2025年上汽集团销售450.7万辆，同比增长12.3%

Core Viewpoint - SAIC Motor Corporation Limited (600104) reported a stable recovery in its operations, projecting a total vehicle sales of 4.507 million units for the year 2025, representing a year-on-year growth of 12.3% [1] Group 1: Sales Performance - The total retail sales are expected to reach 4.67 million units, indicating a positive trend in the market [1] - The sales of self-owned brands, including Roewe, MG, Zhiji, Maxus, Wuling, and Baojun, reached 2.928 million units, marking a year-on-year increase of 21.6% and accounting for 65% of the total sales [1] Group 2: New Energy Vehicles - The sales of new energy vehicles (NEVs) are projected to be 1.643 million units, reflecting a year-on-year growth of 33.1%, positioning the company among the leaders in the industry [1] Group 3: International Market - In the overseas market, SAIC anticipates sales of 1.071 million units, which is a 3.1% increase year-on-year [1] - The MG brand has achieved sales of over 300,000 units in Europe, maintaining a significant presence for Chinese brands in the local mainstream market [1] - The company plans to enhance its "global + local" overseas strategy, transitioning from merely exporting products to exporting value chains [1]