SAIC Motor, a major automobile company
But as a journalist I feel it will be very unfair if I did not mention a bit about SAIC Motor and how successful it is as a global auto major.
SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer headquartered in Shanghai. SAIC Motor is currently the largest auto group in China. The company's business mainly covers vehicles, auto parts and components, mobility services, finance, overseas business, etc. SAIC Motor has an annual revenue of $120.9 billion.
SAIC Motor’s joint ventures include SAIC Volkswagen, SAIC-GM, and SAIC GM-Wuling. The company as a whole sold 5.30 million cars in 2022. To put that in the right perspective, in India, our entire domestic sales of passenger vehicles that included passenger cars, utility vehicles and vans stood at 3.89 million in the financial year 2022-23, according to the Society of Indian Automobile Manufacturers (SIAM). The industry exported another 6.62 lakh in the same period.
SAIC produces and sells vehicles under its own branding, such as Feifan, IM, Maxus, MG, Roewe, Baojun, Wuling and several others.