SAIC MOTOR(SH:600104) Ju Chao Zi Xun·2025-12-02 14:23Core Insights - SAIC Motor Corporation reported a slight year-on-year decline in vehicle production and sales for November, but both cumulative production and sales for the year have achieved double-digit growth, driven primarily by the performance of new energy vehicles, SAIC Maxus, and Zhiji Auto [2] Production and Sales Data - In November, SAIC Motor's total vehicle production was 463,300 units, a decrease of 4.84% from 486,854 units in the same month last year; cumulative production for the year reached 4,222,198 units, up 18.84% from 3,552,698 units [2][3] - Total vehicle sales in November were 460,818 units, down 3.75% from 478,767 units year-on-year; cumulative sales for the year reached 4,108,067 units, an increase of 16.38% from 3,529,993 units, marking a steady growth trend [2][3] Segment Performance - New energy vehicles produced 207,168 units in November, a year-on-year increase of 23.85%; cumulative production for the year was 1,547,412 units, up 40.99% from 1,097,512 units [6] - In November, SAIC Maxus achieved a production increase of 62.15% to 24,642 units, with cumulative production of 203,919 units, up 22.27% [5] - Zhiji Auto saw a remarkable production increase of 104.92% in November, producing 16,324 units, with cumulative production of 72,424 units, up 19.01% [6] Overseas Performance - In November, SAIC's overseas sales reached 107,210 units, a 13.87% increase from 94,153 units year-on-year; cumulative overseas sales for the year were 969,397 units, up 3.40% from 937,493 units [7]