SAIC ranks 10th position on China’s Top 500 Enterprises list

Registering 630 billion yuan ($99.43 billion) in sales revenue in 2014, SAIC Motor Corp took the 10th place on the rankings of China’s Top 500 Enterprises list released by the China Enterprise Confederation/China Enterprise Directors Association (CEC/CEDA) recently.

As an auto industry leader, the company was ranked the second among China’s top 500 manufacturers, according to the CEC/CEDA.

In addition to continuous improvement on operation performance, the group sticks to the philosophy of a coordinated development of the economy, environment and society and had made every effort to honor its social obligations and present an image of being “responsible, reliable, pioneering and innovative”.

Despite the Chinese economy continued to slow down, SAIC managed to ensure a steady growth last year. Its car sales hit 5.62 million units in 2014, up 10.1 percent year-on-year, maintaining a leading position on the domestic market.

With last year’s sales revenue of $102.25 billion, SAIC was ranked 60th on the Fortune Global 500 list, climbing 25 places from 2013.

In the first half of 2015, SAIC sold 2.86 million cars, boosting its market share to 23.5 percent, 0.4 percentage points higher from the same period of last year. Car sales of Shanghai Volkswagen and Shanghai GM continued to sit on the top three of Chinese passenger vehicle enterprises, while SAIC GM Wuling continued to be a minicar market leader in China and saw rapid growth in its passenger vehicles business, with supply of its newly-released MPVs and SUVs falling short of demand.

On the other hand, SAIC had also done its best to protect the environment, through efforts in the industrialization of new energy vehicles as well as energy saving and emission reduction in the manufacturing process.

In recent years, SAIC has intensified investment in R&D of new energy vehicles, which covers a wide range of technological solutions – hybrid, pure electric and fuel cell – and a variety of products such as sedans and coaches. In 2014 alone, the company invested nearly 1 billion yuan in R&D. So far, 74 models – 14 passenger vehicles and 60 commercial vehicles – of SAIC’s have made the national new energy vehicle recommendation catalog. Among them, Roewe E50 pure electric and Roewe 550 plug-in hybrid have successfully debuted on the market, with the latter expecting to see sales exceed 10,000 units this year.

Also, SAIC has been investing in energy-saving projects in fields including utilization of industrial waste heat, energy-efficient motors, chilled water storage, energy-efficient water heating technology and photovoltaic power generation. The company has cut energy consumption to 0.03 tons of standard coal per 10,000 yuan of industrial output, one of the lowest among Chinese enterprises in the manufacturing industry. SAIC has placed a strict control on discharge of pollutants and stepped up recycling and reuse of wastes. For example, the comprehensive utilization rate of industrial wastes reaches 91 percent at  Shanghai Volkswagen, a joint venture between SAIC and Volkswagen.

As an industry leader, SAIC has created significant economic and environmental benefits, but also shouldered social responsibilities like making tax payment and boosting employment.

In 2014, the company paid more than 82.6 billion yuan in taxes and provided over 8,800 new jobs.

And this year, SAIC has unveiled the company’s visions, missions and values. The group will continue to pursue a sustainable development and contribute to China’s economy as well as its energy saving and environmental protection initiatives, as part of the effort to help realize the Chinese dream of forging a powerful auto industry.

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