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SAIC Motor continues to lead the market, with outstanding performance in new energy vehicles

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Oct 10, 2023 pm 01:45 PM

News on October 9th, the latest data released by Shanghai Automotive Group (SAIC) showed that they once again set a new monthly sales high in September, reaching 482,000 vehicles. This achievement adds to the overall sales momentum this year. . Not only that, SAIC's terminal delivery volume of new energy vehicles also reached 102,000 units in the same month, and its wholesale sales in overseas markets reached 105,000 units, setting its best performance this year.

SAIC Motor continues to lead the market, with outstanding performance in new energy vehicles

Although the overall sales situation is gratifying, judging from the operating conditions of each subsidiary, gaps still exist. In September, SAIC-Volkswagen's production and sales were 117,800 and 120,000 vehicles respectively, down 13.47% and 7.83% year-on-year respectively; while SAIC-GM's production and sales were 97,000 and 100,000 vehicles respectively, down 12.55% and 10.73% year-on-year respectively. The main reason is still the impact of the preferential car purchase tax policy in the same period last year. However, data previously released by the two companies showed that sales of new energy vehicles still maintained steady growth. Orders for SAIC Volkswagen's ID. series models exceeded 20,000 units in September, while SAIC-GM's new energy vehicle sales also exceeded 10,000 units for the first time in the same month

SAIC Motor continues to lead the market, with outstanding performance in new energy vehicles

SAIC-GM's Wuling and Maxus brands suffered sales declines in September. SAIC-GM-Wuling's production and sales were 111,800 and 135,000 vehicles respectively, down 38.54% and 17.78% year-on-year; while SAIC Maxus's production and sales in that month were 19,800 and 19,100 vehicles respectively, down 10.76% and 11.65% year-on-year. . Despite facing some challenges, SAIC's performance in the field of new energy vehicles is still eye-catching, demonstrating their positive attitude in responding to market changes and green travel trends

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