SAIC：Aims to be a comprehensive provider, including mobility services, by 2025
Promoting electrification, intelligent & connected, sharing, and internationalization
2018/07/31
- Summary
- Overview of the SAIC Group：Group companies, brands, and sales volumes
- Mid-term plan： Promotion of electrification, intelligent & connected, sharing, and internationalization
- Overseas expansion： Construction of plants in emerging countries
- Plans by automaker：Expansion and strengthening of production footprint for SUVs and NEVs
- Own brands：Aggressive release of NEVs and connected cars
- Foreign-owned joint venture brands：Plans to expand SUV models and release NEV versions of popular models
- SAIC Motor sales numbers in China (factory shipments)
- Sales forecast by LMC Automotive：SAIC Group to experience steady growth and sell 3.3 million units in 2021
Summary
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SAIC Motor Group is China’s largest automaker group, based in Shanghai, and the first Chinese automaker group to sign joint venture agreements with foreign OEMs. In addition to finished car manufacturers, the group owns numerous other subsidiaries such as component manufacturers, automotive related services, and automotive finance-related companies. Furthermore, HUAYU Automotive Systems Company Limited, a major Chinese OEM and a major component manufacturer conducting business with foreign OEMs, is a subsidiary of the SAIC Motor Group.
In 2018, the Group has set a total sales target of 7.255 million vehicles for an operating income of CNY 911.5 billion. By 2020, the Group aims to become the leading automotive group in China, not only in sales but also in terms of technical capability, and by 2025 seeks to become a global comprehensive provider of competitive and influential mobility services and products. During the period of the 13th Five-Year Plan (2016 to 2020) the Group will collaborate with leading companies and challenge itself with new endeavors to further strengthen its electrification, intelligent & connected, sharing, and internationalization efforts.
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