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SAIC Motor

Automotive ManufacturingFounded 1955
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
11 historical events · Editorial analysis

SAIC Motor Company Profile: Revenue, Business Model & Strategy

Research depth: 11 milestones · 8 FAQs

SAIC Motor Corporation Limited is a state-controlled Chinese automaker based in Shanghai. Its roots date to 1955. It reported 2025 revenue of ~$91.2 billion (CN¥656.24 billion) and net profit of ~$1.41 billion (CN¥10.11 billion), and sold 4.507 million vehicles. Jia Jianxu is president and Wang Xiaoqiu is chairman.

How SAIC Motor makes money: SAIC makes money mainly by building and selling vehicles. Revenue is consolidated from its own brands (MG, Roewe, IM Motors, Maxus/LDV), from consolidated joint ventures, and from parts maker HASCO (Huayu Automotive…

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2025)~$91.2B
Employees179,797
CEOJia Jianxu
Founded1955
IndustryAutomotive Manufacturing
By Swet ParvadiyaLast reviewed:
Data sources: annual reports, SEC filings, methodology
Industry:Automotive Manufacturing

SAIC Motor key figures

SAIC Motor had revenue of ~$91.2B for fiscal year 2025, up 4.6% from FY2024. Net income was ~$1.4B, a net margin of 1.5%.

Source: SAIC Motor Corporation (SHA:600104) annual reports, as compiled by S&P Global (via StockAnalysis) · Last reviewed October 2026

Revenue growth, FY2021 to FY2025
-4.2% a year
Compound annual rate, ~$108.4B to ~$91.2B
Peak revenue year
FY2021
~$108.4B; the latest reported year is 15.8% below the peak
Revenue per employee
~$507,338
FY2025 revenue divided by 179,797 employees; headcount may use another date
Documented transactions
7
Between 2004 and 2026
Founded
1955
71 years ago
Where was SAIC Motor founded?
SAIC Motor was founded in Shanghai, China in 1955.
When did SAIC Motor start?
SAIC Motor was founded in 1955.
Who founded SAIC Motor?
SAIC Motor was founded by Chen Xianglin.
How old is SAIC Motor?
SAIC Motor is 71 years old as of 2026.
In-Depth Analysis
191 words · 1 min read

SAIC Motor Corporation Limited is a state-controlled automaker based in Shanghai and listed on the Shanghai Stock Exchange (600104). In 2025 it reported revenue of ~$91.2 billion (CN¥656.24 billion), net profit of ~$1.41 billion (CN¥10.11 billion) and wholesale sales of 4.507 million vehicles, including 1.071 million overseas. It is led by chairman Wang Xiaoqiu and president Jia Jianxu.

What does SAIC Motor do?

  • Own brands: MG, Roewe, IM Motors and Maxus (LDV), which made up nearly 65% of 2025 sales.
  • Joint ventures: SAIC Volkswagen, SAIC General Motors and SAIC-GM-Wuling.
  • Parts and services: HASCO auto parts, Anji Logistics and auto finance.

How does SAIC Motor make money?

Most revenue comes from vehicle sales by its own brands and consolidated ventures. SAIC also books its share of profit from the 50:50 VW and GM joint ventures, plus parts, finance and logistics income.

Recent performance

After revenue fell to ~$87.2 billion (CN¥627.6 billion) and profit to ~$232 million (CN¥1.67 billion) in 2024, SAIC rebounded in 2025. In the first half of 2026 it sold 2.045 million vehicles and overseas sales rose 48.7% to 735,000, but net profit slipped 14.4% to ~$716 million (CN¥5.15 billion).

Table of Contents

SAIC Motor Key Facts

CompanySAIC Motor
Annual revenue change+4.6% (FY2024–FY2025)
Financials~$91.2B (FY2025, last reviewed October 2026)
Market Cap$17.0B
FY2025 net income~$1.4B
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded1955
Founder(s)Chen Xianglin
CEOJia Jianxu
HeadquartersShanghai, China
IndustryAutomotive Manufacturing
Employees179,797+

SAIC Motor Company Profile: Revenue, Business Model & Strategy

"SAIC Motor sold 4.507 million vehicles in 2025, earned ~$91.2 billion (CN¥656.24 billion) in revenue, and shipped 1.071 million cars overseas, mostly under the British-born MG badge."

Why SAIC Motor Wins

SAIC wins on scale (4.507 million vehicles in 2025), a head start in exports with MG, profitable long-running joint ventures, and its own parts and logistics arms, HASCO and Anji Logistics.

SAIC Motor operates in a competitive market alongside BYD Company Ltd, Toyota Motor Corporation, General Motors Company, Ford Motor Company. Analysts frequently compare SAIC Motor and BYD Company Ltd due to their overlapping products, target markets, and strategic positioning. See full comparison →

SAIC Motor Corporation Limited is a state-controlled Chinese automaker based in Shanghai. Its roots date to 1955. It reported 2025 revenue of ~$91.2 billion (CN¥656.24 billion) and net profit of ~$1.41 billion (CN¥10.11 billion), and sold 4.507 million vehicles. Jia Jianxu is president and Wang Xiaoqiu is chairman.

Revenue

~$91.2B

Founded

1955

Employees

180K+

Market Cap

$17.0B

Author: CorpDigest Research DeskCompany Research

Key Facts

  • Founded: SAIC Motor was established in 1955 and is headquartered in Shanghai, China.
  • Revenue: SAIC Motor had ~$91.2B in annual revenue (FY2025).
  • Valuation: Market capitalization of approximately $17.0B.
  • Scale: SAIC Motor employs 179,797 people globally.
  • Business Model: SAIC makes money mainly by building and selling vehicles.
  • Competitive Edge: SAIC's advantages are scale, a long head start in exports and a well-known Western brand.

How SAIC Motor Makes Money

Capital Allocation & Scaling Mechanics

SAIC makes money mainly by building and selling vehicles. Revenue is consolidated from its own brands (MG, Roewe, IM Motors, Maxus/LDV), from consolidated joint ventures, and from parts maker HASCO (Huayu Automotive Systems). It also earns investment income from its 50:50 joint ventures with Volkswagen and GM, interest income from auto finance arms such as SAIC-GMAC and SAIC Finance, and fees from logistics unit Anji Logistics. Own-brand sales reached 2.928 million units in 2025, up 21.6%, as the group shifted away from reliance on foreign partners.

Explore SAIC Motor In Depth

📅SAIC Motor History & Milestones💼How SAIC Motor Makes Money📊SAIC Motor Revenue & Financials⚔️SAIC Motor Competitive Strategy & SWOT👤SAIC Motor Founders & Origin Story🏆SAIC Motor CEO History & Leadership🤝SAIC Motor Acquisitions & Deals

What Is SAIC Motor's Growth Strategy?

SAIC's growth plan centres on its own brands and overseas markets. MG is the export spearhead, with local assembly in Thailand, Indonesia and India and plans for more local production to work around tariffs. At home, SAIC is moving Roewe, MG and IM Motors onto new EV and plug-in hybrid platforms, and working with partners such as Huawei, Audi and Alibaba on software and premium models.

How Much Revenue Does SAIC Motor Generate?

Revenue peaked at ~$108 billion (CN¥779.8 billion) in 2021, then fell to ~$87.2 billion (CN¥627.6 billion) in 2024 as joint-venture volumes shrank, and net profit dropped to ~$232 million (CN¥1.67 billion) that year. 2025 brought a rebound: revenue rose 4.6% to ~$91.2 billion (CN¥656.24 billion) and attributable net profit rose to ~$1.41 billion (CN¥10.11 billion). In the first half of 2026 revenue was flat at ~$41.5 billion (CN¥298.65 billion), net profit fell 14.4% to ~$716 million (CN¥5.15 billion), and operating cash flow rose 158% to ~$7.55 billion (CN¥54.3 billion). The board proposed a 2025 cash dividend of CN¥2.66 per 10 shares, about $423 million (CN¥3.04 billion) in total. SAIC Motor Corporation Limited is a colossal Chinese state-owned automotive design and manufacturing company, sustaining a market valuation typically exceeding $20 billion.

Financial MetricEstimated Value
Market Capitalization$17.0B
Employee Count179,797 +
Latest Annual Revenue~$91.2B (FY2025)

Historical Revenue Chart

SAIC Motor Annual Revenue History

Figures are in the currency each year was reported in.

Fiscal YearRevenue FigureYoY Change
FY2021~$108.4BN/A
FY2022~$103.4B-4.6%
FY2023~$103.5B+0.1%
FY2024~$87.2B-15.7%
FY2025~$91.2B+4.6%

The source for each year is listed on the SAIC Motor financials page.

Core Strength

One of China's two largest car groups, with purchasing power and an in-house parts arm (HASCO).

Key Weakness

SAIC-GM and SAIC-GM-Wuling wholesale fell 11% in H1 2026 as foreign brands lose share in China.

Deep Dive into SAIC Motor SWOT Analysis

Who Are SAIC Motor's Main Competitors?

SAIC's main rivals are BYD, Geely, Chery, Changan and Great Wall in China, and Toyota, Volkswagen and Hyundai abroad. BYD passed SAIC as China's top-selling carmaker in 2024 on the back of plug-in hybrids and EVs. SAIC answered by pushing its own brands, which grew 21.6% in 2025. Abroad it competes with BYD and Chery for the title of top Chinese exporter, with MG as its lead brand in Europe. MG gives SAIC an established dealer network in the UK, Europe, Australia, India and the Middle East, and the group owns its parts supplier, HASCO, and its car logistics arm, Anji Logistics. Revenue peaked at ~$108 billion (CN¥779.8 billion) in 2021 and fell to ~$87.2 billion (CN¥627.6 billion) in 2024, when net profit dropped to ~$232 million (CN¥1.67 billion). The pressure is on its joint ventures: wholesale shipments from SAIC-GM and SAIC-GM-Wuling fell from 975,000 in the first half of 2025 to 865,000 in the first half of 2026, according to GM filings.

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What Is SAIC Motor's Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

1955 -

Shanghai consolidates auto repair and parts workshops, the base from which SAIC later grew.

1958 -

The Shanghai Automobile Assembly Plant builds the Phoenix, Shanghai's first passenger car.

1984 -

China's first car joint venture is signed to build the Volkswagen Santana in Shanghai.

1997 -

SAIC and GM set up a 50:50 joint venture in Shanghai to build Buick cars.

2004 -

SAIC bought a 48.9 percent stake in the South Korean carmaker SsangYong Motor in 2004 for about $500 million.

2006 -

SAIC launched the Roewe brand in 2006, using technology it had bought from MG Rover.

2007 -

SAIC takes over Nanjing Automobile, uniting MG and Rover-derived assets under one roof.

2018 -

SAIC sold more than 7 million vehicles in 2018, its highest annual total.

2020 -

SAIC, Alibaba and Zhangjiang Hi-Tech set up premium EV brand IM Motors.

2024 -

Wang Xiaoqiu becomes chairman and Jia Jianxu president, the year BYD overtakes SAIC as China's top-selling carmaker.

2025 -

Revenue rises 4.6% to ~$91.2 billion (CN¥656.24 billion), net profit recovers to ~$1.41 billion (CN¥10.11 billion), and wholesale sales reach 4.507 million.

Risks & Weaknesses

Analytical Assessment

Primary Risk Factor

The biggest risks are the domestic price war, further share losses at the VW and GM joint ventures, EU tariffs on Chinese-built EVs, and pressure on profits, which fell 14.4% in the first half of 2026.

Risk assessment based on public filings, SWOT analysis, and verified industry data. Not financial advice.

How Did SAIC Motor Start and Grow?

Established

1955

Fiscal Revenue (FY2025)

~$91.2B

Workforce

180K+

HQ Location

Shanghai, China

Key Turning Point

: The Strategic Shift That Created a Behemoth

Pivoted from small-scale state workshop manufacturing to industrial mass-production with Volkswagen Group.

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Explore SAIC Motor In Depth

Detailed research across every dimension of SAIC Motor — history, financials, leadership, and strategy.

Company History

SAIC Motor is Shanghai's state-owned automaker and one of the biggest car companies in China. It is controlled by Shanghai Automotive Industry Corporation (Group), which reports to the Shanghai SASAC.

Full SAIC Motor history →

Revenue & Financials

SAIC Motor had ~$91.2B in revenue for fiscal year 2025. Data covers 5 fiscal years. Market capitalization stands at approximately $17B.

SAIC Motor financials →

Founders

SAIC Motor was founded by Chen Xianglin in 1955. Explore each founder's background, motivations, and their role in building the company.

SAIC Motor founders →

CEO & Leadership

SAIC Motor is currently led by Jia Jianxu. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

SAIC Motor CEO history →

Business Model

SAIC makes money mainly by building and selling vehicles. Revenue is consolidated from its own brands (MG, Roewe, IM Motors, Maxus/LDV), from consolidated joint ventures, and from parts maker HASCO (Huayu Automotive…

How SAIC Motor makes money →

Acquisitions

SAIC Motor has completed 7 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

SAIC Motor acquisitions →

Competitive Strategy

SAIC's growth plan centres on its own brands and overseas markets. MG is the export spearhead, with local assembly in Thailand, Indonesia and India and plans for more local production to work around tariffs.

SAIC Motor strategy →

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CorpDigest Research Desk

 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Frequently Asked Questions About SAIC Motor

How does SAIC Motor make money?

SAIC makes most of its money selling cars and vans under its own brands (MG, Roewe, IM Motors, Maxus) and through consolidated joint ventures such as SAIC-GM-Wuling. It also earns income from parts maker HASCO, its share of profits from joint ventures with Volkswagen and GM, auto finance and Anji Logistics. Revenue was ~$91.2 billion (CN¥656.24 billion) in 2025.

Who owns SAIC Motor?

SAIC Motor is listed on the Shanghai Stock Exchange (600104), but control sits with state-owned Shanghai Automotive Industry Corporation (Group), which is overseen by the Shanghai State-owned Assets Supervision and Administration Commission (SASAC).

Who is the CEO of SAIC Motor?

Jia Jianxu has been president of SAIC Motor, its top executive role, since 2024. He previously ran SAIC Volkswagen. Wang Xiaoqiu, the former president, has been chairman since 2024.

Who are SAIC Motor's main competitors?

In China, SAIC competes with BYD, Geely, Chery, Changan and Great Wall, as well as Toyota and other foreign brands. In export markets its MG brand competes with BYD, Chery, Toyota, Hyundai-Kia and Volkswagen.

How many cars does SAIC Motor sell?

SAIC sold 4.507 million vehicles wholesale and 4.67 million at retail in 2025. In the first half of 2026 it sold 2.045 million vehicles, including 735,000 overseas.

Does SAIC own MG?

Yes. MG came to SAIC through its 2007 merger with Nanjing Automobile, which had bought MG after MG Rover collapsed in 2005. MG is now SAIC's main export brand.

What is SAIC-GM-Wuling?

SAIC-GM-Wuling is a joint venture controlled by SAIC with General Motors and Guangxi Automobile Group. It makes Wuling and Baojun cars, including the low-cost Hongguang MINI EV launched in 2020.

What is IM Motors?

IM Motors is SAIC's premium EV brand, set up in 2020 with Alibaba and Shanghai Zhangjiang Hi-Tech Park. Its models include the IM L6, LS6 and LS7.

Analysis: How SAIC Motor Makes Money

Deep dive into the SAIC Motor business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

SAIC Motor vs BYD Company Ltd

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Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

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Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Explore Related Pages for SAIC Motor

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Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.