SAIC Motor (上海汽车集团股份有限公司|上汽集团)

In 2020, SAIC achieved sales of 320,000 low-carbon vehicles, a year-on-year increase of 77% on 2019. It sold the most new energy vehicles of any company in China. In 2015, its new energy vehicle sales accounted for 0.2% of total sales, increasing to 5.9% by 2020. The company has announced it will achieve global sales of more than 2.7 million low-carbon vehicles by 2025, accounting for no less than 32% of its total vehicle sales. This ambitious goal is nearly aligned with the company’s 1.5°C pathway, which expects 34% of sales to be low-carbon by 2025.

SAIC is developing a mobility business called Xiangdao Mobility which provides ride-hailing, corporate and personal car rental, and taxi services. Its ride-hailing business had 26 million users by the end of 2020 and its car rental business covers 154 cities in China. SAIC should provide more information on the future development plans of these low-carbon business activities to further improve.

The company provides training to suppliers. It invites suppliers into its green supply chain program which it states leads to reduction in CO2 emissions of 12,644 tonnes per year. However, details of the methods used to engage suppliers and evaluate their emissions are not available. The company should disclose more information on its climate-related supply chain engagement to improve its low-carbon performance. It should also set targets to reduce supply chain emissions and collaborate with suppliers to develop low-carbon products such as green steel for manufacturing vehicles.

SAIC has achieved the highest sales of low-carbon vehicles of any company in China, indicating that it has to some extent successfully marketed these vehicles. However, the company does not disclose any specific strategy or initiatives to promote low-carbon vehicles through, for example, providing discounts on battery charging or promotional campaigns. By developing and disclosing a clear strategy to promote low-carbon vehicle sales, SAIC can meet its goal of achieving a 32% low-carbon vehicle share by 2025.

SAIC aims to peak its scope 1 and 2 emissions by 2025. It is also aiming to sell 2.7 million low-carbon vehicles by 2025, equivalent to at least 32% of its total vehicle sales.

The company plans to increase its share of low-carbon vehicle to 32% of total vehicle sales by 2025, but does not disclose details on how it will achieve this. It continues to monitor and reduce emissions in its manufacturing plants. It also innovates in hydrogen battery technology and operates a car hailing and car-sharing service.

SAIC has achieved sales of 320,000 new energy vehicles in 2020, an increase of 73.4% on 2019. It sold the most new energy vehicles of any company in China.

SAIC’s scope 3 emissions intensity decreased from 88 grammes CO2 per passenger kilometre (gCO2/p.km) in 2015 to 71 gCO2/p.km in 2020. The company’s scope 1 and 2 emissions intensity is estimated to have increased from 0.88 tonnes of CO2 per vehicle produced (tCO2/vehicle) in 2017 to 6.7 tCO2/vehicle in 2020.

The company’s past trend in emissions intensity, as well as increasing low-carbon vehicle share, indicate it is transitioning to the low-carbon economy. SAIC has set a low-carbon vehicle sales share target, but its plan to achieve this lacks detail.