SAIC Motor Corporation Limited
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Shanghai Automotive Group Co., Ltd. (referred to as "SAIC Group", stock code 600104), as a leading domestic automotive listed company, is striving to grasp the trend of industrial development, accelerate innovation and transformation, and is developing from a traditional manufacturing enterprise to a comprehensive supplier of mobile travel services and products for consumers. At present, SAIC Group's main business includes the research and development, production, and sales of complete vehicles (including passenger cars and commercial vehicles), actively promoting the commercialization of new energy vehicles and internet vehicles, and conducting research and industrial exploration of intelligent driving and other technologies; Research and development, production, and sales of components (including power drive systems, chassis systems, interior and exterior decoration systems, as well as core components and intelligent product systems for new energy vehicles such as batteries, electric drives, and power electronics); Mobile travel services such as logistics, automotive e-commerce, travel services, energy conservation, and charging services; Automotive related finance, insurance, and investment businesses; Overseas operations and international trade business; And actively layout in the fields of industrial big data and artificial intelligence. The main vehicle enterprises under SAIC Group include SAIC Passenger Vehicle Branch, SAIC Datong, Zhiji Automobile, Feifan Automobile, SAIC Volkswagen, SAIC General Motors, SAIC General Motors Wuling, Nanjing Iveco, SAIC Hongyan, Shanghai Shenwo, etc. In 2021, facing multiple severe challenges such as core shortage, epidemic, power rationing, and significant increase in raw material prices, SAIC Group achieved a wholesale sales of 5.464 million vehicles and terminal retail sales of 5.811 million vehicles, a year-on-year increase of 5.5%. Vehicle sales have remained the top in the country for 16 consecutive years. Among them, domestic brands sold 2.857 million complete vehicles, a year-on-year increase of 10%, accounting for the first time that the proportion of the company's total sales exceeded 50%, reaching 52.3%; The sales of new energy vehicles reached 733000 units, a year-on-year increase of 128.9%, ranking first in China and top three globally; Overseas sales reached 697000 vehicles, a year-on-year increase of 78.9%, and the export of complete vehicles has remained the top in the domestic industry for six consecutive years. Looking ahead, SAIC Group will firmly grasp the overall direction of technological progress, market evolution, and industry transformation trends, continue to deeply promote the "new four modernizations" strategy of "electrification, intelligent networking, sharing, and internationalization", strive to improve performance, and deepen the construction of innovation chains. In the process of restructuring the global automotive industry value chain, SAIC Group will strive to seize a favorable position and commanding heights, and accelerate the transformation and upgrading of its business, Strive towards the goal of becoming a world-class automotive enterprise with global competitiveness and influence. |
| Headquarter | Shanghai |
| Establish Date | 4/16/1984 |
| Listed Code | 600104.SH |
| Listed Date | 11/25/1997 |
| Chairman | Chen Hong. |
| CEO | Wang Xiaoqiu. |
| Website | www.saicmotor.com |
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