销量连涨，利润稳增，看上汽集团如何绘制增长新曲线

Core Insights - SAIC Group demonstrates the evolution of the Chinese automotive industry with impressive sales figures and innovative breakthroughs in the context of global automotive transformation towards intelligence and low carbonization [1][2][4] Sales Performance - In the first four months, SAIC Group achieved a total vehicle sales of 1.321 million units, a year-on-year increase of 10.7%, with total revenue reaching 140.86 billion yuan and net profit of 3.02 billion yuan, up 11.4% [2] - The sales of self-owned brands reached 601,000 units in Q1, accounting for 63.6% of total sales, while cumulative sales of new energy vehicles reached 273,000 units, marking a nearly 30% year-on-year growth [4] Brand Performance - The Roewe brand saw a retail growth of 19% in April, with its DMH hybrid series experiencing a significant increase in sales by 110.2% [5] - The IM L6 delivered 4,366 units in April, reflecting a 55% year-on-year growth [5] - SAIC-GM-Wuling's sales reached 126,455 units in April, up 22%, with new energy vehicle sales increasing by 83.2% [6] Technological Advancements - SAIC Group is focusing on a dual-engine strategy of "technical deep-water zone breakthroughs + scenario-based innovation" to build differentiated product competitiveness [7] - The company has made significant R&D investments, leading to breakthroughs in solid-state battery technology and the mass production of 800V silicon carbide electric drive systems, establishing a technological moat [12] Global Strategy - SAIC Group launched its overseas strategy 3.0, termed "Glocal Strategy," aimed at leveraging market advantages and optimizing global resource allocation [13] - The company has established a comprehensive automotive industry chain that includes R&D, marketing, logistics, and manufacturing across over 100 countries and regions [15] - The synergy of localized deep cultivation and global resource integration is enhancing SAIC's overseas business and paving a sustainable internationalization path [17]