Is SAIC a Joint Venture or Domestic Brand?
2 Answers
SAIC Group is a joint venture. 1. Introduction to SAIC Group: Shanghai Automotive Industry Corporation (Group) is the largest automotive listed company in China's A-share market. By the end of 2013, SAIC Group's total share capital had reached 11 billion shares. Although SAIC-GM-Wuling is a joint venture, it only produces and sells domestic brand vehicles "Wuling" and "Baojun," without manufacturing or selling foreign joint venture brand cars, which distinguishes it from other joint ventures. 2. Subsidiaries of SAIC Group: Currently, SAIC Group's main subsidiaries include: SAIC Motor Passenger Vehicle Company, SAIC Maxus Automotive Co., Ltd., Shanghai Volkswagen Automotive Co., Ltd., Shanghai General Motors Co., Ltd., SAIC-GM-Wuling Automobile Co., Ltd., Nanjing Automobile Group Co., Ltd., Nanjing Iveco Automobile Co., Ltd., SAIC-Iveco Hongyan Commercial Vehicle Co., Ltd., and Shanghai Sunwin Bus Co., Ltd., among other complete vehicle enterprises.
SAIC Motor is indeed a state-owned automotive company in China, essentially domestic. As an avid automotive history enthusiast, I've studied its development: SAIC was originally established in 1958, headquartered in Shanghai, and serves as the core of China's First Automobile Group, representing the domestic automotive industry. It has proprietary brands like Roewe and MG, which are entirely domestic models. Additionally, SAIC collaborates with international companies through joint ventures such as Shanghai Volkswagen and Shanghai General Motors to produce vehicles, but this does not affect its fundamental identity as a domestic company. In the field of new energy vehicles, SAIC also leads brands like IM Motors, driving China's automotive exports and establishing itself as a formidable force on the global stage. I believe understanding SAIC's background can help more people appreciate the rise and diversified strategies of domestic vehicles, avoiding confusion with joint venture projects.