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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.
SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China's A-share market.
SAIC's affiliated vehicle companies include Morris Garages, SAIC MAXUS, SAIC Volkswagen, SAIC-GM, Shanghai General Motors Wuling (SGMW), NAVECO, SAIC-IVECO Hongyan and Shanghai Sunwin Bus Corp (SUNWIN).
SAIC Motor's car sales hit 5.902 million units in 2015, up 5 percent on the previous year and further consolidating its leading position in the domestic auto market. In 2014, the company climbed 25 places to rank 60th on the annual Fortune Global 500 list, thanks to its $102.25 billion in revenues. It marked the 11th time that the company had made it onto the list of the world's most powerful companies.
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.
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