Is Shanghai Automobile Group Co., Ltd. a state-owned enterprise?

Shanghai Automobile Group Co., Ltd. is a state-owned enterprise.

Shanghai Automotive Group Co., Ltd., referred to as SAIC for short, is the largest shareholder of Shanghai Automotive Industry (Group) Co., Ltd., with a shareholding ratio of 62.687%. It is a leading automobile listed company in China, and the actual controller is Shanghai State-owned Assets Supervision and Administration Commission.

Since its establishment, SAIC's main business areas include vehicle R&D, manufacturing and sales, including passenger cars and commercial vehicles. Its main vehicle companies are: confidant, SAIC Passenger Car Branch, Fan Fei Automobile, SAIC Volkswagen, SAIC-GM, SAIC-GM-Wuling, SAIC Chase, Nanjing Iveco, SAIC Light Truck, Shanghai Shenwo, etc. In 2022, the automobile sales volume was 5.303 million, with 65,438 vehicles in a row.

As of August, 2023, SAIC achieved a comprehensive operating income of 1 106 billion USD SAIC 2022, ranking 84th in Fortune Global 500, and maintaining a leading position among China automobile enterprises on this list, which also indicates that SAIC has been ranked 65438th continuously since it first entered the Top 100 in 20 14.

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