SAIC Motor Corporation, Ltd. (“SAIC Motor” for short), whose predecessor was Shanghai Automotive Company Ltd., went public in November 1997 and was listed on Shanghai Stock Exchange with the stock code 600104. Restructured in 2006, it is now the largest listed vehicle-making corporation on the Chinese A-share stock market. By December 31, 2009, the corporation had a total capital stock of 6.55 billion shares, consolidated total assets of RMB 138.16 billion, and total headcount of over 65,000 employees. Currently its controlling shareholder is Shanghai Automotive Industry Corporation (Group).
The main businesses of the corporation include R&D, production and sales of vehicles (including passenger and commercial vehicles) and components (including power train, chassis, electronic and electric parts) that are closely related with the vehicle development, as well as the auto financial business that is closely related with the automotive business.
Major companies under SAIC Motor are vehicle makers like SAIC Motor Manufacturing Co., Ltd., Shanghai Volkswagen Automotive Co. Ltd., Shanghai General Motors Co., Ltd., Shanghai Sunwin Bus Corporation, SAIC-GM Wuling Automobile Co., Ltd., Nanjing IVECO, SAIC-IVECO Hongyan Commercial Vehicle Co., Ltd., etc. and parts manufacturers that are closely related with vehicle development, such as Shanghai Automobile Gear Woks, United Automotive Electronic System Co., Ltd., and Shanghai Diesel Engine Co., Ltd., as well as auto finance companies like Shanghai Automotive Group Finance Co., Ltd.
SAIC Motor is the leading manufacturer of passenger vehicles, the largest mini-vehicle maker as well as an automotive maker that has the biggest sales volume in China today. In 2009 SAIC Motor sold over 2.725 million vehicles, continuing its leading position among the major auto groups in China. |