In 2023, SAIC's total vehicle sales maintained its position as China's top-selling automaker for the 18th consecutive year. In 2024, the overseas sales target is set to reach 1.35 million units!

"SAIC Motor Group has announced its sales performance for the year 2023, with a total of 5.02 million new cars sold, maintaining its position as China's top-selling automaker for the 18th consecutive year. However, this figure represents a 5.3% decrease compared to the 5.30 million vehicles sold in 2022. The quarterly sales figures for the four quarters were 890,000, 1.18 million, 1.31 million, and 1.64 million units, showing a consistent upward trend quarter over quarter.

In 2023, propelled by the release of a series of flagship new models, SAIC's independent brands continued to gain momentum, and the transformation efforts in joint ventures began to show positive results. The independent brands of SAIC achieved a sales volume of 2.775 million units in 2023, accounting for over 55% of the group's total sales, marking a 2.5% increase compared to 2022. Overall, the cumulative sales of SAIC's independent brands for the entire year were 2.775 million units, representing 55% of the group's total new car sales and an increase of 2.5 percentage points from the previous year. Zhiji Auto sold 38,300 units throughout the year, experiencing a remarkable year-on-year growth of 665%.

In the realms of new energy vehicles (NEVs) and overseas sales, SAIC set new records in 2023, selling 1.123 million NEVs throughout the year, a 4.6% YoY increase. The overseas sales reached 1.208 million units, marking an 18.8% YoY increase and maintaining its position as the industry leader in China for the eighth consecutive year. Zhiji Auto achieved a yearly sales figure of 38,300 units, witnessing a remarkable YoY growth of 665%, with monthly sales surpassing ten thousand units for the first time in December.

SAIC Volkswagen's annual sales of new energy vehicles exceeded 130,000 units, a YoY growth of 32.1%, and December sales exceeded 20,000 units for the first time. SAIC Passenger Car (including overseas bases) sold 358,000 new energy vehicles, showing a YoY growth of 43.5%. SAIC-GM Wuling (including overseas bases) sold 459,000 new energy vehicles, with the Wuling Baojun surpassing 30,000 units in monthly sales for two consecutive months. SAIC-GM achieved an annual sales figure of 100,000 new energy vehicles, doubling YoY, and Buick Velite monthly sales exceeded ten thousand units.

In terms of joint venture brands, SAIC Volkswagen sold over 130,000 new energy vehicles for the whole year, growing by 32.1%, with December sales exceeding 20,000 units for the first time. SAIC-GM achieved an annual sales figure of 100,000 new energy vehicles, doubling YoY. In the overseas market, SAIC's overseas sales reached 1.208 million units in 2023, marking an 18.8% YoY increase. The sales of independent brands accounted for nearly 92% of the total, with new energy vehicle sales accounting for nearly 24%.

Looking ahead, SAIC plans to launch 14 new intelligent electric vehicles for the global market, achieving 'full coverage' in mainstream segmented markets. Zhao Aimin, Secretary of the International Committee and Deputy General Manager of SAIC stated that the overseas sales target for 2024 is 1.35 million units, with a goal of 1.5 million units in 2025. He emphasized that SAIC can challenge even higher targets and hopes to achieve better results while adhering to the principle of stability and progress. On January 15th, SAIC held the Cadre Conference for 2024, where Chen Hong, Secretary of the SAIC Group Party Committee and Chairman, stated, '2024 is the year for SAIC to implement the 'Three-Year Action Plan for the Development of New Energy Vehicles.' SAIC strives to achieve sales growth in 2024 that exceeds the market average, with a significant increase in market share.' The 'Three-Year Action Plan for the Development of New Energy Vehicles' outlined by SAIC sets a clear goal for the year 2025, with the target of achieving an annual sales volume of 3.5 million new energy vehicles, a 2.5-fold increase from 2022, and a compound annual growth rate of 50%."