Saic Motor Corporation Limited (China)

Saic Motor Corporation Limited is a company located in Shanghai, China. The company's main business includes research and development, production, and sales of vehicles (including passenger and commercial vehicles) and components (including engines, transmissions, powertrains, chassis, interior and exterior decorations, electronics, and electrical systems). They also engage in automotive service trade business, including automotive finance. In recent years, the company has faced challenges due to the overall stability of China's macroeconomic operation and increased downward pressure. The domestic automotive market has been affected by various international and domestic factors, resulting in sluggishness. To address this market situation, the company focuses on improving the effectiveness of vehicle retail business and achieving balanced development among the vehicle, component, and service trade sectors. They also emphasize synergy between these sectors. Additionally, the company aims to enhance innovation and responsibility consciousness, exploring ways to improve core competitiveness and international business capabilities through independent innovation and overseas operations.