SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China's A-share market (Stock Code: 600104), and has a total equity of 11.683 billion shares. SAIC Motor strives to grasp the trend of industrial development and speeds up the innovation-driven industrial transformation, and it is growing into a full-range vehicle products and travel services provider from a traditional manufacturing enterprises.
SAIC Motor's business covers the research, production and vehicle sales of both passenger cars and commercial vehicles. The company is actively promoting new energy vehicles, the commercialization of Internet-connected cars, It is exploring intelligent driving technology research and industrialization of exploration. It is mainly engaged in the R & D, production and sales of parts for motor drive system, chassis system, interior and exterior decoration, battery, electric drive, power electronics and other new energy vehicles and the core components of the intelligent product system); auto-related services such as logistics, e-commerce, travel, energy saving and charging service; auto-related finance, insurance and investment services; overseas business and international trade; and the layout of industries of big data and artificial intelligence.
SAIC's affiliated vehicle companies include Morris Garages, SAIC MAXUS, SAIC Volkswagen, SAIC-GM, Shanghai General Motors Wuling (SGMW), NAVECO, SAIC-IVECO Hongyan and Shanghai Sunwin Bus Corp (SUNWIN).
SAIC Motor's car sales hit 6.93 million units in 2017, up 6.8 percent on the previous year and keeping its leading market share in China. In 2016, the company climbed 5 places to rank 41th on the annual Fortune Global 500 list, thanks to its $113.86 billion in revenues. It marked the 13th time that the company had made it onto the list of Fortune magazine's 2016 Global 500.