited
Native name
Company typeState-owned
SSE: 600104
  • 1955; 69 years ago (1955) as Shanghai Internal Combustion Engine Components Company

1995; 29 years ago (1995) as Shanghai Automotive Industry Corp. (Group)

2011; 13 years ago (2011) as SAIC Motor Corporation Limited
Area served
Key people
  • Chen Hong
  • (Chairman of the Board of Directors)
  • Shen Xiaosu
  • (Chairman of the Board of Supervisors)
  • Wang Xiaoqiu
  • (President)
ProductsAutomobiles, commercial vehicles
Production output
5,400,000 units (2021)[1]
RevenueCN¥ 796,180,000,000 billion (2020)[2]
CN¥ 20,431,037,480 (2020)
Total assetsCN¥ 919,414,755,790 (2020)
Number of employees
204,815 (2020)
ParentShanghai's State-owned Assets Supervision and Administration Commission (71.2%)[3]
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 meaningShanghai Automotive Group Joint-stock Limited Corporation
Simplified Chinese上汽集团
Traditional Chinese上汽集團

SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a renowned automotive brand that offers a wide range of products and services. With a strong presence in the global market, SAIC Motor is known for its commitment to innovation, quality, and sustainability.

History[change | change source]

SAIC began operations in 1955 as one of the first Chinese automotive companies.[4] In Maoist China it focused on the production of one of the first cars of local design in the form of the Shanghai SH760 limousine line produced from 1964 to 1991.[5]

The first cooperation with foreign capital, which made its technology available to SAIC, was established in 1984 through an agreement with the German Volkswagen,[6] establishing the first joint-venture - Shanghai-Volkswagen. The breakthrough year was 1978, when, as part of the opening of the Chinese economy, purchasing foreign production lines and obtaining approval from state authorities for investment outlays.[7]

The 1990s brought intensive development to the SAIC concern in terms of expenditure on the production of local variants of Volkswagen models, as well as partnerships with other foreign concerns. In 1997, another joint-venture was established in the form of the SAIC-GM alliance, which enabled the start of operations in China of American General Motors brands such as Buick and Cadillac and then also Chevrolet.[8]

In 2004, SAIC Motor decided to buy its first foreign company, acquiring the South Korean SUV manufacturer SsangYong Motor in 2004,[9] managing it for the next year 2010, after which there were conflicts of interest and allegations of intellectual property theft[10] the cooperation ended with the sale of the South Korean manufacturer to the Indian Mahindra.[11]

Acquisition of MG Rover Group[change | change source]

At the beginning of 2005, SAIC Group established cooperation with the crisis-ridden British concern MG Rover Group, obtaining the rights to launch the production of the Rover 25 and 75 models in China.[12] The crisis of the consortium from Longbridge managing the MG and Rover brands ended in bankruptcy in the second quarter of 2005, and the bankruptcy estate was put up for auction. SAIC was interested in purchasing it, but the offer was ultimately outbid by another Chinese company, Nanjing Automobile, which acquired the group in July 2005.[13]

Thanks to the cooperation concluded shortly before the bankruptcy of MG Rover Group, SAIC retained the rights to introduce its first own brand Roewe, which was a direct continuation of the British Rover brand. Its first model was a modernized Rover 75 under the name Roewe 750.[12] In 2007, SAIC decided to merge with the previously competitive concern Nanjing Automobile,[14] thanks to which Roewe was also joined by a second brand with British origins in the form of MG Motor, which was a continuation of the former British MG Cars.

LDV and Maxus[change | change source]

At the end of 2009, SAIC Group decided to acquire another bankrupt British automotive company LDV Group, taking over the rights to produce the only vehicle produced by this company in the form of a commercial vehicle LDV Maxus.[15] The car returned to production in China in 2011 under the new Maxus brand, which, analogously to Roewe and MG, took on the role of a direct continuation of the former British LDV.[16]

In the following years of the second decade of the 21st century, the offer of Maxus, the third independent brand of the SAIC concern, became diversified, in addition to commercial vehicles, also introducing SUVs into production[17] and pickup.[18] In 2016, the LDV brand returned to the market as LDV Automotive, which took over as the export name for Maxusa products for the UK and Australian markets.[19]

Global expansion[change | change source]

After gradually developing its foreign operations, including in South America, at the turn of the 2010s and 2020s, SAIC began to expand into large global markets such as Western Europe,[20] East Asia, India[21] or Australia[22] using the MG brand.

In line with its expansion, SAIC actively pursues a badge engineering policy, diversifying MG's offering with Roewe products in the Middle East and East Asia, Maxus in India and Thailand, as well as Roewe and Rising Auto in the Western European market.[23] In July 2023, SAIC entered into a strategic partnership with Audi, lending its electric vehicle platform to IM Motors. In this way, the German company saved on the subsequent costs of building models for the Chinese market by using local technology.[24]

Brands[change | change source]

SAIC sells vehicles under a variety of brands. Brand names that are exclusive to SAIC include IM, Maxus, MG, Rising, Roewe, Baojun, Wuling, Hongyan, Sunwin[25]

IM[change | change source]

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.[26]

MG[change | change source]

MG Motor designs (in UK and Shanghai), develops and markets cars sold under the MG marque while vehicle manufacturing takes place at its factories in China, Thailand, Indonesia and India. MG Motor is the largest importer of Chinese made cars into the United Kingdom.

Rising Auto[change | change source]

Rising Auto (Feifan, 飞凡汽车), formerly R Brand,[27] is an offshoot of SAIC's Roewe brand dedicated to new energy vehicles and intelligent vehicles.[28] Early products are rebadged Roewes with the R7 crossover being the first original product. The upcoming following product is the F7 compact executive sedan.

Roewe[change | change source]

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

Maxus[change | change source]

Maxus was formed in 2011 following the acquisition of LDV Group by SAIC in 2010,[29] and produces MPVs, pickup trucks, and SUVs for both domestic sale and global export.

Wuling/Baojun (SAIC-GM-Wuling)[change | change source]

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 — as of 2021, the venture's Wuling Hongguang Mini EV city car is the best-selling electric car in China by volume.[30]

Hongyan[change | change source]

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.[31]

Sunwin[change | change source]

SAIC Sunwin is a brand specialized in producing passenger buses[32] and trolleybuses.[33]

Nanjing Iveco Auto Co Ltd ("New Naveco")[change | change source]

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.[34]

Joint ventures[change | change source]

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.

The following is only a partial list.

Shanghai Volkswagen Automotive[change | change source]

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

Shanghai General Motors Corporation[change | change source]

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

SAIC-Charoen Pokphand[change | change source]

SAIC produces MG Motors vehicles through this joint venture with Charoen Pokphand for their Thailand subsidiary.[35]

Technomous[change | change source]

Established with Austrian technology provider TTTech in 2018 for Intelligent and Autonomous Driving solutions.[36]

Notes[change | change source]

  1. "Autoline Daily". Retrieved 3 March 2022.
  2. "SAIC MOTOR CORPORATION LIMITED Annual Report 2020" (PDF). Retrieved 29 March 2022.
  3. Zhao, Hejun (22 October 2010). "Shanghai's Slow Boat to State Asset Reform". Caixin. Archived from the original on 9 March 2011. Retrieved 15 July 2011.
  4. "SAIC Motor Corp. Ltd". Nikkei Asia. Retrieved 27 January 2024.
  5. [ "�Ϻ��������Źɷ����޹�˾|�Ϻ�����|Saic motor"]. 25 May 2010. Archived from the original on 25 May 2010. Retrieved 27 January 2024. {{cite web}}: replacement character in |title= at position 1 (help)
  6. "Archived copy". Archived from the original on 20 March 2012. Retrieved 27 January 2024. {{cite web}}: Unknown parameter |data dostępu= ignored (|access-date= suggested) (help); Unknown parameter |język= ignored (help); Unknown parameter |tytuł= ignored (|title= suggested) (help)CS1 maint: archived copy as title (link)
  7. "上汽集团". Retrieved 27 January 2024.
  8. Panait, Mircea (9 December 2014). "Shanghai GM Sold Over 10 Million Automobiles Since 1997". autoevolution. Retrieved 27 January 2024.
  9. {{cite web}}: Missing or empty |title= (help); Unknown parameter |data dostępu= ignored (|access-date= suggested) (help); Unknown parameter |język= ignored (help); Unknown parameter |tytuł= ignored (|title= suggested) (help)
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  12. 12.0 12.1 "China debut for Rover-based car". 20 November 2006. Retrieved 27 January 2024.
  13. "Rover sold to Nanjing Automobile". 23 July 2005. Retrieved 27 January 2024.
  14. {{cite web}}: Missing or empty |title= (help); Unknown parameter |data dostępu= ignored (|access-date= suggested) (help); Unknown parameter |język= ignored (help); Unknown parameter |tytuł= ignored (|title= suggested) (help)
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  16. [ "�Ϻ�������ҵ�����ţ��ܹ�˾|��������|Saicgroup"]. 20 April 2011. Archived from the original on 20 April 2011. Retrieved 27 January 2024. {{cite web}}: replacement character in |title= at position 1 (help)
  17. Reyes, Manny de los (6 February 2021). "Maxus launches its first SUV in new D60". 2nd Opinion. Retrieved 27 January 2024.
  18. Lua error in Module:CS1_translator at line 176: attempt to call upvalue '_month_xlate' (a nil value).
  19. "SAIC Motor brings UK's LDV brand back to life - Business -". Retrieved 27 January 2024.
  20. Guests (24 September 2019). "MG is back in Europe with a ready steady EV". Fleet Europe. Retrieved 27 January 2024.
  21. N, Madhavan (20 November 2019). "Why MG Motor is taking a different road in the India market". BusinessLine. Retrieved 27 January 2024.
  22. {{cite web}}: Missing or empty |title= (help); Unknown parameter |data dostępu= ignored (|access-date= suggested) (help); Unknown parameter |język= ignored (help); Unknown parameter |tytuł= ignored (|title= suggested) (help)
  23. "MG unveils new Marvel R Electric: high-tech lifestyle SUV". MG Motor Europe. Retrieved 27 January 2024.
  24. {{cite web}}: Missing or empty |title= (help); Unknown parameter |data dostępu= ignored (|access-date= suggested) (help); Unknown parameter |język= ignored (help); Unknown parameter |tytuł= ignored (|title= suggested) (help)
  25. "SAIC MOTOR". 19 December 2022. Archived from the original on 19 December 2022. Retrieved 19 December 2022.
  26. "SAIC, Alibaba-backed premium EV brand "IM" makes world's debut". Volvo Group. 13 January 2021. Retrieved 13 January 2021.
  27. "SAIC renamed its R brand to Feifan and sold 2000 EVs in October". 11 November 2021. Retrieved 11 November 2021.
  28. "SAIC Motor's R brand rolls out new tech brand 'R-TECH'". Gasgoo. Retrieved 11 November 2021.
  29. "SAIC launched new brand Maxus for vans". China Car Times. 3 March 2011. Archived from the original on 22 July 2011. Retrieved 3 July 2011.
  30. "China: Wuling Sold 29,000 Hong Guang MINI EV In June 2021". InsideEVs. Retrieved 10 September 2021.
  31. "A LONG STANDING, STRONG, RELIABLE SINO-ITALIAN TEAM". Iveco. Archived from the original on 12 May 2011. Retrieved 14 July 2011.
  32. "1,500 buses from Volvo to World Expo". Volvo Group. 28 April 2010. Archived from the original on 25 March 2013. Retrieved 12 February 2012.
  33. "New and improved electric buses for route 26". SHINE.
  34. "依维柯大股东变更为南京汽车,持股50% 乐居财经 王敏 10月15日,南京依维柯汽车有限公司(以下简称"依维柯")大股东从"IVECO S.P.A.,南... - 雪球". Retrieved 3 January 2024.
  35. "CHAROEN POKPHAND GROUP". Archived from the original on 10 September 2021. Retrieved 10 September 2021.
  36. "SAIC MOTOR". Retrieved 11 June 2021.