飞凡Rising Auto

Who owns Rising Auto? The ownership chain, SAIC Motor's stake and the 2020 deal

Facts checked Chinese holding 100%

Rising Auto is Chinese. It was SAIC's mid-market electric brand, spun out of the Roewe R line in 2021, and has since gone quiet as SAIC concentrated on MG and IM. Treat it as dormant rather than current.

Created as the Roewe R brand on 10 May 2020, spun out as Rising Auto in November 2021 and folded back into Roewe in the autumn of 2024. SAIC owned it throughout.

The short answer

Controlled by SAIC Motor
Stake100%
Since10 May 2020
Kindbrand
OriginCN
Name in Chinese 飞凡 Fēifán “fay-FAHN”
Top of the chainShanghai Municipal State-owned Assets Supervision and Administration Commission
Is it Chinese? Yes

The chain, step by step

  1. Shanghai Municipal State-owned Assets Supervision and Administration Commission controls SAIC Motor since 1995.

    The Shanghai municipal state-assets commission is SAIC Motor's ultimate controller, holding its shares through the wholly state-owned parent Shanghai Automotive Industry Corporation (Group). Published figures for the parent's holding in the listed company cluster between about 63% and 68%; no figure carrying its own date could be confirmed from an SAIC filing, so the stake is left null.

  2. SAIC Motor owns Rising Auto at 100% since 10 May 2020.

    Created as the Roewe R brand on 10 May 2020, spun out as Rising Auto in November 2021 and folded back into Roewe in the autumn of 2024. SAIC owned it throughout.

Every holding above this entity, with the stake and the date it began.
Holder Holds Kind Stake Since
Shanghai Municipal State-owned Assets Supervision and Administration Commission SAIC Motor controls controls 1995
SAIC Motor Rising Auto owns 100% 10 May 2020

Rising Auto: questions people ask

Does Rising Auto still exist?
Not as a separate brand. SAIC ended Rising Auto's independent operation in 2024 and moved it inside Roewe as a premium electric product line.
Who owned Rising Auto?
SAIC Motor, throughout. It was created as an electric line within Roewe in 2020, made a separate company in 2021 and merged back into Roewe in 2024.
What does Feifan mean?
飞凡 (Fēifán) is written as 'fly' plus 'ordinary' but sounds identical to 非凡, the ordinary Chinese word for 'extraordinary'. The wordplay is the point of the name.

Related

Sources for Rising Auto

  1. Wikipedia, Rising Auto. Read . The 2020 founding as Roewe R, the 2021 independence, the model line and the 2024 merger back into Roewe.
  2. CnEVPost, SAIC abandoning EV unit Rising Auto, report says. Read . 15 March 2024 report that SAIC was winding the brand down.
  3. Wikipedia, Roewe. Read . Gives November 2024 for the announcement that Rising would become a Roewe line.
  4. Wikipedia, List of automobile manufacturers of China. Read . SAIC Motor's brand portfolio.
  5. SAIC Motor, Company Profile. Read .
  6. Wikipedia, SAIC Motor. Read . Gives 62.69% for the Shanghai state-assets commission, without a date.