上汽集团7月销量同比大增34.2%，新能源车与自主品牌成增长主力

Core Insights - Shanghai Automotive Group Co., Ltd. reported a total vehicle sales of 338,000 units in July, marking a year-on-year increase of 34.2%, achieving seven consecutive months of growth [1] - Cumulative sales from January to July reached 2.39 million units, representing a year-on-year growth of 15%, with retail deliveries totaling 2.567 million units [1] Group 1: Sales Performance - The self-owned and new energy segments have become the main growth drivers for the company [1] - In July, sales of self-owned brands reached 214,000 units, up 39.4% year-on-year, while new energy vehicle sales hit 117,000 units, a 64.9% increase [1] - From January to July, self-owned brand sales totaled 1.518 million units, accounting for 63.5% of total sales, an increase of 4.3 percentage points year-on-year [1] Group 2: Joint Venture and Overseas Market - Joint venture brands also showed signs of stabilization, with July sales increasing by 26.1% year-on-year [1] - The company anticipates that the launch of new models such as the SAIC Audi A5L Sportback and Buick "Zhijing" will usher in a "Joint Venture 2.0" phase [1] - In July, overseas sales reached 82,000 units, with the MG brand delivering nearly 180,000 units in Europe in the first seven months, achieving double-digit growth [1]