New energy domestic sales increased by 117.5% year-on-year, with steady progress. SAIC Motor released its first quarter report

(April 29, 2024, Shanghai) Shanghai Automotive Industry Corporation Limited (hereinafter referred to as: SAIC Group, stock code 600104) today released its first quarter report for 2024. In the first quarter of this year, the company actively responded to the adverse effects of the escalation of the industry price war, and the main economic indicators were stable and improved, and the business momentum was stable and improved. From January to March, SAIC's terminal delivery volume reached 1.132 million vehicles, a year-on-year increase of 9.3%, maintaining the industry's leading position; the domestic sales of new energy vehicles reached 168,000 vehicles, a year-on-year increase of 117.5%, far exceeding the industry growth rate; the terminal delivery volume in the overseas market reached 269,000 vehicles, a year-on-year increase of 21.3%; the group achieved a total operating income of 143.07 billion yuan, and a net profit attributable to shareholders of listed companies of 2.71 billion yuan, with a steady economic performance.

Sales of new energy vehicles have soared. In the first quarter of this year, SAIC's new energy vehicle sales exceeded 210,000 units, a year-on-year increase of 47.9%, ranking first in the global industry in new energy vehicle sales; among them, 168,000 new energy vehicles were sold in the domestic market, a year-on-year increase of 117.5%. The overseas market has "leaped up", and SAIC's terminal deliveries in overseas markets reached 269,000 units in the first quarter, a year-on-year increase of 21.3%. From January to March, half of SAIC's top 10 overseas sales countries were developed countries, including the United Kingdom (26,000 units), Australia (17,000 units), Italy (13,000 units), etc., and the overseas sales structure continued to be optimized and upgraded.

At the Beijing International Auto Show, which opened on April 25, the super smart sedan Zhiji L6 made its debut. With the industry-leading Linglizard digital chassis, light-year solid-state batteries, IMOS 3.0 smart ecological cockpit system and SUV-like multifunctional intelligent space, it redefined the product strength of high-end smart electric vehicles that truly belong to the intelligent era. At present, the official price of Zhiji L6 has not yet been announced, and the cumulative orders have exceeded 21,000 units, and the new car effect is becoming more and more apparent. At the auto show, a series of heavyweight new cars appeared on the same stage as Zhiji L6, including Roewe D5X DMH, Tiguan L Pro, Cadillac IQ, Buick's new GL8 PHEV, Chevrolet Equinox Plus, Wuling Xingguang Pure Electric Edition, etc., which will continue to help the company increase the sales volume and quality of its vehicles.

Technological innovation is "powerful". In the field of solid-state batteries, where competition is fierce in the global automotive industry, SAIC has taken the lead in achieving mass production and installation of solid-state batteries, with energy density increased by more than 50%, battery costs reduced by more than 10%, and a range of more than 1,000 kilometers, with safer and more reliable performance. In October this year, the Zhiji L6 Max Light Year Edition, which "exceeds 1,000 kilometers of ultra-long range", "quasi-900V ultra-fast energy replenishment", and "the whole package has no heat spread and no fire", will be officially delivered to users, truly eliminating mileage anxiety, energy replenishment anxiety and battery safety concerns.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.