SAIC MOTOR(SH:600104) Xin Lang Cai Jing·2025-11-02 07:49Core Insights - SAIC Motor Corporation reported a total vehicle sales of 454,000 units in October 2025, representing a year-on-year increase of 12.96% [1] - Cumulative vehicle sales from January to October 2025 reached 3.647 million units, up 19.53% compared to the same period last year [1] - New energy vehicle sales in October 2025 were 206,700 units, marking a significant year-on-year growth of 31.58% [1] - Cumulative sales of new energy vehicles from January to October 2025 totaled 1.289 million units, reflecting a 42.47% increase year-on-year [1] Sales Performance by Subsidiaries - SAIC Volkswagen's October sales were 96,500 units, down 16.27% year-on-year, with cumulative sales of 878,800 units, a decrease of 1.93% [2] - SAIC General's October sales increased by 60.44% to 57,984 units, with cumulative sales of 443,000 units, up 50.23% [2] - SAIC Motor's overall sales in October were 93,400 units, a 21.35% increase year-on-year, with cumulative sales of 686,700 units, up 24.91% [2] - SAIC-GM-Wuling's October sales reached 173,300 units, a 13.18% increase, with cumulative sales of 1.396 million units, up 37.76% [2] - SAIC Maxus's October sales were 19,700 units, up 43.97%, with cumulative sales of 179,300 units, an 18.27% increase [2] - IM Motors sold 12,500 units in October, a 36.17% increase, with cumulative sales of 56,100 units, up 6.07% [2] - SAIC ZD's October sales were 2,700 units, a 50.41% increase, with cumulative sales of 24,600 units, up 34.54% [2] - Other subsidiaries showed varied performance, with some experiencing declines in sales [2] Overall Market Trends - The overall vehicle sales for SAIC Motor in October 2025 totaled 466,300 units, an increase of 11.93% year-on-year, with cumulative sales of 3.759 million units, up 22.61% [2] - New energy vehicles accounted for a significant portion of sales, with 221,700 units sold in October, a 34.16% increase, and cumulative sales of 1.340 million units, up 44.08% [2] - Export and overseas base sales were 97,200 units in October, a decrease of 5.79%, with cumulative sales of 865,800 units, up 3.17% [2]