SAIC MOTOR

SAIC Motor leads China in car sales

SAIC Motor, the largest carmaker in China, sold 5.6 million vehicles in 2020, ranking first in China for the past 15 years.

In the face of market adjustments and industrial transformation, SAIC Motor proposed focusing on electrification, intelligent connectivity, sharing and globalization, and it expected to master core technologies in 2020.

The carmaker has made a number of achievements over the past year.

In 2020, it sold a record 2.6 million self-branded vehicles, including Roewe, MG, R-series, Maxus, Yuejin, Wuling, Wagon, Yongyan, and Sunwin, accounting for 46.4 percent of its total sales.

Sales of new energy vehicles (NEVs) by SAIC Motor saw a year-on-year increase of 73.4 percent to 320,000 that same year, representing the fastest growth rate and highest sales figures in China.

In September of last year, MAXUS EUNIQ 7, the world's first hydrogen fuel cell multi-purpose vehicle, was officially launched, and all its technical Indicators, including power, power density, and start-up at low temperatures, were among the best in the world.

Its 5G-enabled heavy trucks, which can drive automatically in specific scenarios, were put into commercial service in Yangshan Port, Shanghai, and transported a total of 20,000 twenty-foot equivalent units (TEUs) last year.

In addition, SAIC Mobility, a ride-hailing service platform invested by SAIC Motor, is capable of offering one-stop ride-hailing services, including online car reservations, car rental services for enterprises and individuals, and taxi services.

It has already finished A-round strategic financing and raised more than 300 million yuan ($45.80 million) from Alibaba Group and Contemporary Amperex Technology Co, a global leader in the development and manufacture of lithium-ion batteries.

In December of last year, Zhiji Motor, which is jointly invested by SAIC Motor, Shanghai Pudong New Area, and e-commerce giant Alibaba Group, registered in Pudong New Area.

It secured more than 10 billion yuan ($1.55 billion) in its initial round of financing, setting a record among auto tech startups in China.

In 2020, SAIC Motor exported 390,000 vehicles, a year-on-year increase of 11.3 percent and accounting for more than one third of China’s total vehicle exports. It has ranked first in the country for the past five years.

Its self-owned brands MG and Maxus sold more than 40,000 vehicles in the United Kingdom, the Netherlands, Norway, Denmark, France, and Germany, 60 percent of which were NEVs.

SAIC Motor's services and products are currently accessible in more than 60 countries and regions, and it has established nearly 810 overseas marketing service offices and developed nine large-scale overseas markets.

In addition to its overseas production bases in India, Thailand, and Indonesia, it also plans to open a production base in Pakistan this year.

Over the next five years, SAIC Motor aims to become the fifth largest carmaker in the world, two spots higher than its current ranking, and build an auto group worth 1 trillion yuan with international competitiveness and influence.

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