Shangchai shares: relying on the steady growth of SAIC

Shangchai produces diesel engines as its main business, which is gradually developed from the construction machinery market to the automotive market and engineering machinery market. At the same time, Shangchai, as an accessory producer in the automotive and construction machinery industry, is expected to benefit from the state's plan for adjustment and revitalization of the automobile industry and equipment manufacturing industry.

In addition, after SAIC Motor became a controlling shareholder, SAIC Motor became a SAIC Power Base, complementing its products with SAIC Motor to create a synergy effect. While maintaining its position as a major power supplier for construction machinery, Shanghai Diesel will rely on SAIC Motor’s strong position in the vehicle field to maintain its position as a major power supplier for construction machinery. It will become a diesel engine accessory company for Shanghai Automotive and a commercial vehicle series with independent intellectual property rights. With a power platform, it provides a variety of products for more vehicle manufacturers.

In the field of diesel engines for vehicles, Shanghai Diesel will focus on the development of research and development capabilities that are coordinated with the development of commercial vehicles for Shanghai autos. With the objective of forming a series of commercial vehicle power platforms with independent intellectual property rights, Shanghai Diesel will become a power base for Shanghai auto commercial vehicles.

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