SAIC Motor Surpasses One Million Retail Sales in Q1

[Sales Flash] SAIC Motor's sales rebounded strongly in March, with exports hitting a record high.

Core Highlights: Q1 Retail Sales Exceed One Million Units

SAIC Motor sold 376,000 vehicles in March, securing its third consecutive monthly sales crown; cumulative retail sales from January to March reached 1,008,000 units. Among these, sales of its own brands totaled 657,000 units, up 9.3% year-over-year; new energy vehicle (NEV) sales reached 270,000 units, firmly placing it among the industry leaders.

Key Metrics: Dual Growth in Exports and New Energy Vehicles

From January to March, export sales reached 325,000 units, surging 48.3% year-over-year. SAIC Passenger Vehicles achieved retail sales exceeding 91,000 units in March, with NEV retail sales soaring 229.5% month-over-month; the all-new MG4 sold over 14,000 units in a single month, marking six consecutive months of sales exceeding 10,000 units.

Strategic Foundation: Overseas Markets Emerge as Core Growth Engine

Own brands such as Roewe and MG are accelerating their global expansion, repeatedly setting new records for monthly overseas sales and becoming a critical source of incremental growth for SAIC Motor and Chinese automakers overall.