SAIC Motor makes Global 500 for the 13th time
With 2016’s annual sales revenue reaching 113.86 billion yuan ($17.54 billion), SAIC Motor Corporation Limited (SAIC Motor) rose to 41st place on Fortune magazine’s Global 500 list, which was released on July 20.
One of China’s automotive giants, SAIC Motor ranked seventh in the global automotive industry, overtaking Bayerische Motoren Werhe AG (BMW) and Hyundai Motor Company. SAIC Motor’s position in the list has risen in each of the 13 consecutive years it has been included.
From January to June 2017, SAIC Motor sold more than 3.17 million vehicles, its highest ever amount. The company’s self-owned brands made a significant contribution to sales volume, Roewe and MG seeing year-on-year increases of 113 percent, and Maxus of 30 percent. Joint ventures also achieved outstanding results, SAIC Volkswagen and SAIC General Motors ranking among the top three in passenger vehicle sales. SGMW, a joint venture of SAIC Motor, General Motors and Guangxi Mobile Group Co Ltd, was the only enterprise exceeding 1 million sales in China within that period.
With guidance from market and industry trends, SAIC Motor has been innovating and upgrading, expanding into global markets in accordance with its development strategy of electrification, interconnection, intelligence and sharing.
SAIC Motor is the only automobile enterprise in China to master the dynamical technologies of plug-in hybrid, pure electric and fuel cell power concurrently. In the first half of 2017, SAIC launched a world-first pure electric internet SUV, the Roewe ERX5, with a maximum endurance mileage of 425 kilometers and a power supply that can be charged to 80 percent in 40 minutes. The pure electric internet vehicle, the Roewe VISION-E, made its debut at Shanghai International Automobile Industry Exhibition. With a maximum endurance mileage of 500 km, the vehicle can reach 500 km per hour in 4 seconds. In cooperation with battery manufacturer CATL, SAIC established the United Auto Battery Corporation as a new energy battery and energy storage battery system production base which is expected to build a total power battery capacity of 36 gigawatt hours (GWh) and improve the charging speed, service life and safety of its batteries.
SAIC Motor established an interconnectedness development system for vehicle-mounted hardware facilities and internet systems. The Roewe RX5, the world’s first mass-produced internet vehicle, has sold approximately 200,000 units and has become one of the major SAIC Motor products, accounting for 80 percent of total sales of the company’s passenger vehicles.
Joining forces with China Mobile and Huawei Technologies at the 2017 Mobile World Congress in Shanghai to improve intelligent travel services and propel the development of C-V2X, a technology promoting vehicle safety and automatic driving. SAIC Motor has been developing intelligent driving systems and has started to focus specifically on suitability for expressways, urban areas and motorcades. The total test mileage of its vehicles has exceeded 36,000 km.
Global Car Sharing & Rental Co Ltd, a wholly owned subsidiary of SAIC Motor, has established more than 4,500 branches in approximately 30 cities nationwide and has 13,000 vehicles under service. With more than 1 million members, the company is China’s largest new energy vehicle sharing platform. SAIC Motor has started to develop vehicle models exclusive to sharing platforms and fast-tracked the construction of service ecosystems and smart travelling platforms.
With the Belt and Road Initiative being implemented, SAIC Motor is striving to expand into markets in key regions around the world, increasing global influence. It has founded an innovation center in Silicon Valley, established market networks in 15 countries and regions including the Middle East, Europe, South and North America, and Asia, and built production bases in Thailand and Indonesia.
SAIC Motor-CP Co, SAIC's joint venture in Thailand with Thai conglomerate Charoen Pokphand Group, is also under construction and will go into production by the end of this year. SGMW’s production base will also begin operations this year.
From January to June, SAIC Motor saw year-on-year growth of 42 percent in vehicle exports and overseas sales, holding the top spot in China. Foreign exchange earned through exports also increased by 25.4 percent compared with the first half of 2016.
SAIC Motor is determined to establish itself as a globally renowned automobile enterprise and bring Chinese-made vehicles to the world.