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SAIC

As one of the top 3 automotive corporations in China, Shanghai Automotive Industry Corporation (Group) (“SAIC” for short) is mainly engaged in manufacturing, sales, research and development, and investment in passenger cars, commercial vehicles and components, as well as related services trade and financial business.

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SAIC logo (Shanghai Automotive Industry Corporation).

SAIC holds 83.83% of the equity of SAIC Motor Co., Ltd. In 2007, SAIC once again topped the Chinese automotive groups for a sales volume of over 1.69 million units of vehicles, of which 1,137,000 where passenger cars and 553,000 commercial vehicles.

In 2008, the company also entered the Fortune Global 500 list for its consolidated revenue of $22.6 billion (2007), ranking 373.

(source: SAIC)

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SAIC logo.

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