SAIC, China’s largest automobile manufacturer, continues to increase its global sales performance.

The production giant shared its results for the first half of 2024; He named it as the New Growth-Bringing Triad; It strengthens its performance by focusing on three major strategic areas consisting of its own brands, new energy vehicles (NEV) and foreign markets.

The company’s own brand sales reached 1.26 million units, accounting for 59 percent of the company’s sales, new energy vehicle (NEV) sales increased by 29.5 percent annually to 522 thousand units, and sales to foreign markets increased by 13.9 percent annually to 554 thousand units. reached.

SAIC, which has achieved unprecedented momentum with the New Growth-Bringing Trio; It dazzles with its successful new development model, shifting from joint ventures to its own brands, from fossil fuel vehicles to electric vehicles, and from the domestic market to foreign markets.

Super Fast Growth with the New Growth-Bringing Trio!

Since 2018, SAIC’s annual new energy vehicle (NEV) sales have increased from 142 thousand units to 1.12 million. With these sales results indicating a 7-fold increase, SAIC ranked at the top in global new energy vehicle (NEV) sales.

SAIC’s annual sales to foreign markets more than tripled, from 277 thousand units to 1.2 million units. In addition, the company maintained its top position among Chinese automobile companies in overseas sales, and the sales rate of its own brands increased from 39.5 percent to 55.3 percent, exceeding more than half of SAIC’s total sales.

SAIC builds on the strong momentum provided by the New Growth-Driving Triad; It accelerates the construction of a new development model that focuses on joint ventures, own brands, fossil fuel vehicles, electric vehicles and domestic markets to foreign markets.

Industry’s Highest Standard Reached for MG Batteries!

SAIC’s new energy vehicle (NEV) sales in the January-June 2024 period reached 522 thousand units, an annual increase of 29.5 percent. SAIC IM Motors rose to the top league of emerging brands by selling over 6 thousand units in June.

Its total sales in the first half of the year reached 22 thousand units, with an annual increase of 135 percent. SAIC’s passenger vehicle sales continued to grow, reaching 128 thousand units in the first half of the year. While SAIC Volkswagen maintained its market share in fossil fuel vehicles, it also made a major breakthrough in hybrid and electric vehicles. In the January-June period, hybrid and electric vehicle sales increased by 48 percent annually, reaching 57 thousand units.

SAIC-GM, on the other hand, exceeded 47 thousand units with an increase of 85.1 percent in hybrid and electric vehicle sales. Roewe and MG brands, which are under the umbrella of SAIC, started the “Super Safe Battery Commitment” process in China. This commitment represents the industry’s highest standard of security.

MG Continues Its Steady Growth in Europe!

SAIC‘s sales to foreign markets in the January-June period reached 554 thousand units, with an annual increase of 13.9 percent. Thus, the company continued its leadership among Chinese automobile companies. SAIC’s MG brand surpassed Tesla and became one of the top 20 best-selling brands in the European market.

At the same time, the brand became one of the top 3 brands that increased their sales the most in the first half of 2024, when the sales of many important brands in Europe decreased compared to the previous year. Despite the impact of the Red Sea Crisis and the anti-subsidy tariffs implemented by the EU since the beginning of this year, sales of the MG brand in the European market amounted to over 120 thousand units in the January-June period.

From Joint Venture to Joint Creation!

As the automotive industry around the world rapidly moves towards the electric and smart vehicle era, and with China’s rise in the new energy vehicles (NEV) world, joint ventures and collaborations in China’s automotive industry have transformed into a “joint technological innovation” approach.

SAIC, which has the most advanced smart electric technologies in the world, has signed cooperation agreements with its partners to achieve “technological empowerment”. Within the scope of these agreements; Last May, it formed a partnership to co-develop multiple high-end intelligent new energy vehicles (NEVs) and Advanced Digital Platforms for Audi.

Last June, it signed a cooperation agreement for a new product technology with Volkswagen, with which it has been a partner for 40 years, to jointly develop three rechargeable hybrid models and two fully electric models. SAIC also announced that it will support joint ventures to acquire new core competencies, explore new markets and create new mobility and lifestyles.