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Shanghai Automotive Industry Corporation

(www.saicgroup.com)
Updated: 2006-11-21 14:34

Shanghai Automotive Industry Corporation (Group)(SAIC) entered the Fortune Global 500 list on July 12, 2004 for a consolidated revenue of US$11.7 billion of the previous year.

It sold 847,000 units in 2004, among which 617,000 are passenger cars. It realized revenue of 165.3 billion yuan and export value of US$700 million.

At the end of 2004, SAIC restructured itself and established the SAIC Motor Corporation Ltd. After the transformation, SAIC would define its role as a comprehensive investment
corporation in advanced manufacturing industry and modern service.


(For more biz stories, please visit Industry Updates)



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