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What is Shanghai Automotive Industry Corporation mean?
SAIC Motor Corporation Limited (SAIC, formerly Shanghai Automotive Industry Corporation) is a Chinese state-owned multinational automotive design and manufacturing company headquartered in Shanghai, China. A Fortune Global 100 company and one of the "Big Four" state-owned Chinese automakers (along with Changan Automobile, FAW Group, and Dongfeng Motor Corporation), the company had the largest production volume of any Chinese automaker in 2014, making more than 4.5 million vehicles. Its manufacturing mix is not wholly consumer offerings, however, with as many as one million SAIC passenger vehicles being commercial vans. As of 2021, SAIC is the second largest Chinese automaker and the twelfth-largest worldwide by production.
SAIC traces its origins to the early years of the Chinese automobile industry in the 1940s, and SAIC was one of the few carmakers in Mao's China, making the Shanghai SH760. Currently, it participates in the oldest surviving sino-foreign car making joint venture, with Volkswagen, and in addition has had a joint venture with General Motors since 1998. SAIC products sell under a variety of brand names, including those of its joint venture partners. Two notable brands owned by SAIC itself are MG, a historic British car marque, and Roewe.
referencePosted on 30 Apr 2022, this text provides information on Miscellaneous in Messaging related to Messaging. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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