Dubai PR Network, Online Press Release from Dubai and Middle East
 
Automobile & Motoring(Automobile)
Filter PR by
  
SAIC Motor achieves highest ever ranking on the Fortune 500 list
 
SAIC Motor achieves highest ever ranking on the Fortune 500 list

Middle East, 30th July 2017:  SAIC Motor has achieved its highest ever ranking on the Fortune 500 list. Appearing on the prestigious list for a 13th consecutive year, SAIC Motor has been ranked No. 41 by US-based Fortune magazine, with a sales revenue of 113.86 billion US dollars for the 2016 financial year.

As the largest auto manufacturer in China, SAIC Motor also ranked seventh among all the global automakers, ahead of brands like BMW and Hyundai. In the face of a changing automotive market, SAIC Motor is actively focused on developing new energy vehicles, connected cars and intelligent driving, all helping to promote the brand’s global footprint.  

SAIC is already well established globally with sales networks in 15 core countries and regions including ASEAN, Africa, Europe and North America where it has an innovation centre in Silicon Valley. As part of this global focus, SAIC has been expanding its presence in the Middle East. Since opening its headquarters in Dubai’s Jebel Ali Free Zone in November 2015, the brand has also opened a regional training academy and introduced the new MG 360 to the market with further launches set for the remainder of 2017. 

As a leading automotive manufacturer with the ability to develop plug-in hybrid, pure electric, and fuel cell technology vehicles at the same time, SAIC Motor’s three core technologies -electric drive, battery, and electronic control - have achieved world-class status within the automotive sector. 

In the first half of 2017, SAIC Motor launched the Roewe RX5, the world's first pure electric SUV with an impressive range of 425km and a fast charge to 80% power in 40 minutes. Additionally, the Roewe 'VISION-E' made its first appearance at the Shanghai International Auto Show, delivering a pure electric driving range of more than 500km and acceleration of 0 to 100 km/h in only four seconds.

The sales volume of connected cars accounts for about 80% of the total sales volume of SAIC Motor passenger vehicles. These sales come from the MG ZS, which is set to arrive in the Middle East later in 2017, the Roewe RX5 and the Roewe i6. 

In June this year, SAIC Motor joined China Mobile and Huawei, leaders in the communication industry, to promote the development of new technology around connected vehicles and to seize the opportunity to develop intelligent mobility. To date, SAIC Motor has also completed the development of two generations of intelligent drive vehicle platforms, integrated the connected vehicle platform with 5G communication technology, and studied self-driving technologies, reaching an accumulative vehicle test mileage of more than 36,000km. 

Commenting on the news, Tom Lee, Middle East Managing Director, said: “The Middle East is a very forward-thinking region, and SAIC Motor’s ranking on this year’s Fortune 500 List reflects our forward-thinking approach as a brand. In the future, SAIC Motor will continue to develop new energy vehicles, internet-connected cars and intelligent driving cars, enhancing our global and Middle East footprint as we continue to focus on being a world leader in innovation and a pioneer for the future of the automotive sector.’’

Posted by : Dubai PR Network Editorial Team
Viewed 4508 times
PR Category : Automobile
Posted on : Sunday, July 30, 2017  11:37:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : UAE's transport projects' value reaches $87 billion in H1 20...
Next Story : Nissan Reports First Quarter Results for Fiscal Year 2017
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Wearables and A... [12328-Views]
Perfect Fragrances to Celebrate Eid [11096-Views]
100 New Ways to Transform Your Home With the New Ikea Catalogue [10797-Views]
A Post-Summer Pigmentation Saviour from MZ SKIN [9260-Views]
LG V30 to Elevate Smartphone Camera to New Heights [8936-Views]
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display [8766-Views]
GCC's premium home appliance market to thrive with LG SIGNATURE [8430-Views]
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear [7808-Views]
Michael Kors Debuts New Bancroft Handbag Collection [7497-Views]
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign [6881-Views]
Eid Al Adha with Paule Ka Fall-Winter '17 [6576-Views]
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait [6515-Views]
International SOS and Control Risks Advise Pilgrims Worldwide Ahead of Hajj 2017 [6411-Views]
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress Kajol Devga... [5850-Views]
Patrimony Collection Excellence Platine [5722-Views]
ICONIC announces ICONIC KIDS- Born Different [5673-Views]
Highly Anticipated Audemars Piguet Royal Oak Extra-thin Arrives in the Middle East [5636-Views]
Emily Ratajkowski wears Salvatore Ferragamo eyewear [5582-Views]
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Strategy & Di... [5338-Views]
Zenith Chronomaster El Primero Full Open [5179-Views]
New UAE Space Agency Board of Directors Holds First Meeting [5136-Views]
UAE Team Emirates to Make Vuelta a España Debut [5075-Views]
"WATHIQATI" Receives the highest number of documents since its launch from a Nat... [4825-Views]
Education in the UAE continues to cost families almost AED 1 million per child new insight... [4532-Views]
Dubai Land Department's ‘Ejari' smart application protects the right of all parties [4374-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories