The brand is ranked 7th among all global automakers
China’s SAIC Motor has achieved its highest ever position on the Fortune 500 list, ranking first among Chinese auto companies. Appearing on the prestigious list for a 14th consecutive year, SAIC Motor has been ranked number 36 by US-based Fortune magazine, five places higher than the previous year.
The accolade follows the brand achieving a sales revenue of US$ 128.82bn and car sales of 6.93 million units in the 2017 financial year, a 6.8% increase on the previous year.
Already well established globally, SAIC Motor has sales networks in 13 core countries and regions including ASEAN, Middle East, Africa, Europe and Oceania, as well as an innovation centre in Silicon Valley.
As the largest auto manufacturer in China, the brand was ranked 7th among all global automakers on the Fortune 500 List, ahead of brands such as BMW and Hyundai.
In the first half of 2018, SAIC Motor’s sales volume of new-energy vehicles amounted to 57,000 units with a year-on-year growth rate of 275% growth rate more than twice the market average.
“In the future, SAIC Motor will continue to develop new-energy cars, connected vehicles and automated driving to enhance our global and Middle East footprint as we continue to focus on being a world leader in innovation,’’ asserted Tom Lee, Middle East Managing Director.
As part of this global focus, SAIC Motor has been expanding its presence in the Middle East since opening its headquarters in Dubai’s Jebel Ali Free Zone in November 2015. Recently, the brand has introduced a fresh line up of vehicles to the region and expanded its distribution network with the appointment of new partners in the UAE and Saudi Arabia within the last 12 months.
