What are the differences between GAC and SAIC?

[VanAriana]

FAW is a central state-owned enterprise, while SAIC and GAC are state-owned enterprises. Comparing SAIC and GAC, SAIC has stronger capabilities and more outstanding profitability. More relevant information is as follows: Note 1: Industries like FAW, SAIC, and GAC were established to meet the government's requirement that foreign automotive capital does not exceed a 50% share ratio in joint ventures. Apart from Changan Automobile, the other four major state-owned automakers are directly under central government management. Note 2: Currently, domestic cars are on the rise, with private enterprises and state-owned enterprises each accounting for about half of the market share. FAW, Dongfeng, and Changan are considered central state-owned enterprises, while BAIC, SAIC, and GAC are state-owned enterprises. Companies like Brilliance, Geely, and Great Wall are private enterprises.