上汽集团前5月售车168.7万增10.5% 自主品牌销量占超60%成“主力军”

Core Viewpoint - SAIC Motor Corporation has shown a recovery in sales, with a 10.54% year-on-year increase in total sales for the first five months of 2025, reaching 1.6874 million vehicles [2][3]. Sales Performance - In the first five months, SAIC's sales of self-owned brands reached 1.081 million units, a year-on-year increase of 21.9%, accounting for 64% of total sales, up 6 percentage points from the same period in 2024 [5]. - The sales of new energy vehicles reached 525,600 units, reflecting a growth of approximately 43% [5]. - In May 2025, SAIC Volkswagen sold 88,700 units, a decline of 1.43%, while SAIC General Motors saw sales of 38,400 units, an increase of 22.42%, indicating a significant recovery [5][9]. Strategic Goals - SAIC has set a target of exceeding 4.5 million vehicle sales and achieving total revenue of over 674 billion yuan in 2025, with a focus on enhancing self-owned brand sales to over 2.9 million units, representing a growth of over 20% [4][5]. - The company aims to stabilize sales, market share, and profitability in its joint ventures through a "new joint venture" model [5]. International Expansion - By the end of 2024, SAIC had delivered over 5.5 million vehicles in overseas markets, maintaining its position as the leading Chinese car exporter for eight consecutive years [6]. - In the first five months of 2025, overseas sales reached 403,500 units, a slight decline of 0.78% [7]. Collaboration with Huawei - SAIC has committed 6 billion yuan to collaborate with Huawei, forming a specialized team of over 5,000 personnel to enhance product development and manufacturing capabilities [9][10]. - The first model under the "Shangjie" brand, developed in partnership with Huawei, is expected to be a mid-sized SUV targeting the mainstream new energy market priced between 150,000 and 250,000 yuan [10][11].