About SAIC Motor

SAIC Motor Corporation Limited: Transforming The Future of Automobile Industry Welcome to SAIC Motor Corporation Limited, an esteemed name in the automotive sector. Widely known by its abbreviation, 'SAIC Motor', we have been renowned and recognized for our contribution to the automotive industry since our full public listing in 2011.

Renowned for our dominance and leadership in the industry, SAIC Motor has consistently proven its strength, both locally and internationally, with impressive vehicle sales and performance. Despite competitive market conditions, in 2023, we befitted our reputation as China's leading auto manufacturer, emerging victorious with total vehicle sales reaching 5.02 million units.

This remarkable achievement bestowed us with the honor of leading the domestic industry for the 18th consecutive year. Unyielding to our record-breaking performances in 2022, the group's New Electric Vehicle (NEV) sales, and overseas sales escalated exponentially, reaching new historic peaks in 2023. These sales were recorded at an enviable 1.123 million units and 1.208 million units, respectively.

Such stupendous performance led us to a prestigious ranking - SAIC Motor proudly secured the 93rd rank on the Fortune Global 500 list, showcasing a revenue of $105.2 billion taken from 2023's consolidated financial statements. This achievement further cemented our position as an industry leader among Chinese automotive companies on this globally recognized list. At SAIC Motor, our work domain transcends beyond just complete vehicle production.

We have diversified our business into various verticals like components, mobility services, finance, international operations, and the realm of innovative technology. This multidimensional business structure ensures a comfortable symbiosis amongst the six primary segments, creating a development model that is both cooperative and synergetic.

We are deeply committed to local economies, thereby leading the establishment of 15 complete vehicle manufacturing bases, each accompanied by their associated parts and logistics bases. These facilities are strategically placed in regions such as Northeast China, East China, South China, Southwest China, Central South China, and Northwest China. Catering primarily to local customers, these facilities substantially contribute to regional economic and social progress.

In line with our global vision, we are proud to extend our support to the Chinese government's ambitious "Belt and Road Initiative". In our ongoing commitment to building a global automobile industry chain, we have successfully integrated myriad functionalities including R&D, manufacturing, marketing, finance, and logistics.

Besides, we hold the pride of establishing our three overseas vehicle manufacturing bases, and our products and services now cater to 100+ countries worldwide. For eight consecutive years, we have topped the charts in overseas sales amongst domestic industrial counterparts. Guided by our dynamic strategies for growth, SAIC Motor continues to be attuned to global technological advancements and keeps up with changing market trends and industry shifts.

Our forward-looking approach has paved the way for not just enhancing our performance, but also for establishing an innovation chain that upgrades our business and ensures a distinct position in the rapidly evolving global automotive industry. We envision accelerating our business transformation and upgrading to take significant leaps towards becoming a world-class auto company.

Our strategic priorities are centered around boosting our international competitiveness and creating a brand that commands influence globally. Join us as we navigate, innovate and transform the path to the future of the auto industry. Please do not hesitate to contact us with any inquiries or for more information about our corporation. SAIC Motor Corporation Limited reserves copyright up to 2024, and we are proud to be endorsed and licensed by the relevant Shanghai authorities.

Growth

SAIC Motor Corporation is a full-fledged enterprise with a global footprint and continually expanding. The company is actively implementing the 'Go Global' strategy to expand its operations into overseas markets. It is dedicated to boosting its international operational capabilities and improving its ability to integrate global resources as part of its innovative development strategy. With the goal of sustainable development, SAIC Motor actively seeks to assimilate into local cultures and foster harmonious relations with local communities while expanding its business overseas.

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Achievements

SAIC Motor has become the first automotive enterprise in China to 'go global with the entire industry chain'. It has established a complete automotive industry value chain overseas, including innovative R&D centers, manufacturing bases, marketing and sales centers, supply chain centers, and financial companies. The company has a presence in more than 100 countries and regions worldwide, with three overseas R&D centers, three vehicle manufacturing bases, over 100 parts and components production and research bases, and more than 2,800 sales and service outlets. It has also launched seven international shipping routes.

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To cater to the varying market environments, industrial policies, and consumer demands, SAIC Motor has adopted a diversified approach. In mature markets, it is leveraging new energy vehicles and applying innovative business models to meet consumers' needs for green mobility while actively building an interconnected automotive ecosystem. In emerging markets, the company has adopted a user-centered approach, offering different brands and products along with convenient maintenance, repair, and financial services, to meet the evolving market trends and consumer demands.

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