Is SAIC a central enterprise or a state-owned enterprise?

SAIC is a state-owned enterprise. SAIC generally refers to Shanghai Automobile Group Co., Ltd., and the state-owned Shanghai Automobile Industry (Group) Corporation is the controlling shareholder of SAIC.

Introduction to SAIC:

As a leading automobile listed company in China, Shanghai Automobile Group Co., Ltd. strives to grasp the industrial development trend and accelerate the innovation and transformation, and is developing from a traditional manufacturing enterprise to a comprehensive supplier of mobile travel services and products for consumers.

SAIC, a leading automobile enterprise in China, has the most complete pedigree of new energy products in the world, including plug-in hybrid vehicles, pure electric vehicles and hydrogen fuel vehicles; The technical performance of the fuel cell system developed by SAIC is equivalent to the world's leading level, and related technologies have taken the lead in realizing the product landing; Leading domestic automobile listed companies; SAIC Motor Group's automobile sales 16 years remained the first in the country. China ranked first in overseas sales of car companies for six consecutive years.

SAIC independently controls the leading core technologies in China (battery, electric drive and electronic control system); The global layout of key technologies such as a new generation of lithium batteries, solid-state batteries and IGBT electric drive modules has been realized.

The main vehicle companies affiliated to SAIC include Passenger Car Branch, SAIC Datong, Intimate Automobile, Fan Fei Automobile, Shanghai Volkswagen, Shanghai GM, SAIC-GM-Wuling, Nanjing Iveco, SAIC Hongyan and Shanghai Shenwo.