SAIC MOTOR(SH:600104) Nan Fang Du Shi Bao·2025-08-20 04:40Core Insights - SAIC Motor Corporation reported a total vehicle sales of 338,000 units in July, marking a year-on-year increase of 34.2% and achieving seven consecutive months of sales growth [1][3] - The company ranked 138th on the 2025 Fortune Global 500 list with a revenue of $87.2239 billion for the fiscal year 2024, marking its 21st entry into the list [1] Sales Performance - In the first seven months of the year, SAIC sold a total of 2.39 million vehicles, a year-on-year increase of 15% [3] - The sales of SAIC's self-owned brands reached 214,000 units in July, up 39.4% year-on-year, contributing to 63.5% of total sales [3] - The sales of SAIC's passenger vehicles in July were 60,000 units, a 19.2% increase, while the domestic market saw a significant rise of 152.9% [3] New Energy Vehicles - In July, SAIC sold 117,000 new energy vehicles, representing a year-on-year growth of 64.9%, with a cumulative sales of 764,000 units in the first seven months, up 43.5% [5] - The sales of new energy vehicles from SAIC's various brands, including Zhiji and SAIC-GM, also showed significant growth, with some brands doubling their sales [5] International Market Expansion - SAIC's MG brand achieved nearly 180,000 units in terminal deliveries in Europe in the first seven months, reflecting double-digit growth [6] - The company has established a comprehensive automotive industry chain overseas, integrating R&D, marketing, logistics, and manufacturing, and has products sold in over 170 countries [6] Technological Advancements - SAIC is leading in technological innovations, having achieved mass production of solid-state batteries and advanced vehicle control platforms [8][9] - The company is focusing on integrating its chassis R&D and manufacturing capabilities to develop advanced steer-by-wire technology [9] Strategic Collaborations - SAIC continues to deepen collaborations with partners like Volkswagen and is actively expanding partnerships with leading companies such as Huawei and CATL [11] - The launch of the H5 model in collaboration with Huawei is expected to reshape the market dynamics in the compact hybrid SUV segment [11] Market Positioning - The automotive industry is shifting from price competition to a focus on quality, with SAIC's systematic reforms contributing to its sales growth [13]