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SAIC Motor placed 85th in Global Fortune 500

05 Aug 2014|2,184 views

SAIC Motor is placed 85th among top 500 Global Fortune firms as MG celebrates its 90th anniversary and rapid expansion of retailer network in the U.K.

Since the launch of the MG3, MG has become the fastest growing automotive brand in the U.K. with 50 retailers in total, 22 of which commenced operations in 2014

Amongst the automotive industry, the top three automakers include Volkswagen, Toyota and Daimler, capturing eighth, ninth and 20^th placing respectively.

SAIC Motor is the market leader for sales in China, and achieved record global manufacturing and sales of over 5.1 million units last year, an increase of 13.71 percent on 2012 sales.

It is also the first Chinese automotive manufacturer to exceed five million units in a year. 230,000 units of this extraordinary end of year figure can be attributed to global sales of the MG and Roewe (formerly Rover) marques.

SAIC Motor continues to grow as a leader in independent technology innovation, with recently announced new powertrain developments and the industrialisation of new energies, as well as the launch of the first manufacturer owned O2O commerce platform.

SAIC has sought to strengthen overseas operation and expand distributions in developing markets, specifically with the opening of a SAIC manufacturing facility in Thailand this year, which would enable the firm to expand into South East Asia, with production capacity expected to be around 50,000 vehicles annually.

2014 also marks the celebrations of the 90^th anniversary of the MG marque and the most successful year to date for MG Motor U.K. Last month, MG announced that the Birmingham based manufacturer had exceeded 2013 total sales in just the first five months 2014. The success can be attributed to the September 2013 launch of the MG3 supermini and expansion of the MG6 diesel powertrain family.

The U.S. based Fortune publication announced this year's Global Fortune 500, with MG parent company, SAIC Motor, breaking into the top 100 list, after moving up 18 places from last year's result. SAIC Motor is rated at 85^th in the annual Fortune 500 list, with yearly sales revenue of $92 billion in 2013, with U.S. giant Wal-Mart retaining the number one spot.

Amongst the automotive industry, the top three automakers include Volkswagen, Toyota and Daimler, capturing eighth, ninth and 20^th placing respectively.

SAIC Motor is the market leader for sales in China, and achieved record global manufacturing and sales of over 5.1 million units last year, an increase of 13.71 percent on 2012 sales.

It is also the first Chinese automotive manufacturer to exceed five million units in a year. 230,000 units of this extraordinary end of year figure can be attributed to global sales of the MG and Roewe (formerly Rover) marques.

SAIC Motor continues to grow as a leader in independent technology innovation, with recently announced new powertrain developments and the industrialisation of new energies, as well as the launch of the first manufacturer owned O2O commerce platform.

SAIC has sought to strengthen overseas operation and expand distributions in developing markets, specifically with the opening of a SAIC manufacturing facility in Thailand this year, which would enable the firm to expand into South East Asia, with production capacity expected to be around 50,000 vehicles annually.

2014 also marks the celebrations of the 90^th anniversary of the MG marque and the most successful year to date for MG Motor U.K. Last month, MG announced that the Birmingham based manufacturer had exceeded 2013 total sales in just the first five months 2014. The success can be attributed to the September 2013 launch of the MG3 supermini and expansion of the MG6 diesel powertrain family.