SAIC Motor Corporation further consolidates

SAIC Motor Corporation, the seventh largest automobile manufacturer globally and China’s largest automaker, sold 6.93 million vehicles in the calendar year 2017. The company registered an overall growth of 6.8 per cent compared to 6.49 million vehicles sold in the year-ago period.

SAIC’s self-owned passenger car brands MG and Roewe became the new engines for growth, driving more than 50% of SAIC’s overall sales growth in 2017. Sales of MG and Roewe surged 62 per cent at over 520,000 units in 2017.

With the strong performance by MG and Roewe brands, SAIC Motor further widened the lead with the No.2 player in China in 2017 to over 2.7 million vehicles, compared with a lead of about 2 million units in 2016. In China, SAIC Motor Corporation now enjoys a domestic market share of 23.2%, an increase of 0.6 percentage points against the corresponding period last year.

As a result, SAIC Motor also increased its dominance as one of the biggest corporations in the world moving to Rank 41 in Fortune 500 Companies compared to Rank 46 achieved in 2016.

The incremental sales were boosted by electrification and “Internet Car” models such as the MG ZS compact SUV, MG 6 sedan and Roewe’s RX5 crossover. SAIC has aggressive plans to make full use of its own leading technology advantages by introducing new energy vehicles and new products.

SAIC Motor has increasingly improved its independent R&D framework and reinforced its self-owned innovation capability - it independently masters the core technology for new energy vehicles and has already obtained leading advantages in R&D for internet-based vehicles. After active research of 5G connectivity, the company is also developing the communication technology between vehicles; and vehicles and traffic infrastructures.

During the year, SAIC Motor Corporation also announced its global ambitions for the MG brand outside its home market. While Roewe is a China-only brand, the MG brand will fuel the company’s global ambitions including markets such as India, where it recently announced setting up of a manufacturing base. The first made-in-India MG car will be rolled out from the brand’s manufacturing facility in Halol, Gujarat, in 2019.


About SAIC Motor

Shanghai-headquartered SAIC Motor Corporation Limited (SAIC Motor), a listed company (Stock Code: SH600104) is one of the largest automotive companies in the world. Its core businesses include design, production and sale of vehicles, manufacture and supply of key components, providing after sales services, dealing in trade, auto finance and exports. The company owns the MG, Roewe and Maxus brands. The company acquired the MG brand and its businesses in 2007.


About Morris Garages


Founded in the UK in 1924, MG (Morris Garages) was world famous for its sports cars/cabriolet series, sought after by many celebrities including British Prime Ministers and even the British royal family. Set up in 1930 in Abingdon, UK, the MG Car Club has more than a million loyal fans, making it by far one of the world's largest clubs for a single car brand. MG, the iconic British Racing Sports Brand has evolved into a modern-day innovative brand through the last 93 years.

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