Yang Huaijing Promoted to Vice President of SAIC Motor to Lead Commercial Vehicle Growth

[Personnel Change] Yang Huaijing has been promoted to Vice President of SAIC Motor, with a clear focus on achieving the annual sales target of 500,000 commercial vehicles.

Core Development: Yang Huaijing Joins Executive Leadership to Accelerate the "Grand Commercial Vehicle" Strategy

On July 8, 2026, the SAIC Motor Board of Directors unanimously approved the appointment of Yang Huaijing as Vice President of the company, effective for the same term as the current board. He will continue to concurrently serve as Chairman of the SAIC Motor Commercial Vehicle Executive Management Committee and General Manager of SAIC MAXUS, overseeing the overall operations of the commercial vehicle segment.

Key Metrics: Commercial Vehicle Sales Reach Nearly 150,000 Units in First Half, Targeting 500,000 Annually

In the first half of 2026, SAIC's commercial vehicle sales reached 150,000 units, an increase of 24% year-over-year, with new energy and overseas businesses standing out as key highlights. This new appointment aims to integrate the group’s R&D and supply chain resources to fully pursue the annual sales target of 500,000 units.

Strategic Foundation: Strengthening the Second Growth Engine and Reinforcing the Dual-Drive Model of Passenger and Commercial Vehicles

Yang Huaijing holds dual master’s degrees in Business Administration and Engineering and has accumulated extensive experience within SAIC through multiple core roles over many years. His promotion underscores SAIC’s strategic emphasis on its commercial vehicle segment, aiming to enhance profitability and operational synergy.