SAIC Motor

automotive·🇨🇳 China·Ownership re-checked 2026-10-05 · exposure claims not re-checked since fill

SAIC Motor (600104.SH) is China's largest state-owned automaker by volume, selling 4.507 million vehicles in 2025 (+12.3% YoY), of which 1.643 million were NEVs (+33.1% YoY) — about 36% of the mix.

Supply-risk report · CRMA Art. 20–25 assessment Policy outlook · threats, impact & strategy

/ 100

Low

Binding chokepoint

dysprosium 49

Controller

🇨🇳 CN 99%

Measures, 24m

122 · 5 total mentions

Scored exposures

14 materials

Net under pressure: 2 restrictive vs 1 supportive measures in the last 24 months. Its binding exposure, dysprosium, is controlled by CN at 99% of refined output.

Corporate structure

—

Free float, subsidiaries & legal entitiesShow

Shanghai Automotive Industry Corporation (Group) Co., Ltd. (上海汽车工业(集团)有限公司)63.7%

Named supply chain

every row cited

10sourced counterparties

Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 5 suppliers, 5 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.

customer · FY20255.13%

customer · FY20252.43%

customer · FY20251.54%

customer · FY20251.47%

Evidence, sources and scopeShow

customerprimary-source

First vintage on file for this dossier — rank label not yet checked against FY2024 or FY2026 filings, so stability across years is unproven. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): source PDF page 155 confirms 客户一 = 33,120,406,668.62 yuan / 5.13% verbatim -- confirmed, no change.

disclosed FY2025primary source ↗

customerprimary-source

First vintage on file for this dossier. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): source PDF page 155 confirms 客户二 = 15,730,209,886.40 yuan / 2.43% verbatim -- confirmed, no change.

disclosed FY2025primary source ↗

customerprimary-source

First vintage on file for this dossier. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): source PDF page 155 confirms 客户三 = 9,957,610,546.75 yuan / 1.54% verbatim -- confirmed, no change.

disclosed FY2025primary source ↗

customerprimary-source

First vintage on file for this dossier. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): source PDF page 155 confirms 客户四 = 9,523,196,371.07 yuan / 1.47% verbatim -- confirmed, no change.

disclosed FY2025primary source ↗

customerprimary-source

First vintage on file for this dossier. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): source PDF page 155 confirms 客户五 = 7,126,788,037.36 yuan / 1.10% verbatim -- confirmed, no change.

disclosed FY2025primary source ↗

上汽大众动力电池有限公司 / SAIC Volkswagen Power Battery Co., Ltd.supplierrelated partyprimary-source

EV battery-pack JV (SAIC/Volkswagen) named in the H1-2026 related-party transaction list — direct lithium/cobalt/nickel/manganese/graphite relevance. No per-entity transaction amount disclosed: the filing gives only the aggregate 'joint ventures' category total (procurement RMB 86.920bn, sales RMB 20.762bn for H1-2026, unaudited), so no share_pct is asserted for this row specifically. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): entity confirmed still listed as 合营企业 (p.125) and the aggregate 合营企业/采购商品及劳务 = 86,920,158,945.00 yuan, 销售商品 = 20,761,976,425.84 yuan (p.128) verbatim -- confirmed, no change.

disclosed H1-2026primary source ↗

华域皮尔博格(广德)有色零部件有限公司 / Huayu Pylon (Guangde) Nonferrous Components Co., Ltd.supplierrelated partyprimary-source

Named JV in the H1-2026 related-party list; '有色零部件' (nonferrous components) is the entity's own registered business line — aluminium/copper relevance. Same aggregate-only caveat as above; no per-entity amount. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): entity confirmed still listed as 合营企业 (p.125) -- confirmed, no change.

disclosed H1-2026primary source ↗

华域皮尔博格安亭(上海)有色零部件有限公司 / Huayu Pylon (Anting, Shanghai) Nonferrous Components Co., Ltd.supplierrelated partyprimary-source

Same JV family as the Guangde entity above, different production site. Aggregate-only caveat applies; no per-entity amount. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): entity confirmed still listed as 合营企业 (p.125) -- confirmed, no change.

disclosed H1-2026primary source ↗

皮尔博格(昆山)有色零部件有限公司 / Pierburg (Kunshan) Nonferrous Components Co., Ltd.supplierrelated partyprimary-source

Same Pierburg-branded nonferrous-components JV family. Aggregate-only caveat applies; no per-entity amount. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): entity confirmed still listed as 合营企业 (p.125) -- confirmed, no change.

disclosed H1-2026primary source ↗

联合汽车电子(柳州)有限公司 / United Automotive Electronic Systems (Liuzhou) Co., Ltd.supplierrelated partyprimary-source

Bosch/SAIC automotive-electronics JV (fuel-injection and electronic control units) named in the H1-2026 related-party list — copper/tin/silicon relevance. Aggregate-only caveat applies; no per-entity amount. Re-checked 2026-09-22 (wake-minerals-buyers, step 0.5): entity confirmed still listed as 合营企业 (p.126) -- confirmed, no change.

disclosed H1-2026primary source ↗

Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.

Material exposure

14scored materials

Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.

dysprosium🇨🇳 CN 49

terbium🇨🇳 CN 43

graphite🇨🇳 CN 42

The other 11 exposuresShow

MOFCOM Announcement 61 scope

Caught — disclosed

Dossier discloses a dysprosium, terbium or samarium material exposure directly — A61 §1(2) names Dy/Tb-containing NdFeB and SmCo magnets by element.

A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.

Supply-pressure direction · as consumer

rising10 of 14 exposures computable

As a buyer, policy pressure across its consumed materials is rising.

dysprosium🇨🇳 CN · bindingrising

praseodymium🇨🇳 CNrising

terbium🇨🇳 CNrising

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

11 moreShow

aluminium🇨🇳 CNrising

silicon🇨🇳 CNrising

neodymium🇨🇳 CNflat

lithium🇨🇳 CNflat

graphite🇨🇳 CNflat

copper🇨🇳 CNflat

chromium🇨🇳 CNflat

cobalt🇨🇳 CNcoverage-limited

manganese🇨🇳 CNtoo few actions

nickel🇨🇳 CNtoo few actions

tin🇨🇳 CNtoo few actions

Policy measures, last 24 months

32 restrictive · 1 supportive · 0 neutral

🇨🇳 CN accounts for 60% of severity-weighted pressure.

Türkiye standardises additional customs duty on non-FTA passenger-vehicle imports at 25–30% (Presidential Decree 10436)🇹🇷 headwind sev 4

Shanghai Three-Year Action Plan for Supporting the Transformation and Upgrading of Advanced Manufacturing (2026-2028), Hufubangui [2025] No. 20🇨🇳 tailwind sev 3

China MOFCOM + MIIT + GAC + SAMR Announcement No. 54 (2025) — Export Licence Management for Pure Electric Passenger Vehicles🇨🇳 headwind sev 3

See all in the register →

If passed, would hit their inputs

67proposals matching this company's materials

Zhejiang Huayou Cobalt — USD 210m acquisition of Atlantic Lithium Ltd (Ewoyaa Lithium Project, Ghana)🇨🇳 lowlithium

DRC — Interministerial Arrêté Banning Export of Unprocessed Copper and Cobalt Concentrates (29 June 2026, replaces 4 August 2023 framework)🇨🇩 highcopper, cobalt

Guinea — Ministry of Mines plan to reduce bauxite export volumes to support prices (differential quota/allocation tied to downstream-investment commitments)🇬🇳 lowbauxite

3 more of 64Show

Zambia SI No. 43 of 2026 — Customs and Excise (Suspension) (Copper Concentrates) (No. 2) Regulations, 2026🇿🇲 highcopper, cobalt

African Union / AfDB — continental harmonisation of mining legislation toward a ban on unprocessed critical-mineral ore exports (Abidjan Ministerial Forum outcome) lowcobalt, copper, lithium, manganese, bauxite, graphite, rare-earths

DRC — ARECOMS forfeiture & reallocation of unused H1-2026 cobalt export quotas to the state strategic reserve (in force ~29 June 2026)🇨🇩 highcobalt

Supplier alternatives

12of 14 exposures have a viable non-dominant substitute · avg lead 7mo

graphite🇨🇳 CN 85% → 🇯🇵 JP6-12mo

neodymium🇨🇳 CN 85% → 🇲🇾 MY6-12mo

praseodymium🇨🇳 CN 85% → 🇲🇾 MY6-12mo

9 moreShow

copper🇨🇳 CN 48% → 🇨🇩 CD6-12mo

manganese🇨🇳 CN 90% → 🇿🇦 ZA6-12mo

lithium🇨🇳 CN 65% → 🇨🇱 CL0-6mo

nickel🇨🇳 CN 36% → 🇮🇩 ID0-6mo

cobalt🇨🇳 CN 78% → 🇫🇮 FI6-12mo

silicon🇨🇳 CN 80% → 🇩🇪 DE6-12mo

tin🇨🇳 CN 55% → 🇮🇩 ID0-6mo

chromium🇨🇳 CN 46% → 🇿🇦 ZA0-6mo

aluminium🇨🇳 CN 61% → 🇮🇳 IN6-12mo

Traders & procurement channels

2named-material houses of 5 tracked

Lipmann WaltonHenley-on-Thames, UKmanganese, nickel, cobalt, chromium

Strategic Metal InvestDiepholz, Germany / UK affiliatedysprosium, terbium, neodymium

TraxysLuxembourgbroad universe

Full channel directory →

2 moreShow

Wogen plcLondonbroad universe

Tradium GmbHFrankfurtbroad universe

Last register action 30 Dec 2025 · 1 in the last 12 months. Material exposures are company-researched, not yet re-checked; scores are footprint-adjusted and buyer-relative.

Loading…

SAIC Motor

automotive·🇨🇳 China·Ownership re-checked 2026-10-05 · exposure claims not re-checked since fill

SAIC Motor (600104.SH) is China's largest state-owned automaker by volume, selling 4.507 million vehicles in 2025 (+12.3% YoY), of which 1.643 million were NEVs (+33.1% YoY) — about 36% of the mix.