SAIC Motor ranks 60th on Fortune Global 500

09/08/2021     |    Global news

China’s largest automobile manufacturer SAIC Motor ranked 60th on the latest Fortune Global 500 list, a ranking of the world’s largest companies by revenue, with $107.56 billion in operating revenue in 2020, Fortune reported on Aug 2.

SAIC Motor made the list for the first time in 2004. Since 2014, it has been among the top 100 companies on the list.

In 2020, the automobile manufacturer continued leading China by selling 5.6 million vehicles, including 2.599 million vehicles from its self-owned brands (including Roewe, MG, Maxus, Wuling, Hongyan, etc.), as well as 320,000 NEVs, a year-on-year increase of 73.4 percent.

SAIC Motor exported 390,000 vehicles in the same year, a year-on-year increase of 11.3 percent and ranking first in China for the fifth straight year.

To promoting the brand image, the automobile manufacturer established an premium EV brand IM and R, and launched world leading 5G-enabled MARVEL R model in 2020. In addition, its ride-hailing service platform SAIC Mobility achieved a total of 30 million users in China.

In June of this year, the company published its new vision, mission, values, and logo, indicating its transition to a user-oriented high-tech company.

In terms of electrification, a new-generation electric battery system will be put into production by the end of this year, with improved safety, fast charging, and energy conversion efficiency. In 2025, SAIC Motor will launch a solid-state lithium battery with high safety standards and high energy density for commercial applications.

In terms of being intelligence and connectivity, its 5G-enabled autonomous heavy-duty trucks have operated more than 420,000 kilometers at Shanghai Yangshan port area and completed the commercial trial operation of transporting 21,000 standard containers last year. The IM branded L7 model, a luxury pure electric smart car launched by SAIC Motor this year, can autonomously drive out of and into parking space according to the preset navigation planning. In addition, by the end of this year, the company plans to put 40 to 60 Robotaxies under pilot operation in Shanghai and Suzhou, with the goal of putting the vehicle into mass production in five years.

In terms of chips, SAIC Motor has invested in more than 10 chipmakers. The automobile manufacturer has become the largest institutional investor of Horizon Robotics, with the two companies establishing a joint artificial intelligence laboratory.

In July, Horizon Robotics released its high-performance central computing chip named Journey 5, which will be used by SAIC Motor’s self-owned brands.

In terms of software technology, SAIC Motor has conducted a comprehensive layout of the five centers of software development, big data, artificial intelligence, cloud computing, and cyber security, thus initially establishing the digitalized software technical capabilities. The company also revealed a centralized electronic architecture, a service-oriented architecture (SOA), a smart vehicle data platform, and a cyber-security solution this year.

In terms of CSR, SAIC Motor has played an active role in improving the educational development in impoverished areas, and lifting Xuanwei in Yunnan province and other cities out of poverty. It has also donated 250 million yuan ($38.68 million) worth of supplies over the past five years.

Other news
05/11/2021   |   Global news
Recently, Japan’s Good Design Award (G-Mark), one of the world’s four major design awards, was officially announced, and the brand new MG5 designed by SAIC Motor is on the list, fully demonstrating its superb design standards and excellent quality. The new MG5 won the 2021 Japan Good Design Award G-Mark As one of the four […]
Read more
24/09/2021   |   Global news
Our lives have become more limited during the past 18 months. We have been restricted, confined and bound. Escapism has been sought through digital means, portals to safer places, scenarios to explore, and to roam free, all from the comfort of our homes. We are now re-emerging from our lock down lives. Eager to explore […]
Read more
23/08/2021   |   Global news
MG is the official partner of the French football club Olympique Lyonnais, starting from the 2021/2022 season. To this end, both parties signed a three-year cooperation agreement. As part of the partnership, the MG logo can be seen on the sleeve of the Olympique Lyonnais shirt for the next three seasons. With the partnership with […]
Read more
09/08/2021   |   Global news
On July 30, MG’s another smart SUV – MG ONE, made its world debut in Shanghai. The new model pursues the design concept that combines the ultimate performance aesthetics with the cutting-edge digital experience. MG ONE innovatively adopts the design technic of “one body with two styles” to represent the two characters of MG ONE: digital intelligent sporty & tech fashionable, to in […]
Read more
22/07/2021   |   Global news
China’s largest automaker SAIC Motor revealed its latest solution to smart vehicles, the SAIC Z-One Galaxy Full-stack Solution, at the SAIC Developer Conference held in Shanghai on April 9. The SAIC Z -One Galaxy Full-stack Solution is the industry’s first smart car solution that breaks through the “barriers” of automotive hardware, software, and big data, […]
Read more
22/07/2021   |   Global news
Chinese carmaker SAIC Motor has set its overseas sales target for this year at 550,000 vehicles. The figure is expected to hit 1.5 million by 2025. The carmaker will develop five regional markets with an annual sales volume of 50,000 vehicles. These markets are the Middle East, Australia and New Zealand, the Association of Southeast […]
Read more
Logo Loading