The company operates 55 joint ventures with GM, Volkswagen, Volvo AB and other automakers as well as parts companies.
Chinese officials have picked SAIC as one of three megacompanies into which dozens of smaller automakers must merge. The other two are Changchun-based First Automotive Works Corp and Hubei-based Dongfeng Motors Corp.
At SAIC headquarters, President Hu Maoyuan stands in front of a life-size diorama that shows workers putting cars together in 1964 by using hoists, chains, and their bare hands and says proudly that he started his career on the assembly line.
He says China should maintain control of its auto industry."We need the resources of our foreign partners, but we don't wholly rely on them," Hu said.
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