The world’s top 500 is released, Toyota beats Volkswagen, and SAIC wins the title of Chinese automaker

Recently, the United States "Fortune" magazine officially announced "2017 World Top 500 Enterprises" ranking. As one of the world's most famous authoritative lists, how are the car companies' performances?

U.S. Fortune magazine has been established for almost 100 years. Since its launch in 1954, the “World Top 500 List” has been known for its rigorous assessment. It is considered by world-renowned companies as an important indicator of its own strength, scale, and international competitiveness. It is also the world economy. The barometer is very authoritative.

The car companies listed on the list will find that Toyota Motor has become the world's highest automotive industry rankings, Toyota has risen 3 places, for the first time to enter the top 5, the sixth place of Volkswagen.

Thanks to the strong growth in the Chinese auto market, there are also many auto companies in the Chinese auto circle. One of the most worth mentioning is the SAIC Group. SAIC Motor Co., Ltd. ranked 41st in the world's top 500 companies with sales revenue of USD 113.86 billion in 2016, and it is a strong leader in the entire Chinese legion.

At the same time, as a leading company in the Chinese automotive industry, SAIC ranks seventh in the global automotive industry and has surpassed world-renowned automakers such as BMW and Hyundai. According to another report, SAIC has already entered the world top 500 list for thirteen times, and its ranking continues to rise.

When the Chinese auto market hit a “cold wave” this year, SAIC Group continued to buck the trend and made great strides. According to statistics, from January to June this year, SAIC Motor's total vehicle sales exceeded 3.17 million units, setting a record high, and the domestic market's leading edge further expanded. Among them, the performance of self-owned brands was dazzling. SAIC Motor's Roewe and MGJ surged 113% year-on-year. SAIC Passenger Cars achieved the fastest growth rate among mainstream Chinese automakers, and SAIC Chase’s sales increased by 30% year-on-year.

In addition, the joint ventures made steady progress, with SAIC-GM and SAIC-GM sales ranking the top three in passenger vehicle companies. SAIC-GM-Wuling became the only car company in China that had sold more than one million vehicles in half a year.

Thanks to the popularity of a number of Internet cars, SAIC Motor has become the world's highest proportion of Internet car prices.

In terms of overseas deployment, SAIC Group explores key regional markets for global development and has initially completed the first round of international operations, with its overseas influence continuously expanding. At present, we have established an innovation center in the Silicon Valley of the United States and established marketing networks in 15 key countries and regions such as ASEAN, the Middle East, Africa, Europe, South America, North America, Australia and New Zealand, and established production bases in Thailand and Indonesia.

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