SAIC Motor Secures 21st Consecutive Spot on Fortune Global 500, Driven by Innovation and Global Expansion
SAIC Motor has once again cemented its position as a global automotive powerhouse by being ranked 138th on the 2025 Fortune Global 500 list, announced on July 29 (Beijing time). The company recorded a consolidated revenue of $87.22 billion in 2024, marking its 21st appearance on this prestigious annual ranking of the world’s largest corporations by revenue.
This milestone highlights SAIC Motor’s continued resilience, innovation, and leadership in a rapidly evolving automotive landscape. Despite the challenging global economic environment, the company’s strong operational performance in both domestic and international markets has kept it at the forefront of the global auto industry.
Dominating the New Energy and Overseas Vehicle Markets
In 2024, SAIC Motor achieved remarkable milestones in its push toward electrification and globalization. The company delivered 1.368 million new energy vehicles (NEVs) and 1.082 million vehicles in overseas markets, making it the only Chinese automaker to sell over one million units in both NEVs and international markets for three consecutive years.
These achievements are a testament to SAIC’s robust supply chain, strong R&D capabilities, and successful brand strategies that resonate with global consumers. The figures also reflect the growing recognition of Chinese automotive technology and design excellence on the world stage.
Strong Growth in H1 2025 Underpins Strategic Momentum
In the first half of 2025, SAIC Motor pressed forward with structural reforms and innovation-led transformation. The company reported wholesale vehicle sales of 2.053 million units, a 12.4% year-on-year increase, while terminal deliveries stood at 2.207 million units. This performance reflects a steady recovery in consumer demand and improved sales momentum across all business segments.
Self-owned brands played a crucial role in driving this growth, accounting for 1.304 million units, a robust 21.1% year-on-year increase. SAIC’s NEV sales surged to 646,000 units, marking a 40.2% rise compared to the same period last year. Meanwhile, international sales reached 494,000 units, slightly up by 1.3%, despite facing various headwinds such as trade tariffs and geopolitical uncertainties.
Structural Reforms Accelerate Operational Efficiency
As part of its ongoing transformation, SAIC Motor integrated the management of its passenger and commercial vehicle divisions, creating a streamlined and agile operational framework. This integration has significantly boosted responsiveness to market changes and improved internal efficiency.
In the passenger vehicle segment, the company implemented comprehensive process optimizations, ranging from product definition to cost control. A fully agile development system has been adopted across the entire product development chain, cutting product development cycles to just 18 months — a significant reduction that enhances time-to-market competitiveness.
In the commercial vehicle segment, SAIC advanced with organizational restructuring and resource coordination, which further bolstered operational efficiency and supported sales growth.
SAIC Motor Passenger Vehicle Company reported sales of 368,000 units, up 9.8%, with domestic sales surging by 54.7%. SAIC Maxus delivered 107,000 units, up 11.2%, while SAIC-GM-Wuling Automobile (SGMW) reached an impressive 753,000 units, up 32.2% year-on-year.
Innovation Unlocks Next-Generation Technologies
SAIC Motor continues to invest heavily in R&D to maintain its competitive edge. One major breakthrough is its second-generation solid-state battery, offering significant improvements in energy density and safety.
The company also unveiled a new smart cockpit system developed in partnership with tech giant OPPO, which will first appear in the upcoming MG4 model. These innovations reflect SAIC’s commitment to user-centric, intelligent mobility solutions.
SAIC’s intelligent driving system, the IM AD, has also reached mass production and now powers the IM L6 model. Capable of handling complex traffic scenarios such as toll booths, U-turns, roundabouts, and pedestrian-heavy zones, the IM AD system reportedly provides safety levels 6.7 times higher than human driving.
Furthermore, over 28% of SAIC vehicles in H1 2025 were equipped with domestically developed chips. Collaborations with companies like Horizon Robotics are pushing the boundaries of chip integration in vehicles, with high-end chip deployment accelerating across SAIC’s production lines.
Global Strategy 3.0: A New Era of Localization and Global Standards
SAIC Motor’s international reach now spans over 170 countries and regions. It boasts one overseas market with over 300,000 units sold annually — Europe — and five regional markets (Americas, Middle East, Oceania, ASEAN, and South Asia) with over 50,000 annual sales each. Cumulatively, its overseas sales have surpassed 6 million units.
In the first half of 2025, SAIC launched Global Strategy 3.0, also referred to as the “Glo-cal Strategy,” which blends global standards with deeply localized operations. Despite rising trade barriers such as anti-subsidy tariffs, the MG brand achieved 153,000 unit sales in Europe, making it the top-selling Chinese car brand in the region.
According to data from the European Automobile Manufacturers’ Association (ACEA), MG’s new vehicle registrations grew by 18.6% year-on-year, significantly outpacing the overall market’s growth rate.
Over the next three years, SAIC plans to roll out 17 new models overseas, including SUVs, sedans, MPVs, and pickups — many of which will feature hybrid-electric (HEV) systems and solid-state batteries, targeting the mainstream global market with high-tech, high-efficiency mobility solutions.
SAIC Shangjie: A New Brand Born from Partnership with Huawei
In a major collaborative move, SAIC Motor has joined Huawei’s Smart Selection Vehicle program and launched a new brand — SAIC Shangjie. Focused on four pillars — style, technology, trust, and inclusivity — the brand leverages SAIC’s world-class manufacturing and Huawei’s intelligent mobility ecosystem.
The debut model, Shangjie H5, comes in battery electric and range-extended variants. The EV version delivers a CLTC range of up to 655 kilometers, while the range-extended version offers over 1,300 kilometers. The model is set to officially launch in September 2025, signaling SAIC’s bold move into the next generation of premium smart vehicles.
