New energy vehicle and overseas sales hit record highs. SAIC Motor sold 5.02 million vehicles in 2023, ranking first in China for 18 consecutive years.

(Shanghai, January 3, 2024) In 2023, SAIC Motor sold 5.02 million vehicles, ranking first in China for 18 consecutive years; among them, the sales of vehicles in the four quarters were 890,000, 1.18 million, 1.31 million, and 1.64 million respectively, achieving "quarter-by-quarter and month-on-month growth", and the momentum of stabilization and recovery continued to strengthen. Especially in terms of new energy vehicles and overseas sales, after the company took the lead in reaching the "double million" level in 2022, it set a new historical high in 2023: new energy vehicle sales of 1.123 million units for the whole year, a year-on-year increase of 4.6%, ranking second among domestic automakers; overseas sales for the whole year reached 1.208 million units, a year-on-year increase of 18.8%, ranking first in the domestic industry for the eighth consecutive year, helping my country's automobile exports surpass Japan and become the world's first.

The production and sales structure continues to be optimized. In 2023, with the launch of a series of heavyweight new cars, SAIC's independent brands continued to move forward, and the transformation of joint ventures has been strengthened and effective. The company's independent brand sales reached 2.775 million units throughout the year, accounting for more than 55% of the group's sales, an increase of 2.5 percentage points from 2022; at the same time, the company actively optimized the production and sales structure, focused on increasing the sales proportion of mid-to-high-end products, and continuously consolidated the quality of operations. The company's sales revenue has increased steadily compared with 2022, and the resilience of economic operation has been further enhanced.

Speed ​​up on the new track. In 2023, SAIC officially released the three-year action plan for the development of new energy vehicles, pressing the accelerator for the transformation to the new track. In terms of independent brands, Zhiji Auto sold 38,300 vehicles throughout the year, a year-on-year increase of 665%. In December, sales reached a new level of 10,000 vehicles. Zhiji LS6 has been the sales champion of medium and large pure electric SUVs in China for many consecutive weeks, and has established a firm foothold in the high-end market; SAIC Passenger Vehicles (including overseas bases) sold 358,000 new energy vehicles, a year-on-year increase of 43.5%; SAIC-GM-Wuling (including overseas bases) sold 459,000 new energy vehicles, and Wuling Bingo's sales exceeded 30,000 vehicles for two consecutive months, becoming the new sales leader. In terms of joint venture brands, SAIC Volkswagen and SAIC GM maintained their leading position in the joint venture new energy camp. SAIC Volkswagen sold more than 130,000 new energy vehicles throughout the year, a year-on-year increase of 32.1%. Sales in December exceeded 20,000 for the first time. ID.3 became the "new hit" of joint venture pure electric vehicles, helping the ID. family to sell more than 10,000 units for six consecutive months; SAIC GM sold 100,000 new energy vehicles throughout the year, doubling year-on-year, and Buick Velite's monthly sales exceeded 10,000 units.

Leading in overseas market strength. In 2023, SAIC's overseas sales reached 1.208 million vehicles, a year-on-year increase of 18.8%, leading the Chinese automobile companies for eight consecutive years; among them, the sales of independent brands accounted for nearly 92%, and the sales of new energy vehicles accounted for nearly 24%. Based on the Nebula pure electric exclusive series platform, "SAIC's first global car" MG4 EV has landed in more than 80 countries on six continents around the world, and successfully won more than 30 authoritative overseas awards such as the "British, French, German and Australian Annual Model Grand Slam". In 2023, MG4 EV's sales in Europe exceeded 100,000 units, becoming the "compact pure electric vehicle sales champion", and Europe also became SAIC's first "200,000-level" overseas regional market. Next, SAIC will also launch 14 new smart electric "global cars" in overseas markets to further expand its overseas product lineup and achieve "full coverage" of mainstream market segments.

SAIC Group will continue to be user-centric, focus on the new electric and intelligent track, accelerate the formation and continuous expansion of new quality productivity, lead the transformation and upgrading of the industry, and strive to make greater contributions to the construction of China as a strong automobile country and the high-quality development of Shanghai's economy.

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.