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April 25, 2015 1:09 PM ET

Automobiles

Company Overview of Shanghai Automotive Industry (Group) Corporation

Company Overview

Shanghai Automotive Industry (Group) Corporation develops, manufactures, and markets passenger and commercial vehicles in China, the United States, the United Kingdom, and internationally. It offers cars, vans, buses, and trucks. Shanghai Automotive Industry (Group) Corporation was formerly known as Shanghai Automotive Industry Corporation and changed its name to Shanghai Automotive Industry (Group) Corporation in September 1955. The company was founded in 1955 and is based in Shanghai, China.

489 Weihai Road

Shanghai,  200041

China

Founded in 1955

Phone:

86 21 2201 1888

Fax:

86 21 2201 1777

Key Executives for Shanghai Automotive Industry (Group) Corporation

General Manager
Age: 50
Deputy Chairman, President and Director
Age: 53
Chief Financial Officer
Age: 42
Vice President, Senior Economist and Associate Researcher
Executive Vice President
Age: 55
Compensation as of Fiscal Year 2014.

Shanghai Automotive Industry (Group) Corporation Key Developments

Shanghai Automotive Industry Corp and Alibaba Group to Jointly Develop Connected Cars

Shanghai Automotive Industry Corp. (SAIC) Group and Alibaba Group have agreed to invest CNY 1 billion (USD 160 million) to jointly develop connected cars. Neither company has provided details of the agreement.

Shanghai Automotive Industry (Group) Corporation Reports Sales Results for the Month of January 2015

Shanghai Automotive Industry (Group) Corporation reported sales results for the month of January 2015. For the period, the company sold a total of 569,464 vehicles in the month, an annual decrease of 0.99% year over year.

Federal-Mogul Powertrain Enters Joint Venture with Shanghai Automotive Industry Co. (Group)

Federal-Mogul Powertrain announced it has relocated two engine bearing plants in Shanghai into one larger facility to meet the growing demands for its innovative powertrain solutions that enable reduced emissions and improved fuel efficiency in China. Located in the Zhoupu Zhihui Industrial Park in Shanghai, the new plant is a Federal-Mogul majority-owned joint venture with Shanghai Automotive Industry Co. (Group). The company expects the 215,000 square-foot plant, which produces bearings, bushings and thrust washers to original equipment manufacturers, will double its current capacity of engine bearings for domestic Chinese customers in the next five years. The company is launching its IROX bearing technology in the new facility to localize production and supply for the domestic China market. The IROX polymer-coated bearing reduces vehicle fuel consumption and CO2 emissions and enables higher mechanical loads while extending bearing life. The advanced IROX coating also addresses the lubrication challenges associated with frequent restarts found in stop-start downsized engines.

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