What does SAIC Third Industry Company mean?

"SAIC Third Production Company" refers to a subsidiary of Shanghai Automobile Group Co., Ltd., which is mainly responsible for the production and sales of auto parts. Information from public information websites such as Enterprise Survey shows that SAIC III was established in 2003 with a registered capital of 654.38+0.5 billion yuan, and is a wholly-owned subsidiary of SAIC. The company's main business includes R&D, production and sales of auto parts, and its main products include engines, transmissions, chassis, car bodies and electronic control systems. In addition, SAIC-III has its own R&D center and testing center, which is dedicated to improving the quality and performance of products. In a word, SAIC-III is an important subsidiary of SAIC, and one of the important participants in the auto parts industry in China, with rich experience and technical strength in R&D, production and sales of auto parts.