SAIC Motor ranks 7th among world’s top car manufacturers in the Fortune Global 500 list
SAIC Motor has once again ranked 7th out of all automotive manufacturers in the prestigious Fortune Global 500 list, with the latest edition confirming the company’s place in the global Top 100 for a seventh successive year.
In its 16th consecutive appearance in the prestigious index, the company has ranked 52nd overall among the world’s top 500 companies, having posted total operating revenue of 122.0714 billion US Dollars in 2019.
SAIC Motor is now firmly established as the industry leader in its home market of China. Despite the backdrop of extremely challenging market conditions around the world, the company continues to maintain substantial economic operations and is continuing with its innovation-based, four-pronged strategic approach: electrification, intelligent connectivity, sharing and globalisation.
In 2020 SAIC Motor is set to launch the world’s first fuel cell MPV and has established a dedicated ‘software centre’ to bring together the world’s top talent in the field of intelligent and connected vehicle technology. It has seen overseas sales of its owned brands increase by 15.9 per cent to date. SAIC Motor now manufactures one-third of all Chinese vehicles sold overseas.
MG Motor is a British-born car brand and has been extraordinarily active, strengthening its brand image, vigorously launching new models, including new energy vehicles, and accelerating its expansion in international markets. Emphasising the great strides made by the brand in recent years, both MG HS and the pure electric MG ZS EV were awarded EuroNCAP’s highest five-star safety rating in December. And just a few months later a jury of the Middle East’s leading motoring experts named the MG HS the Middle East Car of the Year for 2020.
Tom Lee, SAIC Motor Middle East Managing Director, commented: “With every passing year, SAIC Motor further reinforces its position as a force to be reckoned with on the global automotive stage. In key markets around the world, the company has been experiencing strong sales and growing consumer confidence, and in the Middle East this has been evident from the success enjoyed by its MG brand, with record sales in 2019 and a strong year forecast for 2020 despite the extraordinary challenges faced.”
Having enjoyed an extremely positive 2019, with total sales up by 130 per cent to 15,928 units, MG has expanded its regional network this year and is now active in nine Middle East countries.
More Great Dubai Route Stories
THC signed a purchase agreement with Airbus Helicopters to purchase 10 H125 helicopters
Super-wealthy individuals turn to CIPs as a backup plan, an immigration advisory firm says
Le Wagon, the world’s leading coding school will be launching its first boot camp in the UAE
Mohammed Bin Rashid Space Centre opens registration for Deep Learning Camp
Third Official Liverpool FC Store opens at Ibn Battuta Mall in Dubai
Schneider Electric to upgrade DP World’s Sokhna Basin 2 with EcoStruxure Power
All products recommended by Dubai Route are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission