SAIC MOTOR(SH:600104) Zhong Guo Jin Rong Xin Xi Wang·2025-09-01 09:01Core Insights - SAIC Motor Corporation reported a significant increase in vehicle sales, with August sales reaching 363,000 units, a year-on-year growth of 41% and a month-on-month increase of 7.7% [1] - Cumulative vehicle sales from January to August reached 2.753 million units, representing a year-on-year growth of 17.9% [1] - The company has seen continuous improvement in its production and sales structure, with strong performance from its self-owned brands, new energy vehicles, and overseas markets [1] Group 1: Self-Owned Brands - In the first eight months, SAIC's self-owned brands sold 1.75 million units, a year-on-year increase of 26.3%, accounting for 63.6% of total sales, up 9.7 percentage points from the previous year [2] - August saw a remarkable 78.5% year-on-year increase in passenger vehicle sales, with SAIC-GM-Wuling selling 125,000 units, a growth of 49.1% [2] - New models such as the next-generation IM LS6 and the new MG4 have received strong pre-sale orders, indicating potential for continued sales growth [2] Group 2: New Energy Vehicles - From January to August, SAIC sold 893,000 new energy vehicles, marking a year-on-year growth of 44.4% [2] - In August, sales of new energy vehicles reached 22,000 units, a staggering increase of 208.6% year-on-year [2] - SAIC-GM sold over 10,000 new energy vehicles in August, reflecting an 87.5% year-on-year growth [2] Group 3: Overseas Market Performance - Cumulative sales in overseas markets reached 664,000 units from January to August, a year-on-year increase of 2.3% [3] - The MG brand achieved 200,000 units sold in Europe in the first eight months, a growth of 20%, making it the best-selling Chinese brand in that market [3] - Notable growth was observed in specific countries, with MG entering the top 5 in Norway and achieving a 60% increase in Spain [3]