SAIC Motor

SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China’s A-share market (Stock Code: 600104), and has a total equity of 11 billion shares.

SAIC Motor’s business covers the research, production and vehicle sales of both passenger cars and commercial vehicles. It also covers components including engines, gearboxes, powertrains, chassis, interior and exterior and miscellaneous electronic components, and logistics, vehicle telematics, second-hand vehicle transactions and auto finance services.

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 2015, the company climbed 14 places to rank 46th on the annual Fortune Global 500 list, thanks to its $106.68 billion in revenues. It marked the 12th time that the company had made it onto the list of the world’s most powerful companies.

Its current Chairman of Board of Directors is Chen Hong.  Chen Hong, born in March 1961, is a member of the CPC with a bachelor’s degree in engineering. He is a senior engineer (professor) and economist,and now the Communist Party secretary and chairman of SAIC Motor. He has been a vice-president at the Shanghai Automotive Industry Corp (Group) and general manager at Shanghai General Motors Co. He also served as president and deputy Party secretary at SAIC Motor; deputy chairman and deputy Party secretary at the Shanghai Automotive Industry Corp (Group); Party secretary,president and deputy chairman at SAIC Motor.

Source: http://www.saicgroup.com/english/company_profile/about_us/index.shtml; http://www.saicgroup.com/english/company_profile/board_of_directors/index.shtml

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