SAIC Motor takes fast track to develop as high-tech Company

06/07/2021     |    Global news

SAIC Motor, the largest automobile manufacturer in china, is fast getting into gear to develop as a high-technology company, after having generated 742.13 billion yuan ($113.41 billion) in operating revenue last year, according to its annual report which was recently published.

In 2020, SAIC Motor sold 5.6 million vehicles, a year-on-year decline of 10.2 percent. However, its sales saw a 7.6 percent year-on-year rebound in the second half of the year.

Moreover, the year-on-year growth of SAIC Motor’s vehicle sales climbed quarter by quarter throughout the year as the manufacturer began shaking off the negative impact of the novel coronavirus on auto markets.

Sales of new energy vehicles or NEVs by SAIC Motor surged 73.4 percent in 2020 to 320,000 units, leaping to top spot in the country and third place in the world while it exported 390,000 vehicles, a year-on-year increase of 11.3 percent and leading it to retain top spot in China for the sector for five years in a row.

In 2021, SAIC Motor is projected to achieve total sales of 6.17 million vehicles, a yearly increase of 10.2 percent, and it will also promote ride-hailing services and solutions.

The automaker has reportedly been improving its core business while nurturing new growth drivers in recent years.

The company has stepped up efforts to promote the industrialization of intelligent-connected vehicle, or ICV technology, and the development of core industry supply chains involving batteries, electric motors and electronic control modules, as well moved to launch more high-tech products.

The auto manufacturer has been improving its technological capacity in data-determined experiences and software-defined vehicles. It has done so by exploring emerging technologies, including software development, big data, artificial intelligence, cloud computing and cyber security.

In addition, SAIC Motor has also promoted “Four New Trends” in electrification, intelligent and connected, sharing and globalization in recent years, laying a solid foundation for its sustainable development.

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
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 […]
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
Logo Loading