SAIC's Eighth Move to Fortune 500 in the World
The US "Fortune" magazine announced the ranking of the world's top 500 companies on the evening of July 9th, Beijing time. Shanghai Automotive Group made its eighth consecutive move into the world's top 500 with sales revenue of US$ 67.25 billion in 2011, ranking it 130th. It was 21 more than the previous year.
In the 14th (2011) Top 100 Golden Bull Awards for listed companies organized by the newspaper on July 7, SAIC Motor ranked first in the comprehensive 100 awards.
According to SAIC, 2012 is the first year of its official operation after its overall listing. By deepening independent innovation, it has actively explored the market and achieved good business performance. From January to June this year, SAIC Motor sold 2.233 million vehicles, an increase of 11.4% year-on-year.
SAIC Group stated that in the second half of this year, SAIC Motor will launch two self-owned branded products with plug-in hybrid cars and pure electric vehicles that have advanced world levels and fuel-saving rates of 50%. By actively nurturing the "three powers" core technology capabilities and building a key parts industrial chain, the SAIC Group's new energy automotive industrialization is continuously accelerating.
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