SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China's A-share market (Stock Code: 600104. SAIC Motor is at the forefront of automotive industrial development and innovation-driven transformation. The business covers the research, production and vehicle sales of both passenger cars and commercial vehicles, actively promoting new energy vehicles, the commercialisation of Internet-connected cars and exploring intelligent driving technology. SAIC Motor is represented in Europe as the owner of rapidly expanding MG Motor Europe. SAIC Motor's global car sales hit 6.93 million units in 2017, up 6.8 percent on the previous year and keeping its leading market share in China. In 2016, the company climbed 5 places to rank 41th on the annual Fortune Global 500 list, thanks to its $113.86 billion in revenues. It marked the 13th time that the company had made it onto the list of Fortune magazine's 2016 Global 500.