SAIC Motor Corporation Limited (abbreviated as SAIC Motor, stock code 600104) achieved its full public listing in 2011. As a leading auto maker in China, SAIC Motor achieved total vehicle sales of 5.02 million units in 2023, maintaining the top position in the domestic market for the 18th year in a row. Following its "double million" unit sales in 2022, the group's NEV sales and overseas sales hit new historic highs in 2023, reaching 1.123 million and 1.208 million units, respectively. SAIC Motor was ranked 93rd on the Fortune Global 500 list with a revenue of $105.2 billion from its 2023 consolidated financial statements, leading among the Chinese automotive companies on the list.
Currently, SAIC Motor's business primarily covers complete vehicles, components, mobility services, finance, international operations, and innovative technology. This has led to a business structure where the vehicle segment takes the lead, with the six major segments closely collaborating, empowering each other and developing synergistically.
SAIC Motor has established 15 complete vehicle manufacturing bases, along with corresponding parts and logistics bases, in regions including Northeast China, East China, South China, Southwest China, Central South China, and Northwest China. These facilities serve local customers and effectively contribute to regional economic and social development. Additionally, SAIC Motor actively participates in the "Belt and Road Initiative", having initially built a global automobiles industry chain integrating R&D, manufacturing, marketing, finance, and logistics. The company has also set up three overseas vehicle manufacturing bases. Its products and services have reached over 100 countries and regions worldwide, and its overseas sales have ranked first in the domestic industry for eight consecutive years.
Looking ahead, SAIC Motor will keep pace with technological progress, market evolution, and industry changes. It will not only strive to improve its performance, but also build an innovation chain to upgrade its business, so as to come out on top in the restructuring of global automotive industry. The company also plans to accelerate its business transformation and upgrading, and make great strides towards becoming a world-class auto company with international competitiveness and a strong brand influence.
