SAIC Motor Reports Sales of 1.651 Million Vehicles from January to May, with Self-Owned Brands Exceeding 70% for the First Time

[Market Update] SAIC Motor sold a total of 1.651 million vehicles from January to May, with self-owned brands accounting for over 70% of total sales for the first time.

Core Development: Self-Owned Brands Become the Dominant Force

Sales of self-owned brands reached 1.173 million units, representing 71.1% of the group's total sales—a 7-percentage-point year-on-year increase—marking a reversal in the traditional dominance hierarchy between joint ventures and self-owned brands.

Key Metrics: Dual Engines of NEVs and Overseas Markets Drive Growth

In May, new energy vehicle (NEV) sales hit 182,000 units (+46.5% year-on-year), while overseas sales reached 130,000 units (+32.5% year-on-year). SAIC Motor Passenger Vehicle Company reported cumulative sales of 434,000 units from January to May (+42.5% year-on-year).

Strategic Foundation: Multi-Brand Synergy Fuels Growth

SAIC Motor Passenger Vehicle, SAIC MAXUS, and IM Motors achieved year-on-year sales growth in May of 37.7%, 43.7%, and 77.5%, respectively, demonstrating comprehensive momentum across the self-owned brand portfolio.