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January 30, 2010

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Home » Business » Auto

SAIC focuses on self-branded cars

SHANGHAI Automotive Industry Corp aims to double the output of its self-branded cars, including Roewe and MG, to 180,000 units this year, Chairman Hu Maoyuan said on the sidelines of a conference by the city's top political advisory body.

He said SAIC will focus on research and development of these self-owned brands to cement SAIC's footprints in the global market.

"Our joint ventures with General Motors and Volkswagen are important. But to explore the global market, we can only rely on our own brands," Hu said.

China wants its domestic brand vehicles to account for 50 percent of its passenger car market by 2015 as it wants to reduce its reliance on foreign auto makers after years of doing assembly work.


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