As one of the top 3 automotive corporations in China, Shanghai Automotive Industry Corporation (Group) (“SAIC” for short) is mainly engaged in manufacturing, sales, research and development, and investment in passenger ......As one of the top 3 automotive corporations in China, Shanghai Automotive Industry Corporation (Group) (“SAIC” for short) is mainly engaged in manufacturing, sales, research and development, and investment in passenger cars, commercial vehicles and components, as well as related services trade and financial business. Besides, SAIC holds 78.94% of the equity of SAIC Motor Co., Ltd. and 60.10% of HUAYU Automotive Systems（Holdings）Co., Ltd. (“HUAYU Auto” for short), an independent listed company engaged in auto components supply business. In 2008, SAIC once again topped the Chinese automotive groups for a sales volume of over 1.826 million units of vehicles, of which 1,118,000 units are passenger cars and 708,000 units commercial vehicles. In 2009, the company also entered the Fortune Global 500 list for its consolidated revenue of $24.88 billion (2008), ranking 359. SAIC has been sticking to the principle of equal concentration on independent R&D and global cooperation. Thus, the company boasts different lines of products in SGM, SVW, SSANGYONG, SGMW and Sunwin through strengthened strategic partnership with global OEMs like VW and GM on one hand, and has been pushing the R&D, production and sales of self-owned brand sedan in full swing with integration of resources and accelerated technological innovation on the other. So far, Roewe 750, 550, MG 3-SW , MG 7 and MG TF have been successfully launched in domestic market, which contribute to the buildup of a favorable brand image as well as further promote the situation where joint venture and self-owned brands get into simultaneous growth. SAIC has established its own production bases not only in Shanghai, but also in Liuzhou, Chongqing, Yantai, Shenyang, Qingdao, Yizheng and Nanjing it holds 10% equity shares of GM Daewoo it has set up branches in the US, Europe, Hongkong, Japan and Korea. SAIC vision: For the satisfaction of our customers, For the interest of our shareholders, For the harmony of our society, We will build SAIC into an automotive company with outstanding brands, brilliant employees, core competitive competencies and international operation capabilities. SAIC core values: S-Satisfaction from customer, A-Advantage through innovation, I-Internationalization in operating, C-Concentration on people.