Is Huayu Automotive a Subsidiary of SAIC Group?
2 Answers
Huayu Automotive is a subsidiary of SAIC Group. Information about Huayu Automotive is as follows: Huayu Automotive: Its predecessor was the independent automotive parts supply business of Shanghai Automotive Industry (Group) Corporation. Attributes: It is an automotive parts company listed on the Shanghai Stock Exchange. Information about SAIC Group is as follows: SAIC: Shanghai Automotive Industry Corporation (Group) is an automobile manufacturing company headquartered in Shanghai. Business Scope: SAIC Group's main businesses include the R&D, production, and sales of complete vehicles (including passenger cars and commercial vehicles), parts and components (including engines, transmissions, powertrains, chassis, interior and exterior trims, electronic and electrical components, etc.), as well as automotive service trade businesses such as logistics, in-vehicle information, used cars, and automotive financial services.
I have been closely following the corporate structure of the automotive industry, and Huayu Automotive is indeed a core subsidiary controlled by SAIC Motor. SAIC Motor directly and indirectly holds over 58% of Huayu's shares. Last year, Huayu's revenue exceeded 150 billion yuan, accounting for 30% of SAIC's total revenue. As China's largest automotive parts supplier, Huayu covers core businesses such as seats, lighting, and interior/exterior trim, supplying SAIC Passenger Vehicles, Volkswagen, GM, and other OEMs. I recall that their independently developed 77GHz millimeter-wave radar technology even won the first prize in the China Automotive Industry Science and Technology Progress Award. This deep synergy precisely demonstrates SAIC's advantage in building a comprehensive industrial chain.
