SAIC Motor's Jan-May sales reach 1.651 million units
SAIC Motor reported total group sales of 349,000 units in May and 1.651 million units from January to May, continuing to lead China's automotive industry.
- 1.651 million units
- 182,000 units
- over 100 million vehicles
What Happened
SAIC Motor reported total group sales of 349,000 units in May and 1.651 million units from January to May, maintaining its leadership in China's automotive industry. The company saw strong growth across self-owned brands, NEVs, and overseas markets.
Self-owned brand sales hit 263,000 units in May, up 14.7% year-on-year, marking the fifth consecutive month of growth. From January to May, self-owned brand sales reached 1.173 million units, accounting for 71.1% of total volume for the first time. SAIC Motor Passenger Vehicle sales surged 37.7% in May, while IM Motors and Maxus saw gains of 77.5% and 43.7% respectively.
New energy vehicle (NEV) sales surged 46.5% in May to 182,000 units. From January to May, NEV sales reached 595,000 units, up 13.2%. IM Motors' January-May NEV sales jumped 114.6%, and SAIC Motor Passenger Vehicle's NEV sales more than doubled, rising 195%.
Overseas sales totaled 589,000 units from January to May, up 45.9% year-on-year. In Europe, MG sold 150,000 units, retaining its title as the top-selling Chinese auto brand. On May 28, SAIC Motor celebrated the delivery of its 100-millionth customer, a milestone marking the first Chinese automotive group to exceed 100 million cumulative vehicle sales.
Why this matters
The sales figures highlight SAIC's market leadership and growth across self-owned brands, NEVs, and overseas markets, reflecting China's automotive industry trends.
Terms in This Story
- NEV
- New Energy Vehicle, a vehicle powered by alternative energy sources such as battery electric, plug-in hybrid, or fuel cell.
- Self-owned brands
- Automotive brands that are wholly owned and developed by the company itself, as opposed to joint ventures.
- Joint venture
- A business arrangement where two or more parties share ownership and control of a company or project.
Summarised from the linked release; details can be imperfect — always verify against the original source.