Oman
MG Motors
Service category:
Automobile
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Description
The history of SAIC Motor Corporation Limited (SAIC Motor) can be traced back to the development of the global automotive industry and to the beginning of auto part industry in Shanghai. Based in Shanghai, China it now stands as the largest auto company on China’s A-share market (Stock Code: 600104).
HIGHLIGHTS
Total equity of 11 billion shares's standard.
On a global level, MG Motor’s parent company, SAIC Motor, is performing well in its home market of China; where the industry is in decline, the company is amongst the strongest performing businesses; selling a record 7.0517 million vehicles last year (+1.75% compared to 2017) and is expected to secure a +24% market share
SAIC Motor hit $5.3b in net profit in 2018
Continuing the success story, SAIC Motor was featured in the 2018 ‘Fortune 500’ list for the 14th year running, climbing five places from its 2017 position to No. 36, and ranking as the number one Chinese automotive manufacturer.
HIGHLIGHTS
Total equity of 11 billion shares's standard.
On a global level, MG Motor’s parent company, SAIC Motor, is performing well in its home market of China; where the industry is in decline, the company is amongst the strongest performing businesses; selling a record 7.0517 million vehicles last year (+1.75% compared to 2017) and is expected to secure a +24% market share
SAIC Motor hit $5.3b in net profit in 2018
Continuing the success story, SAIC Motor was featured in the 2018 ‘Fortune 500’ list for the 14th year running, climbing five places from its 2017 position to No. 36, and ranking as the number one Chinese automotive manufacturer.
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