Is Shanghai SAIC a state-owned enterprise?

Yes According to enterprise inquiries, Shanghai SAIC is a listed joint-stock company controlled by state-owned shares and wholly owned by Shanghai SASAC, so Shanghai SAIC is a state-owned enterprise controlled and supervised by Shanghai SASAC. As a leading automobile listed company in China, Shanghai SAIC Motor Group Co., Ltd. strives to grasp the industrial development trend and accelerate the innovation and transformation, and is developing from a traditional manufacturing enterprise to a comprehensive supplier of mobile travel services and products for consumers.