The
Shanghai Automotive Industry Corporation is a
ChineseThe People's Republic of China , commonly known as China, is the largest country in East Asia and the most populous in the world with over 1.3 billion people, approximately one-fifth of the world's population...
automobile manufacturer which ranks the third among the "Big Five" Chinese automakers (the other four are
First Automobile WorksChina FAW Group Corporation is a state-owned enterprise and China's first automobile manufacturer. It is a maker of light, medium, and heavy-duty trucks, automobiles, municipal and touring buses, custom bus chassis, mini-vehicles and auto parts...
,
Dongfeng Motor CorporationDongfeng Motor Corporation is a Chinese automobile manufacturer, which ranks second among the "Big Five" Chinese automakers...
,
Chang'an MotorsChang'an Automobile Co., Ltd. is an automobile manufacturer in Chongqing, China.The company has three joint ventures to build automobiles with Chinese, Japanese, and Western auto companies...
, and
Chery AutomobileChery Automobile is an automobile manufacturer in China.It is owned by the local government of Wuhu, Anhui province , and sold about 381,000 vehicles in 2007...
).
SAIC partnered with General Motors to form
Shanghai GMEstablished on June 12, 1997, Shanghai General Motors , one of the largest Sino-US auto companies, is a 50-50 joint venture partnership between SAIC Motor and General Motors with a total investment of USD2.663 billion and a registered capital of USD1.083 billion.With the vision of Domestically...
,
SAIC-GM-Wuling AutomobileSAIC-GM-Wuling Automobile is a joint venture between General Motors and Shanghai Automotive Industry Corporation of China and Wuling Automobile Co., Ltd...
, and the
Pan-Asia Technical Automotive CenterThe Pan-Asia Technical Automotive Center is a joint venture between General Motors and Shanghai Automotive Industry Corporation. It is a design and engineering center in Shanghai, China, and is involved in engineering for GM products, including the GM Theta platform and Saturn Vue. GM Daewoo's...
. SAIC also partnered with
Volkswagen GroupVolkswagen Group is a German automobile manufacturing group, currently the third largest automobile maker in the world, and the largest in Europe...
in the formation of
Shanghai Volkswagen AutomotiveShanghai Volkswagen Automotive Co., Ltd. is a joint venture company between Volkswagen Group and Shanghai Automotive Industry Corporation established in 1984. The company is headquartered in Anting International Auto City, northwest of Shanghai city, in the People's Republic of China...
.
SAIC bought a 20% stake of
CheryChéry is a commune in the Cher département of the Centre region of France.-Geography:An area of farming and forestry, comprising of the main village and a hamlet, situated in the valley of the river Arnon some south of Vierzon, at the junction of the D75, D165 and the D68...
in 2001 but it was sold back to Chery in 2004 and in late 2004 took a 51% stake of
SsangYong Motor CompanySsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.-History:It was founded as Hadonghwan Motor Company in 1954 and started by building jeeps for the US Army. Beginning in 1976, Hadonghwan produced a variety of special purpose...
.
On December 2007, SAIC took over the Nanjing Automobile company, albeit dubbed a merger
Car brands owned by SAIC:
- Roewe (ex-Rover models)
- Nanjing Automobile (Group) Corporation including MG Cars
- SsangYong
SsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.-History:It was founded as Hadonghwan Motor Company in 1954 and started by building jeeps for the US Army. Beginning in 1976, Hadonghwan produced a variety of special purpose...
(51%)
SAIC's Joint Ventures:
- Shanghai Volkswagen Automotive
Shanghai Volkswagen Automotive Co., Ltd. is a joint venture company between Volkswagen Group and Shanghai Automotive Industry Corporation established in 1984. The company is headquartered in Anting International Auto City, northwest of Shanghai city, in the People's Republic of China...
- Shanghai General Motors Corporation
Established on June 12, 1997, Shanghai General Motors , one of the largest Sino-US auto companies, is a 50-50 joint venture partnership between SAIC Motor and General Motors with a total investment of USD2.663 billion and a registered capital of USD1.083 billion.With the vision of Domestically...
- SAIC-GM-Wuling Automobile
SAIC-GM-Wuling Automobile is a joint venture between General Motors and Shanghai Automotive Industry Corporation of China and Wuling Automobile Co., Ltd...
Other automotive companies owned by SAIC:
- Shanghai-Sunwin Bus Corporation
- Shanghai-Huizhong Automotive Manufacturing
- Shanghai-Xingfu Motorcycle
- Shanghai-New Holland Agricultural Machinary
- Shanghai-Pengpu Machinary
In August 2004, it was learned that SAIC was in talks to buy Britain's
MG Rover GroupMG Rover was the last domestically owned mass-production car manufacturer in the British motor industry. The company was formed when BMW sold the car-making and engine manufacturing assets of the original Rover Group to the Phoenix Consortium in 2000....
.
The
Shanghai Automotive Industry Corporation is a
ChineseThe People's Republic of China , commonly known as China, is the largest country in East Asia and the most populous in the world with over 1.3 billion people, approximately one-fifth of the world's population...
automobile manufacturer which ranks the third among the "Big Five" Chinese automakers (the other four are
First Automobile WorksChina FAW Group Corporation is a state-owned enterprise and China's first automobile manufacturer. It is a maker of light, medium, and heavy-duty trucks, automobiles, municipal and touring buses, custom bus chassis, mini-vehicles and auto parts...
,
Dongfeng Motor CorporationDongfeng Motor Corporation is a Chinese automobile manufacturer, which ranks second among the "Big Five" Chinese automakers...
,
Chang'an MotorsChang'an Automobile Co., Ltd. is an automobile manufacturer in Chongqing, China.The company has three joint ventures to build automobiles with Chinese, Japanese, and Western auto companies...
, and
Chery AutomobileChery Automobile is an automobile manufacturer in China.It is owned by the local government of Wuhu, Anhui province , and sold about 381,000 vehicles in 2007...
).
SAIC partnered with General Motors to form
Shanghai GMEstablished on June 12, 1997, Shanghai General Motors , one of the largest Sino-US auto companies, is a 50-50 joint venture partnership between SAIC Motor and General Motors with a total investment of USD2.663 billion and a registered capital of USD1.083 billion.With the vision of Domestically...
,
SAIC-GM-Wuling AutomobileSAIC-GM-Wuling Automobile is a joint venture between General Motors and Shanghai Automotive Industry Corporation of China and Wuling Automobile Co., Ltd...
, and the
Pan-Asia Technical Automotive CenterThe Pan-Asia Technical Automotive Center is a joint venture between General Motors and Shanghai Automotive Industry Corporation. It is a design and engineering center in Shanghai, China, and is involved in engineering for GM products, including the GM Theta platform and Saturn Vue. GM Daewoo's...
. SAIC also partnered with
Volkswagen GroupVolkswagen Group is a German automobile manufacturing group, currently the third largest automobile maker in the world, and the largest in Europe...
in the formation of
Shanghai Volkswagen AutomotiveShanghai Volkswagen Automotive Co., Ltd. is a joint venture company between Volkswagen Group and Shanghai Automotive Industry Corporation established in 1984. The company is headquartered in Anting International Auto City, northwest of Shanghai city, in the People's Republic of China...
.
SAIC bought a 20% stake of
CheryChéry is a commune in the Cher département of the Centre region of France.-Geography:An area of farming and forestry, comprising of the main village and a hamlet, situated in the valley of the river Arnon some south of Vierzon, at the junction of the D75, D165 and the D68...
in 2001 but it was sold back to Chery in 2004 and in late 2004 took a 51% stake of
SsangYong Motor CompanySsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.-History:It was founded as Hadonghwan Motor Company in 1954 and started by building jeeps for the US Army. Beginning in 1976, Hadonghwan produced a variety of special purpose...
.
On December 2007, SAIC took over the Nanjing Automobile company, albeit dubbed a merger
Brands
Car brands owned by SAIC:
- Roewe (ex-Rover models)
- Nanjing Automobile (Group) Corporation including MG Cars
- SsangYong
SsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.-History:It was founded as Hadonghwan Motor Company in 1954 and started by building jeeps for the US Army. Beginning in 1976, Hadonghwan produced a variety of special purpose...
(51%)
SAIC's Joint Ventures:
- Shanghai Volkswagen Automotive
Shanghai Volkswagen Automotive Co., Ltd. is a joint venture company between Volkswagen Group and Shanghai Automotive Industry Corporation established in 1984. The company is headquartered in Anting International Auto City, northwest of Shanghai city, in the People's Republic of China...
- Shanghai General Motors Corporation
Established on June 12, 1997, Shanghai General Motors , one of the largest Sino-US auto companies, is a 50-50 joint venture partnership between SAIC Motor and General Motors with a total investment of USD2.663 billion and a registered capital of USD1.083 billion.With the vision of Domestically...
- SAIC-GM-Wuling Automobile
SAIC-GM-Wuling Automobile is a joint venture between General Motors and Shanghai Automotive Industry Corporation of China and Wuling Automobile Co., Ltd...
Other automotive companies owned by SAIC:
- Shanghai-Sunwin Bus Corporation
- Shanghai-Huizhong Automotive Manufacturing
- Shanghai-Xingfu Motorcycle
- Shanghai-New Holland Agricultural Machinary
- Shanghai-Pengpu Machinary
MG Rover-SAIC Incompleted Negotiation
In August 2004, it was learned that SAIC was in talks to buy Britain's
MG Rover GroupMG Rover was the last domestically owned mass-production car manufacturer in the British motor industry. The company was formed when BMW sold the car-making and engine manufacturing assets of the original Rover Group to the Phoenix Consortium in 2000....
. In November, it was announced that SAIC could take a 70% stake in a joint venture company shared with MG Rover in return for its £1 billion investment.
In March 2005, Shanghai Automotive Industry Corporation (SAIC) and
Nanjing Automobile Corporation (NAC)The Nanjing Automobile Corporation is a state-owned enterprise with a history that dates back to 1947 and one of the oldest Chinese automobile manufacturers. At 2004, the group, with over 14,000 employees and 3,400,000 m² area, has total assets of RMB 12 billion and an annual production capacity...
announced their intentions of acquiring 50% and 20% shares of MG Rover respectively.
However, in April 2005, it emerged that SAIC would not proceed with the MG Rover deal, after concerns about the British automaker's financial stability. This news sent MG Rover into administration receivership.
SAIC had claimed that it had already acquired Intellectual Property Rights in some Rover products for £67 million in the autumn of 2004, including the Rover 25, the
Rover 75The Rover 75 is an executive car produced initially by the Rover Group at Cowley, Oxfordshire, UK, and later by MG Rover at their Longbridge site in Birmingham, UK...
and the Rover Powertrain K-series engine, but the Administrators advised that there was still interest in saving some other parts of the company, including MG, and Friday, 13 May 2005 was set as the deadline for bids from potential investors.
In June 2005, it emerged that SAIC held the rights to the
MG TFThe MG F, now called the MG TF, is a mid-engined, rear wheel drive roadster originally launched in 1995. It was the first all-new car to bear the MG marque since the launch of the MG MGB in 1962...
sports car. Commentators in the British media claimed that the rights were transferred by its former owner, MG Rover, to SAIC accidentally.
SAIC bid for MG Rover assets but on 22 July 2005, the Nanjing Automobile Corporation purchased the British Group for £53 million.
Having bought the rights to a number of Rover models, the group tried to purchase the
RoverThe Rover Company is a former British car manufacturing company founded as Starley & Sutton Co. of Coventry in 1878. After developing the template for the modern bicycle with its Rover Safety Bicycle of 1885, the company moved into the automotive industry...
name from
BMW Group, is a German automobile, motorcycle and engine manufacturing company. Founded in 1916, it is known for its performance and luxury vehicles. It owns and produces the MINI brand, and is the parent company of Rolls-Royce Motor Cars.-Company history:...
for £11m, but this bid also failed and the Rover brand eventually went to the Ford Motor Company Inc. of the USA after its exercised its right over the name following its purchase of
Land RoverLand Rover is a 4x4, SUV and all-terrain vehicle manufacturer, based in Solihull, West Midlands, England, now operated as part of the Jaguar Land Rover business owned by Tata Motors of India....
in 2000.
The company has plans to release an updated version of the
Rover 75The Rover 75 is an executive car produced initially by the Rover Group at Cowley, Oxfordshire, UK, and later by MG Rover at their Longbridge site in Birmingham, UK...
as the 750, under the main brand name of Roewe.
At the end of 2007, Nanjing Automobile Corporation entered Chinese Government-supported talks with SAIC about a possible merger. Their cars, MG 7 (NAC) and Roewe 750 (SAIC) share mechanical features. The takeover was completed on 26 December 2007, transferring all NAC assets to SAIC ownership, including the MG name and the Longbridge factory in the British West Midlands.
In December 2008, SAIC has been in talks with Ford to purchase Volvo for $6 billion.
See also
External links