SAIC MOTOR(600104) 证券时报网·2025-01-01 08:19Sales Performance - SAIC's self-owned brands (IM, Roewe, Feifan, MG, Maxus, Wuling, Baojun) achieved sales of 2.408 million units in 2024, accounting for 60% of the group's total sales, a 5 percentage point increase from 2023 [1] - New energy vehicle sales reached 1.234 million units, a year-on-year increase of 9.9%, setting a historical record [1] - The high-end new energy brand IM sold 66,000 units, a year-on-year increase of 71.2% [1] - Overseas market terminal deliveries reached 1.082 million units, a year-on-year increase of 2.6%, maintaining a leading position in the industry [1] - MG achieved sales of over 240,000 units in Europe, showing growth despite the EU's anti-subsidy measures [1] Strategic Partnerships - SAIC and Audi announced a collaboration in May 2024 to develop multiple high-end intelligent electric vehicles and jointly develop an intelligent digital platform [2] - SAIC and Volkswagen renewed their joint venture agreement in November 2024, focusing on the development of over ten new models including pure electric and plug-in hybrid vehicles [2] - These partnerships mark a new era of "technology co-creation" in the Chinese automotive industry, moving from "technology introduction" to mutual respect and win-win cooperation [2] Production and Delivery - In December 2024, SAIC's wholesale vehicle sales reached 483,000 units, with terminal deliveries at 506,000 units, marking six consecutive months of growth [3] - Annual wholesale sales for 2024 totaled 4.013 million units, with terminal deliveries reaching 4.639 million units [3] - The company focused on self-owned brand construction and technological advancement, with self-owned brands accounting for 60% of total sales [3] Technological Innovation - SAIC invested nearly 150 billion yuan in R&D for intelligent and electric core technologies over the past decade, accumulating over 26,000 valid patents [4] - The company launched the "Seven Technology Foundations" 2.0 in 2024, including solid-state batteries, digital smart chassis, and advanced intelligent driving systems [4] - These innovations are accelerating the deployment of cutting-edge technologies across both self-owned and joint venture brands [4] Future Plans - In 2025, SAIC aims to accelerate the transformation and upgrading of its business, focusing on the implementation of advanced technologies such as solid-state batteries and intelligent driving solutions [5] - The company is committed to achieving a sales rebound and stabilizing its operations [5]