SAIC Motor: sales surpassed 3.5 million in 2010, expecting 4 million in 2011

New brands launched for passenger cars and commercial vehicles, began reorganization to remain compe

2011/07/22

Summary
In 2010, the SAIC Group sold more than 3.5 million a year for the first time as a Chinese car maker
SAIC Motor boosted its 2010 consolidated sales by 2.24-fold year-on-year as Shanghai GM, which becomes a consolidated subsidiary, contributed
SAIC targets its 2011 group sales at 4 million
Including launch of own-brand, Baojun, each company in the group enhances the passenger car business, promoting overseas expansion
In the SAIC Group, there are moves to enhance production capacity, boosting production capacity of its plants in Nanjing to 1 million
SAIC Motor accelerates the commercial vehicle business through establishment of a new manufacturer, exhibiting the first model, the V80, at the Shanghai Motor Show
SAIC Motor plans to take a 20% share of the new energy vehicle market in China in 2015
SAIC Motor starts reorganization in the group, consolidating its three core businesses into SAIC Motor

Summary

In 2010, due to the success of the government's consumption stimulus measures and aggressive introduction of new models, the SAIC Motor's sales volume topped 3.5 million for the first time as a Chinese car maker. Its two major joint venture companies - Shanghai VW and Shanghai GM - each sold more than 1 million a year, following SAIC-GM-Wuling in the previous year, and contributed to the growth of the SAIC Motor's sales.

In 2010, SAIC Motor posted consolidated sales of 313.376 billion RMB, which is up markedly by 2.24-fold year-on-year, due to the rapid growth of the Chinese market and to the contribution of sales of Shanghai GM, which became SAIC Motor's consolidated subsidiary in February 2010.

Starting in mid 2010, SAIC Motor announced new brands for passenger cars and commercial vehicles successively. First, in 2010, SAIC-GM-Wuling announced its own passenger car brand - Baojun. Then, in February 2011, SAIC Motor launched its new commercial vehicle brand - MAXUS Datong.

SAIC Motor prepares its supply structure for new energy vehicles, saying that it will take about 20% share of the new energy vehicle market in China in 2015. In 2011, the company expects to start marketing a HEV version of its own-brand passenger car - Roewe 750.

At the end of May 2011, the group's restructuring plan was approved in the extraordinary shareholders' meeting. With this, the group's auto-parts business, service/trade business, and new energy vehicle business are consolidated under the umbrella of SAIC Motor.

Summary of major manufacturers under the umbrella of SAIC Motor

Supervising company
Company name	Abbreviation in this report (Note)	Summary *Product brand(s) is shown in lower rows
Shanghai Automotive Industry Corporation (Group)	SAIC Group	SAIC Group is a state-run automotive corporation group. It is owned 100% by the State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government. The SAIC Group owns SAIC Motor, which supervises the completed vehicle business, and Huayu Automotive Systems Co., Ltd., which supervises the supplier business under its umbrella.
SAIC Motor Corporation Limited	SAIC Motor	SAIC Motor supervises the SAIC Group's vehicle business. Its parent company, SAIC Group, holds a 72.95% share (as of December 31, 2010).
Passenger car manufacturer
SAIC Motor Passenger Vehicle Co.	Shanghai Passenger Vehicle	Shanghai Passenger Vehicle produces own-brand passenger cars. It is a wholly-owned subsidiary of SAIC Motor.
SAIC Motor Passenger Vehicle Co.	Shanghai Passenger Vehicle	Roewe, MG
Shanghai Volkswagen Automotive Co., Ltd.	Shanghai VW	Shanghai VW is an equally-owned joint venture manufacturer between SAIC Motor and VW.
Shanghai Volkswagen Automotive Co., Ltd.	Shanghai VW	VW, Skoda
Shanghai General Motors Co., Ltd.	Shanghai GM	Shanghai GM is a joint venture manufacturer between SAIC Motor and GM. It is owned 51% by SAIC Motor (50% directly, and 1% indirectly) and the remaining 49% by GM.
Shanghai General Motors Co., Ltd.	Shanghai GM	Buick, Chevrolet, and Cadillac
SAIC-GM-Wuling Automobile Co., Ltd.	SAIC-GM-Wuling	SAIC-GM-Wuling is a joint venture that produces passenger cars and commercial vehicles. It is owned 50.1% by SAIC Motor, 44% by General Motors China, Inc. (GM's headquarters in China), and 5.9% by Liuzhou Wuling Motors Co., Ltd.
SAIC-GM-Wuling Automobile Co., Ltd.	SAIC-GM-Wuling	Chevrolet Spark, Baojun (passenger car brand), and Wuling (commercial vehicle brand)
Commercial vehicle manufacturer
SAIC-IVECO HONGYAN Commercial Vehicle Co., Ltd.	SAIC-Iveco Hongyan	SAIC-Iveco Hongyan is a heavy-duty truck/trailer manufacturer. It is owned 67% by SAIC Iveco Commercial Vehicle Investment Co., Ltd. (an investment company owned equally by SAIC Motor and Iveco S.p.A., which is under the umbrella of Fiat Industrial S.p.A) and the remaining 33% by Chongqing Heavy Vehicle Group Co., Ltd.
SAIC-IVECO HONGYAN Commercial Vehicle Co., Ltd.	SAIC-Iveco Hongyan	Hongyan, Steyr
Nanjing Iveco Automobile Co., Ltd.	Nanjing Iveco	Nanjing Iveco is a commercial vehicle manufacturer that produces trucks, vans, off-road vehicles, and special vehicles. It is a fifty-fifty joint venture between Nanjing Automobile (Group) Corporation (which is SAIC Motor's wholly-owned subsidiary) and Iveco S.p.A.
Nanjing Iveco Automobile Co., Ltd.	Nanjing Iveco	Yuejin, Iveco
Shanghai Sunwin Bus Co., Ltd.	Shanghai Sunwin	Shanghai Sunwin is a midsize/large bus manufacturer. The company is jointly owned by three companies - SAIC Motor, Volvo (China) Investment Corp., and Volvo Bus Corp. It is owned 50% by SAIC Motor and 50% by the Volvo side.
Shanghai Sunwin Bus Co., Ltd.	Shanghai Sunwin	Sunwin
Shanghai Huizhong Automotive Manufacturing Co,. Ltd.	Shanghai Huizhong	Shanghai Huizhong is SAIC Motor's wholly-owned subsidiary, which produces chassis and parts. The company used to produce heavy-duty trucks (Huizhong) and light vans (Istana), but its commercial vehicle business was transferred to SAIC Motor Commercial Vehicle Co., Ltd., a commercial vehicle manufacturer that was established in March 2011.
Shanghai Huizhong Automotive Manufacturing Co,. Ltd.	Shanghai Huizhong	Huizhong, Istana *Production was discontinued in April 2011.
SAIC Motor Commercial Vehicle Co., Ltd.	Shanghai Commercial Vehicle	Shanghai Commercial Vehicle was established on March 21, 2011 by splitting the assets of Shanghai Huizhong Automotive Manufacturing (Shanghai Huizhong), which is SAIC Motor's wholly-owned subsidiary.
SAIC Motor Commercial Vehicle Co., Ltd.	Shanghai Commercial Vehicle	MAXUS Datong