SAIC MOTOR(SH:600104) Jie Fang Ri Bao·2025-08-31 02:24Core Viewpoint - The automotive industry in Shanghai is experiencing a strong recovery, with significant growth in both production and consumption, driven by industry optimization and corporate transformation efforts [1][2]. Group 1: Production Growth - In the first seven months of the year, Shanghai's automotive manufacturing output reached 391.12 billion yuan, nearly matching the historical high of 397.7 billion yuan [2]. - The automotive manufacturing sector accounted for 18% of Shanghai's total industrial output, making it the largest segment in manufacturing and a crucial growth engine for the city's economy [2]. - SAIC Motor's vehicle sales in July reached 338,000 units, a year-on-year increase of 34.2%, marking seven consecutive months of sales growth [2]. - The production value of automotive parts and components in Shanghai increased by 9.5% year-on-year, reaching 198.99 billion yuan in the first seven months [3]. Group 2: Consumption Market - In July, Shanghai's retail sales of automobiles reached 15.85 billion yuan, a year-on-year increase of 5.0%, marking the first positive growth this year [4]. - The growth in the automotive consumption market is attributed to favorable policies, including adjustments to new energy vehicle license policies and "trade-in" subsidy expansions [4]. - The registration of new energy passenger vehicles in Shanghai increased by 6.47% year-on-year in July, with a cumulative growth of 7.62% from January to July [4]. Group 3: New Product Launches - Many automotive companies are launching new models in August to prepare for the peak sales season in September and October, which is expected to further boost sales [7]. - SAIC launched several new models in August, including the MG4 electric vehicle and the Audi E5 Sportback, which are anticipated to drive sales growth [7]. - The collaboration between SAIC and Huawei on the new model, Shangjie H5, saw over 50,000 pre-orders within 18 hours of its launch [7]. Group 4: Future Prospects - Shanghai automotive companies are proactively expanding production capacity, with significant investments in new production bases and projects aimed at enhancing output [8]. - The establishment of new energy vehicle projects, such as the Lexus electric vehicle project, is expected to further accelerate the transformation of Shanghai's automotive industry [8]. - Shanghai is positioning itself as a hub for automotive design and innovation, with ongoing projects that will enhance its global competitiveness in the smart electric vehicle sector [8].