 Shanghai Automotive Industry Corporation (Group)（hereafter referred to as “SAIC”）is one of the representatives of the automotive industry in China. It entered the Fortune Global 500 list on July 12, 2004 for a consolidated revenue of 11.7 billion USD of the previous year.
In the recent years, guided by its corporate values, SAIC has sped up its growth and struck new highs in sales. It sold 847,000 units in 2004, among which 617,000 are passenger cars. It realized a revenue of 165.3 billion RMB and an export of 700 million USD, thus fulfilling the objectives of the Tenth Five-year Plan in one’s advance.
At the end of 2004, SAIC restructured itself and established the SAIC MotorCorporation Ltd. After the transformation, SAIC would define its role as a comprehensive investment corporation in advanced manufacturing industry and modern service. It will go from good to better with efficient modern management.
Shanghai Automotive Industry Corporation (Group)（hereafter referred to as “SAIC”）is one of the representatives of the automotive industry in China. It entered the Fortune Global 500 list on July 12, 2004 for a consolidated revenue of 11.7 billion USD of the previous year.
In the recent years, guided by its corporate values, SAIC has sped up its growth and struck new highs in sales. It sold 847,000 units in 2004, among which 617,000 are passenger cars. It realized a revenue of 165.3 billion RMB and an export of 700 million USD, thus fulfilling the objectives of the Tenth Five-year Plan in one’s advance.
At the end of 2004, SAIC restructured itself and established the SAIC MotorCorporation Ltd. After the transformation, SAIC would define its role as a comprehensive investment corporation in advanced manufacturing industry and modern service. It will go from good to better with efficient modern management.
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