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Shanghai Automotive Industry Corporation

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==History==
 
==History==
SAIC's long and storied history spans nearly fifty years and has seen the company through more than one total transformation. Along with [[First Automobile Works]], SAIC was one of the few carmakers in Mao's China, making the [[Shanghai SH760]] for government officials not important enough to warrant a [[FAW_Hongqi|FAW Hong Qi]].<ref>[http://www.economist.com/node/12544893 The home team: Indigenous carmakers are working their way up] economist.com, Nov 13th 2008</ref>
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SAIC's long and storied history spans nearly fifty years and has seen the company through more than one total transformation. Along with [[First Automobile Works]], SAIC was one of the few carmakers in Mao's China, making the Shanghai SH760 for government officials not important enough to warrant a [[FAW_Hongqi|FAW Hong Qi]].<ref>[http://www.economist.com/node/12544893 The home team: Indigenous carmakers are working their way up] economist.com, Nov 13th 2008</ref>
   
 
SAIC Motor and its joint ventures in China sold 2.72 million vehicles in 2009.<ref>{{cite news|url=http://chinaautoweb.com/auto-companies/saic-shanghai-automotive-industry-corporation/ |title=SAIC: Company Profile |publisher=ChinaAutoWeb.com}}</ref>
 
SAIC Motor and its joint ventures in China sold 2.72 million vehicles in 2009.<ref>{{cite news|url=http://chinaautoweb.com/auto-companies/saic-shanghai-automotive-industry-corporation/ |title=SAIC: Company Profile |publisher=ChinaAutoWeb.com}}</ref>
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However, in April 2005, it emerged that SAIC would not proceed with the MG Rover deal, after concerns about the British automaker's financial stability. This news sent MG Rover into administration receivership.
 
However, in April 2005, it emerged that SAIC would not proceed with the MG Rover deal, after concerns about the British automaker's financial stability. This news sent MG Rover into administration receivership.
   
SAIC had claimed that it had already acquired Intellectual Property Rights in some Rover products for £67 million in the autumn of 2004, including the [[Rover 25]], the [[Rover 75]] and the [[Rover K-series engine|Rover Powertrain K-series engine]], but the Administrators advised that there was still interest in saving some other parts of the company, including MG, and Friday, 13 May 2005 was set as the deadline for bids from potential investors.
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SAIC had claimed that it had already acquired Intellectual Property Rights in some Rover products for £67 million in the autumn of 2004, including the Rover 25, the [[Rover 75]] and the Rover Powertrain K-series engine, but the Administrators advised that there was still interest in saving some other parts of the company, including MG, and Friday, 13 May 2005 was set as the deadline for bids from potential investors.
   
 
In June 2005, it emerged that SAIC held the rights to the [[MG F|MG TF]] sports car. Commentators in the British media claimed that the rights were transferred by its former owner, MG Rover, to SAIC accidentally.
 
In June 2005, it emerged that SAIC held the rights to the [[MG F|MG TF]] sports car. Commentators in the British media claimed that the rights were transferred by its former owner, MG Rover, to SAIC accidentally.
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The company has plans to release an updated version of the [[Rover 75]] as the 750, under the main brand name of [[Roewe]].
 
The company has plans to release an updated version of the [[Rover 75]] as the 750, under the main brand name of [[Roewe]].
   
At the end of 2007, Nanjing Automobile Corporation entered Chinese Government-supported talks with SAIC about a possible merger. Their cars, [[MG 7]] (NAC) and [[Roewe 750]] (SAIC) share mechanical features. The takeover was completed on 26 December 2007, transferring all NAC assets to SAIC ownership, including the MG name and the Longbridge factory in the British West Midlands.
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At the end of 2007, Nanjing Automobile Corporation entered Chinese Government-supported talks with SAIC about a possible merger. Their cars, MG 7 (NAC) and Roewe 750 (SAIC) share mechanical features. The takeover was completed on 26 December 2007, transferring all NAC assets to SAIC ownership, including the MG name and the Longbridge factory in the British West Midlands.
   
In December 2008, SAIC has been in talks with Ford to purchase [[Volvo]] for $6 billion.<ref>http://www.autoblog.com/2008/12/08/ford-in-further-talks-with-shanghai-auto-to-sell-volvo/</ref>
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In December 2008, SAIC has been in talks with Ford to purchase Volvo for $6 billion.<ref>http://www.autoblog.com/2008/12/08/ford-in-further-talks-with-shanghai-auto-to-sell-volvo/</ref>
   
 
===Ssangyong Motors purchase===
 
===Ssangyong Motors purchase===
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==Electric vehicles==
 
==Electric vehicles==
SAIC revealed an all-electric version of the [[Roewe 350]] powered by lithium-ion batteries in late 2010.<ref name=rone-way>[http://autos.globaltimes.cn/china/2010-11/591413.html SAIC's Roewe 350 all-electric car unveiled] globaltimes.cn, November 11 2010</ref> It is not certain if the vehicle will be offered to consumers,{{Citation needed|date=January 2011}} but a small [[electric vehicle]] is supposed to be on the market in 2012.<ref name=rone-way/> China [[subsidy|subsidies]] oil<ref>[http://www.reuters.com/article/idUSBNG12910820080604 China's fuel subsidy costs the world] reuters.com, Wed Jun 4, 2008 8:08am EDT</ref> and some Chinese automakers see opportunities in less mature [[electric vehicle]]s because Western companies have yet to develop much of a lead in the technology.<ref>[http://www.baihc.com/en/site/news_content.php?id=60&type=1 Mr. Heyi Xu,the president of Beijing Automotive Industry Holding Co., Ltd. delivered a speech at the 2009 China (Changchun) International Automobile Forum] BAIC Official Site, 2009-07-20</ref><ref>[http://www.chinadaily.com.cn/usa/2011-01/03/content_11787675.htm Big bet on better battery-run cars] chinadaily.com.cn, 2011-01-03</ref>
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SAIC revealed an all-electric version of the Roewe 350 powered by lithium-ion batteries in late 2010.<ref name=rone-way>[http://autos.globaltimes.cn/china/2010-11/591413.html SAIC's Roewe 350 all-electric car unveiled] globaltimes.cn, November 11 2010</ref> It is not certain if the vehicle will be offered to consumers,{{Citation needed|date=January 2011}} but a small [[electric vehicle]] is supposed to be on the market in 2012.<ref name=rone-way/> China [[subsidy|subsidies]] oil<ref>[http://www.reuters.com/article/idUSBNG12910820080604 China's fuel subsidy costs the world] reuters.com, Wed Jun 4, 2008 8:08am EDT</ref> and some Chinese automakers see opportunities in less mature [[electric vehicle]]s because Western companies have yet to develop much of a lead in the technology.<ref>[http://www.baihc.com/en/site/news_content.php?id=60&type=1 Mr. Heyi Xu,the president of Beijing Automotive Industry Holding Co., Ltd. delivered a speech at the 2009 China (Changchun) International Automobile Forum] BAIC Official Site, 2009-07-20</ref><ref>[http://www.chinadaily.com.cn/usa/2011-01/03/content_11787675.htm Big bet on better battery-run cars] chinadaily.com.cn, 2011-01-03</ref>
   
 
==Joint ventures and subsidiaries==
 
==Joint ventures and subsidiaries==
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==References==
 
==References==
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{{wikipedia}}
 
{{Reflist}}
 
{{Reflist}}
   
 
==External links==
 
==External links==
{{Portal|Companies}}
 
 
*[http://www.saicmotor.com/english/index.shtml SAIC Motor site]
 
*[http://www.saicmotor.com/english/index.shtml SAIC Motor site]
   
 
{{Shanghai Automotive Industry Corporation}}
 
{{Shanghai Automotive Industry Corporation}}
 
{{Motor vehicle manufacturers of the People's Republic of China}}
 
{{Motor vehicle manufacturers of the People's Republic of China}}
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{{Portal|Companies}}
 
{{SSE 50 companies}}
 
{{SSE 50 companies}}
 
{{Hang Seng China 50 Index}}
 
{{Hang Seng China 50 Index}}
   
{{wikipedia}}
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[[Category:Shanghai Automotive Industry Corporation| ]]
 
[[Category:Shanghai Automotive Industry Corporation| ]]
 
[[Category:Motor vehicle manufacturers of China]]
 
[[Category:Motor vehicle manufacturers of China]]
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