SAIC Motor ranks 60th on latest Fortune Global 500 list

MG ZS

Chinese state-owned automobile manufacturer SAIC Motor has ranked 60th on the latest Fortune Global 500 list. Compiled and published annually by Fortune Magazine, the Fortune Global 500 list ranks the top 500 corporations worldwide based on their revenue.

According to Fortune, SAIC Motor’s operating revenue in 2020 was US$107.56 billion.

Last year, SAIC Motor sold 5.6 million vehicles, including 2.599 million vehicles from its self-owned brands including Roewe, MG, Maxus, Wuling, and Hongyan. SAIC Motor also exported 390,000 vehicles in 2020, a year-on-year increase of 11.3 percent and ranking first in China for the fifth straight year.

SAIC Motor also sold 320,000 new energy vehicles (NEVs) giving the Shanghai-based company a year-on-year increase of 73.4 percent from its NEV sales.

Speaking of which, SAIC Motor established a premium EV brand IM and R, and launched the world-leading 5G-enabled Marvel R model in 2020. According to SAIC Motor, the IM branded L7 model, can autonomously drive out of and into a parking space based on the preset navigation planning done by the automaker.

saic-im-l7

To further the company’s electrification goals, SAIC Motor will be producing a new-generation electric battery system by the end of this year. The automotive brand said that their new batteries will have improved safety, faster charging capabilities, and more efficient energy conversion.

SAIC Motor aims to launch a solid-state lithium battery with high safety standards and high energy density designed and engineered for commercial use.

These batteries could power the company’s 5G-enabled autonomous heavy-duty trucks in the future. These trucks have operated more than 420,000 kilometers at the Shanghai Yangshan port area and have completed their commercial trial operation of transporting 21,000 standard containers last year.

SAIC Motor has also invested in microchips and is now working with Horizon Robotics, a startup company based in Beijing, China that develops artificial intelligence chips for smart vehicles. SAIC Motor will be equipping its vehicles with Horizon Robotics’ Journey 5, a high-performance central computing chip released in July.

In addition, SAIC Motor’s ride-hailing service platform in China has reached a total of 30 million users.

All these efforts are aimed not only to keep the brand on the Fortune Global 500 list — of which SAIC Motor has been a part of since 2004 — but also to continue to give back to the community.

SAIC Motor has played an active role in improving the educational development in impoverished areas and lifting Xuanwei in Yunnan province and other cities out of poverty. The company has donated 250 million yuan (US$38.68 million) worth of supplies over the past five years.

Photos from SAIC Motor

Also read: 

Auto Expo 2020: MG Showcases Fully Electric Marvel X with 400km Range

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • Volvo PH May 2025 MoM sales up by 550%
    Volvo PH May 2025 MoM sales up by 550%
    Ruben Manahan IV . Jul 01, 2025
  • Mitsubishi Motors PH launches 'Prepaid Maintenance Parts package'
    Mitsubishi Motors PH launches 'Prepaid Maintenance Parts package'
    Ruben Manahan IV . Jul 01, 2025
  • CMEPA now in effect; pickup truck prices to go up soon
    CMEPA now in effect; pickup truck prices to go up soon
    Ruben Manahan IV . Jul 01, 2025
  • Volvo to release XC60 PHEV in PH?
    Volvo to release XC60 PHEV in PH?
    Ruben Manahan IV . Jul 01, 2025
  • Lamborghini secures first-ever 24 Hours of Spa victory
    Lamborghini secures first-ever 24 Hours of Spa victory
    Cesar Miguel . Jul 01, 2025
  • Zigwheels PH Wrapup: Local vehicle launches in H1 2025
    Zigwheels PH Wrapup: Local vehicle launches in H1 2025
    Ruben Manahan IV . Today
  • Let’s inspect the Omoda E5’s interior
    Let’s inspect the Omoda E5’s interior
    Cesar Miguel . Today
  • Check out the MG Marvel R’s strengths, weaknesses
    Check out the MG Marvel R’s strengths, weaknesses
    Cesar Miguel . Jun 30, 2025
  • Here is a quick look at Suzuki XL7 Hybrid sole option in PH
    Here is a quick look at Suzuki XL7 Hybrid sole option in PH
    Paulo Papa . Jun 30, 2025
  • Toyota RAV4 vs. other hybrid crossovers
    Toyota RAV4 vs. other hybrid crossovers
    Paulo Papa . Jun 30, 2025
  • Do you still need to wash your car after it rains?
    Do you still need to wash your car after it rains?
    Cesar Miguel . Jun 12, 2025
  • What should you visit first at MIAS 2025?
    What should you visit first at MIAS 2025?
    Cesar Miguel . Apr 11, 2025
  • Do you really need 4x4 for overlanding?
    Do you really need 4x4 for overlanding?
    Cesar Miguel . Mar 26, 2025
  • Number coding 2025: what you need to know
    Number coding 2025: what you need to know
    Paulo Papa . Mar 09, 2025
  • EVs still require lubrication, JAMA execs say
    EVs still require lubrication, JAMA execs say
    Paulo Papa . Mar 09, 2025
  • First drive: MG ZS Hybrid+
    First drive: MG ZS Hybrid+
    Cesar Miguel . Jun 30, 2025
  • BYD eMAX 7 Superior Captain: MPV for modern families
    BYD eMAX 7 Superior Captain: MPV for modern families
    Paulo Papa . Jun 18, 2025
  • Suzuki Ertiga Hybrid: modest mover
    Suzuki Ertiga Hybrid: modest mover
    Paulo Papa . Jun 05, 2025
  • ELECTRIA: 2025 BYD Atto 3 - updates done right
    ELECTRIA: 2025 BYD Atto 3 - updates done right
    Cesar Miguel . Jun 05, 2025
  • Dongfeng Nammi: Stylish all-rounder
    Dongfeng Nammi: Stylish all-rounder
    Cesar Miguel . May 21, 2025