SAIC Motor Climbs Fortune 500 List

Carprices Team / Posted On - December 13th 2022

SAIC Motor has achieved its highest-ever ranking on the Fortune 500 list, occupying 36th place and topping all other Chinese automakers.
SAIC Motor is on the prestigious list for the 14th consecutive year now, achieving its best ever spot this year. Ranked no. 36 by the U.S.-based Fortune Magazine, the Chinese automaker has scaled up five places compared to the previous listing. The accolade is courtesy of the brand achieving a sales revenue of $128.819 billion and selling 6.93 million cars in the 2017 financial year. This calculates to a 6.8 percent increase year-on-year as compared to 2016.
SAIC Motor is a globally well-established brand, with a strong presence in 13 countries that include ASEAN, Middle East, Africa, Europe, and Oceania. The firm also possesses an innovation centre in Silicon Valley. It is currently the largest automobile manufacturer in China, and is ranked seventh among all automakers on the Fortune 500 list, finishing ahead of BMW and Hyundai.
In the first half of 2018, SAIC sold 57,000 units of alternative-fuel cars, translating to a massive 275 percent growth rate year-on-year. This growth rate is more than twice the current market rate.
As part of its ambitious global expansion plans, SAIC Motor has been expanding and consolidating its presence in the Middle East. Its Middle Eastern headquarters are in Dubai's Jebel Ali Free Zone, set up back in 2015. SAIC Motor introduced the MG brand to the Middle East, which boasts of a fresh lineup of vehicles including the MG RX5, ZS, GS, and the new second-generation MG6 sedan. MG Motor has expanded its operations through new distribution networks with the appointment of new partners in the UAE and KSA within the last 12 months.

Latest News

Lease Your Dream Porsche Hassle-Free For 12 Months...
Nissan Motors Future Business Plan Is To Electrify...
2025 Mercedes-Benz G-Class Gets Mild-Hybrid Powert...
All-New Nissan Kicks Unveiled! | Arriving In UAE I...
Kia K4 Next-Generation | Sets New Design Standards...
BMW Vision Neue Klasse X SAV First Look With BMW's...

Related News

MG Motors MG RX5 Now Available In The Middle East ...

FROM LAST TWO WEEK

Lease Your Dream Porsche Hassle-Free For 12 Months In UAE With Porsche Drive Flex!
March 29th 2024

Nissan Motors Future Business Plan Is To Electrify Markets In The AMIEO Region!
March 28th 2024

2025 Mercedes-Benz G-Class Gets Mild-Hybrid Powertrains | Presenting 10 Upgrades from Its Predecessor!
March 27th 2024

All-New Nissan Kicks Unveiled! | Arriving In UAE In 2025.
March 23rd 2024

Kia K4 Next-Generation | Sets New Design Standards For The Compact Sedan Segment!
March 22nd 2024

BMW Vision Neue Klasse X SAV First Look With BMW's New Design Language! A Hit Or A Miss?
March 21st 2024

New Mercedes-AMG GT 43 | For The Enthusiasts With Slightly Tight Pockets!
March 21st 2024

All New Audi Q6 e-tron SUV! With Audi's New EV Platform And New Design Philosophy!
March 20th 2024

8 Upgrades That The Hybridized Eighth Generation Porsche 911 Will Get!
March 15th 2024

Popular News

Article Image
Best SUVs To Buy Under AED 100,000 in UAE in 2024
Article Image
Best New Cars To Buy In UAE Under AED 100,000!
Article Image
All-New 2024 Toyota Land Cruiser Prado Returns To Rule The Off-Roads!
Article Image
Top 10 Best Chinese Car Brands In The UAE
Article Image
Top 10 New Hybrid Cars To Buy In UAE Under AED 230,000
Article Image
Top 10 Chinese Cars To Buy In UAE In 2023!
Article Image
10 Best New SUVs To Buy In UAE Under AED 80,000
Article Image
Top 10 Most Fuel Efficient Cars in UAE | Fuel-Efficient Car in Dubai
Article Image
10 Important Things To Know About the 2024 Toyota Land Cruiser Prado Before Its UAE Launch
Article Image
2024 Toyota Land Cruiser 70 Series Revealed!