Shanghai with no doubt is the powerhouse of automotive industry of China. It is also the home for SAIC Motor Corp, which is the largest car manufacturer of China. The SAIC Motor sold 5902 million units last year which is 5 percent more than previous years. It ranked 60 on Fortune Global 500 list in 2013 and made $102.25 billion revenues.
In Beijing at ‘Auto China 2016’ held in April, SAIC Moto Corp presented 100 new models from the eight self owned and joint venture brands. The highlights included Roewe RX5 and Woewe Plug-In Hybrid SUV. The company is planning a good timeshare rental programme for its new energy vehicles in 20 cities via 4000+ outlets. For this, the company will install 50000 public charging locations in China.
SAIC even highlighted the MG-IGS intelligent car along with Cadillac’s CT6, XT5, SAIC Volkswagen, Lamando GTS and Touran L six-seater.
The general Motors headquartered at Shanghai run 11 joint ventures along with two fully owned foreign enterprises and has 58000 employees in China. It delivered 964000 units of its 2.36 million vehicles worldwide in first quarter.
GM teamed up with SAIC in 2008 to launch OnStar Telematics Co that provides the maintainence, safety, and telematics services for the vehicles manufactured in China by GM. OnStar have around 7 million users from world with 1 million in China.
Shanghai is also the operational hub for Qoros Automotive and was founded in year 2007. It is a strong national & international brand and launched its first production model in 2013 with the name – Qoros 3 Sedan. This year the company has launched Qoros 3 Q-LECTRIQ, Qoros 5 SUV, and Qoros 5 SUV Q-LECTRIQ.
The high performance electric vehicle developer and designer – ‘NextEV’ is also based in Shanghai. Marque is competing in Formula E Championship and is presently working on plug-in supercar which might be launched by this year.