SAIC Motor : Jan-May sales reach 1.651 million units

About this update from Saic Motor Corporation Limited Class A

SAIC Motor has released its latest sales data, reporting 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. Among them, self-owned brands continued to rise, with SAIC Motor Passenger Vehicle sales up 37.7 percent year-on-year in May, IM Motors sales up 77.5 percent and Maxus sales up 43.7 percent. New energy vehicles (NEVs) surged across the board, with May sales reaching 182,000 units, up 46.5 percent year-on-year. Overseas markets maintained strong momentum, with May sales reaching 130,000 units, up 32.5 percent year-on-year. Self-owned brands continued to climb In May, its sales hit 263,000 units, up 14.7 percent from a year earlier, marking the fifth consecutive month of year-on-year growth. From January to May, sales of SAIC Motor's self-owned brands reached 1.173 million units, up 8.6 percent, to account for 71.1 percent of the company's total volume for the first time, an increase of 7 percentage points from the same period last year. SAIC Motor Passenger Vehicle sold 100,000 units in May, up 37.7 percent year-on-year, and 434,000 units from January to May, up 42.5 percent from a year earlier. Maxus sold 26,000 units in May, up 43.7 percent year-on-year, and 109,000 units from January to May, up 24.4 percent. SAIC-GM-Wuling sold 119,000 units in May and 551,000 units from January to that month. Recently launched heavyweight models such as Wuling Binguo Pro and the SAIC-GM-Wuling Huajing S became hot sellers upon launch. NEV sales surged across the board In May, SAIC Motor sold 182,000 NEVs, up 46.5 percent year-on-year. From January to May, NEV sales reached 595,000 units, up 13.2 percent. IM Motors sold 32,000 units from January to May, up 114.6 percent. SAIC Motor Passenger Vehicle's NEV sales reached 174,000 units from January to May, surging 195 percent year-on-year. In May, MG4 sales exceeded 15,000 units, marking the eighth month in which monthly sales topped 10,000 units. MG 4X, the second heavyweight model in the MG4 family and a battery-electric SUV focused on quality and driving fun, was officially launched at the end of May. It is the first model to bring a semi-solid battery and rear-drive five-link independent suspension to the 90,000-yuan ($13,293.55) SUV segment. Maxus sold 34,000 NEVs from January to May, up 63.3 percent year-on-year. SAIC-GM-Wuling ...

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