SAIC Motor Corporation Limited
SAIC Motor Corporation Limited is a Chinese automobile manufacturing company and one of the Big Four state-owned car makers in the Peoples Republic of China. Established in June 1985 and headquartered in Shanghai, SAIC Motor is the largest automobile manufacturer and one of the largest automakers in the world by production volume. As of 2020, SAIC Motors has more than 60 subsidiaries, 8 listed companies, and over 77,000 employees.
For the past thirty-five years, SAIC Motor Corporation Limited has grown to become one of the largest car makers in the world. The company has ambitious plans for the future, looking to double its current sales volume and become an innovative, world-leading passenger car manufacturer.SAIC Motor has been focusing more on its domestic market, with new, technologically advanced cars being released every year to the Chinese domestic market. In addition, SAIC Motor is looking to increase its exports to global car markets, and has invested heavily in research and development efforts in order to make sure that their products remain at the forefront of technological development.
To realize this goal, the company has made several important strategic moves. In 2019, SAIC Motor entered into a joint venture with General Motors, allowing the company access to GMs global network and resources. Additionally, joint venture also helps GM increase their presence in the Chinese market. Both companies have also established research centers in various places across the world, specifically China and the United States. In addition, the SAIC Motor has invested heavily in their electric vehicle (EV) initiatives, with their new Roewe brand of EVs being met with much enthusiasm in the Chinese domestic market.
SAIC Motors also continues to explore strategic partnerships with other automobile manufacturers. In 2017, it formed a joint venture with Volvo, allowing both companies to share resources and technology. This joint venture has resulted in a new line of high-tech cars that are competitively priced for the global market.
Finally, SAIC Motor is ramping up its commitment to safety, with several models achieving top safety ratings in recent crash tests. This commitment to safety is in line with the Chinese governments ambition to reduce automobile deaths.
Overall, with their strategic investments, partnerships, and commitment to safety, SAIC Motor Corporation Limited continues to remain at the forefront of the Chinese automobile industry. The company has the resources and ambition to become a major player in the global auto industry. In order to do this, they will continue to focus on technological innovation and strategic partnerships.
