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Shanghai Automotive Industry Corporation

Shanghai Automotive Industry Corporation
Company nameShanghai Automotive Industry Corporation (Group)
Employees89,106 (annual average for 2009)

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Shanghai Automotive Industry Corporation (Group) ( ) abbreviated SAIC ( ) is a government-owned, Chinese vehicle manufacturer. Its parent company is the Shanghai State-owned Assets Supervision and Administration Commission. SAIC has several publicly listed subsidiaries including SAIC Motor Corporation Ltd (Sse - 600104, ) and HUAYU Automotive Systems Co Ltd (Sse - 600741, ).

Currently one of the top 4 Chinese automakers along with Chang'an Motors, FAW Group, and Dongfeng Motor, SAIC was the most-productive vehicle manufacturer in China in 2010 selling 3.56 million units.

The company dates to the very beginning of the Chinese automobile industry but has held a place near the top only during the last three decades or so. SAIC was one of the few carmakers in Mao's China, making the Shanghai SH760 for government officials not important enough to warrant a FAW Hong Qi. It also participates in the oldest surviving Sino-foreign car making joint venture, with Volkswagen, and also has a joint venture with General Motors.

SAIC products sell under a variety of brand names including those of its joint venture partners. The company boasts one of the few domestic Chinese luxury car brands, Roewe.

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