Shanghai Automotive Industry Corp. Group (SAIC) is one of the leading automotive groups in China. It is engaged in the manufacture and distribution of passenger cars, buses, tractors, motorcycles, heavy-duty trucks and automotive components. SAIC became a member of the Fortune Global 500 list of companies on July 12, 2004.
In recent years, guided by its corporate values, SAIC has sped up its growth and reached new highs in sales. It sold more than 1.05 million vehicles in 2005, of which more than 740,000 were passenger cars, and realized consolidated revenue of $14.37 billion.
At the end of 2004, SAIC restructured itself and established SAIC Motor Corp. Ltd. Since the transformation, SAIC has been defining its role as a comprehensive investment corporation engaged in advanced manufacturing and modern service.
