SAIC Motor Corporation Among the Worlds 50 Largest Corporations, Strong Technological Innovations Driving Business Growth

Automotive Press Releases Wednesday September 14, 2016 09:47
Bangkok--14 Sep--Total Quality PR

Shanghai Automotive Industry Corporation (SAIC) this year ranks 46th in the 2016 Fortune Global 500 list of the world's largest companies. The world renowned annual list is assessed by Fortune magazine comparing performances between 2014 and 2015. SAIC, with its co-investor, CP, is a manufacturer and distributer of MG vehicles in Thailand under SAIC Motor – CP, and MG Sales (Thailand) Co., Ltd. SAIC has announced plans to drive business growth by spearheading technological developments to create innovations, and further enhance production processes as well as strengthen consumer confidence to ensure business growth around the world.

Shanghai Automotive Industry Corporation, or SAIC Motor Corporation, is one of the world's largest automotive companies, manufacturing and distributing brands such as MG, Roewe, Maxus, Volkswagen, Chevrolet, Buick, and Cadillac. It is also the largest A Share publicly listed companies in China. The business portfolio span a broad spectrum of related businesses from research and development of automotive parts to manufacturing and assembly, from sales and distribution to logistics. Its operations also cover information management to used car business, leasing and many other businesses pertaining to the automotive industry. In the first half of 2016, SAIC Motor Corporation recorded total sales exceeded 3 million vehicles - all passenger and commercial vehicles both under own brands and OEM brands joint-ventures with Volkswagen and General Motors. The company has also been inducted in the Fortune Global 500 list for the 12th consecutive years.

SAIC Motor Corporation is the parent company of SAIC Motor – CP and

MG Sales (Thailand) Co., Ltd., the manufacturer and distribution of MG vehicles in Thailand. In 2015, SAIC Motor Corporation revenue was USD 106,684.4 billion which contributed to propelling the company into the top 50 of the Fortune Global 500 list for the first time. This year's ranking is now 46th, a move up from 60th the previous year. The progress reflects the successful implementation of business strategies which allowed technological advancement and innovations to lead and drive automotive development and also increase business competitiveness and sustainable growth.

On the automotive innovation front, SAIC Motor Corporation has developed the new Roewe RX5, the world's first smart vehicle that harnesses the power of the internet. The vehicle is a joint development with Alibaba Group Holding, the parent company of Alibaba, a giant Chinese e-commerce platform.

Launched in July 2016, the new Roewe RX5 is a multi-purpose compact SUV and the world's first "intelligent vehicle" which can communicate through the internet and features Alibaba's brand new operating system called the YunOS. Its multitude of functions are designed to maximize convenience for the driver by allowing access as well as sharing of information while connecting various electronic gadgets via the cloud. The new Roewe RX5 also responds to voice commands meaning that the driver can simply "speak" to the car using a Voice Command to operate its many functions such as turning on or off the climate control, starting the engine, the entertainment system and real-time navigation as well as making transactions or online searches through various internet and e-commerce systems, known as the Internet Life Platform. This technological innovation revolutionises the world's automotive industry, in a move that truly enters an era of the Internet of Things. The new Roewe RX5 is now available in China.

Apart from continuously optimizing automotive technology for all brands and models under the SAIC Motor Corporation, the company also researches and develops new technologies to further enhance vehicles and production processes for the world market. The company is committed to satisfying the needs of customers and ensure the direction that the automotive industry is heading by focusing on utilizing technological innovations to create product differentiations.

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