SAIC Motor continues leading China in car sales

China's largest carmaker SAIC Motor sold more than 4.27 million vehicles during the January to October period, allowing it to maintain the leading position in the country, according to official statistics released by the group on Nov 7.

Sales of its self-owned brands exceeded 2.19 million vehicles from January to October, accounting for more than 50 percent of the carmaker's total sales. SAIC Motor sold 800,000 new energy vehicles (NEVs) during the period, a year-on-year increase of 44 percent, while its overseas sales amounted to 772,000 vehicles, up 46.1 percent year-on-year. Sales of both NEVs and overseas sales in the first 10 months surpassed those of the entirety of 2021.

Official statistics showed that in October, the carmaker sold 503,000 vehicles, exceeding the 500,000-level for four consecutive months. NEV sales hit 102,000 vehicles last month, while the monthly sales in overseas markets remained at a relatively high level of more than 80,000 vehicles, breaking the record of Chinese automobile companies in overseas markets.

SAIC Motor has accelerated its development in intelligent connected NEVs. The L7 SP, a new vehicle model developed by IM, an electric automobile company founded by SAIC Motor, hit the market in October, setting a new starting point for high-performance electric vehicles in China.

The SUV R7, a new model launched by SAIC Motor's Rising Auto, entered the market at the end of September. Rising Auto’s RISING PILOT was first launched in China’s six cities: Shanghai, Suzhou, Guangzhou, Shenzhen, Hangzhou and Beijing. Its sales volume is expected to see rapid growth.

MG4 ELECTRIC, the first model that SAIC Motor built using its dedicated electric platform, has been on sale in nearly 20 European countries, and the accumulated shipping volume has exceeded 10,000 vehicles.