China’s largest auto manufacturer on the A-share market, SAIC Motors, will display its latest and best cars at the annual Dubai International Motor Show, a four day event starting 10th November at the World Trade Center Dubai.
SAIC has a total equity of 11 billion. The company manufactures both passenger and commercial vehicles along with auto components including engines, gearboxes, chassis and electronic parts. The 2014 marked yet another year of impressive growth for SAIC Motors with 5.26 million units sold and revenues of $102.25 billion resulting in 60th rank on the Fortune Global 500 list.
The Chinese giant has had a markedly impressive growth worldwide through joint ventures with well established auto manufacturers. VW started Santana production in China in 1985 via a joint venture with SAIC. Roewe and MG are joint ventures of the Shanghai Automotive Group, while Skoda is another VW brand.
SAIC’s introduction to the Middle East began in Iran and then it landed on the UAE soil in March last year, following a launch in Saudi Arabia. They hope to further consolidate their Middle East presence with their first time participation at the Dubai International Motor Show. The ME automobiles market has shown tremendous potential in the recent years and a number of auto manufactures aim to take advantage of the boom by further strengthening their footholds in the region. SAIC’s display at DIMS will comprise the latest offering from MG and MAXUS.