SAIC Motor Exceeds One Million Sales in Q1

[Market Update] SAIC Motor achieved retail sales of 1,008,000 vehicles in the first quarter, becoming the only automaker in the industry to surpass the one-million mark.

Core Developments: Dual Growth Drivers from Domestic Brands and Overseas Markets

SAIC Motor reported wholesale sales of 973,000 vehicles from January to March, up 3% year-over-year; retail sales reached 1,008,000 units, firmly securing its position as the industry leader. In March alone, the company sold 376,000 vehicles, marking its third consecutive month at the top.

Key Metrics: Strong Performance in New Energy and Overseas Segments

Sales of domestic brands totaled 657,000 units, accounting for 67.6% of total sales; overseas markets contributed 325,000 units, a significant year-over-year increase of 48.3%; cumulative new energy vehicle sales reached 270,000 units, driven by strong order growth from new models.

Strategic Foundation: Deepening Transformation to Build High-Quality Productivity

Through comprehensive and deepened reforms, SAIC has continued to achieve breakthroughs with IM Motors (sales up 96.9% year-over-year), SAIC Motor Passenger Vehicle Company (+40.4%), and its global expansion strategy, reinforcing its long-term competitiveness.