China’s Competitiveness: SAIC Motor Corporation
January 31, 2013
CSIS and Japan’s 21st Century Public Policy Institute have looked at five Chinese firms (Huawei, Lenovo, Suntech, Shanghai Auto, and China South Locomotive), examining the factors that led to their rise, their current state of competitiveness, and the policy implications. In addition to the case studies, a report was also done on the Chinese industrial policymaking process. The policymaking report serves as a primer on the policymaking process and provides an in depth look at actual cases, including the strategic emerging industries policy development. This project was made possible by generous support from the Sasakawa Peace Foundation.
SAIC Motor Corporation is China’s largest vehicle manufacturer. It is a state-owned enterprise (SOE) directly held by the State Assets Supervision Administration Commission, comprising 16 subsidiary companies. SAIC Motor operates three of China’s most financially successful international joint ventures (IJVs), one with Volkswagen and two with General Motors. SAIC Motor sold 4 million vehicles in 2011 and had a consolidated income of over $54 billion. Aside from whole vehicle manufacturing, SAIC Motor is increasingly focusing on services, such as auto sales, financing, and rentals. SAIC Motor also owns its own brands, Roewe and MG.