SAIC MOTOR(SH:600104) Zhong Guo Qi Che Bao Wang·2026-01-04 07:36Core Viewpoint - SAIC Motor Corporation has achieved significant growth in 2025, focusing on deepening reforms, enhancing independent brand development, and advancing smart electric technology, resulting in a total vehicle sales of 4.507 million units, a year-on-year increase of 12.3% [1] Group 1: Sales Performance - In 2025, SAIC's total vehicle sales reached 4.507 million units, with retail sales hitting 4.67 million units, maintaining its leading position in the domestic industry [1] - Sales of SAIC's independent brands (including Roewe, MG, Zhiji, Maxus, Wuling, and Baojun) amounted to 2.928 million units, a year-on-year increase of 21.6%, accounting for 65% of the group's total sales, up 5 percentage points from 2024 [4] Group 2: Product Innovation - SAIC's joint venture brands are also undergoing transformation, with the Buick brand launching a new high-end electric sub-brand "Zhijing" and the first mass-produced model from the new Audi brand, the E5 Sportback, successfully launched [6] - The company is accelerating the production of advanced technologies such as solid-state batteries, digital chassis, and DMH super hybrid systems, enhancing user experience with safer and more convenient travel options [7][9] Group 3: Strategic Collaborations - SAIC is committed to a "co-creation and win-win" strategy, collaborating with partners like Huawei, OPPO, and Momenta to develop a new intelligent travel ecosystem [10] - The launch of the new brand "SAIC Shangjie" in partnership with Huawei focuses on high-quality, durable vehicles, with the first product, Shangjie H5, achieving over 10,000 units in monthly sales [13] Group 4: International Expansion - In 2025, SAIC's overseas sales reached 1.071 million units, a year-on-year increase of 3.1%, with significant growth in Europe, India, and Thailand [14] - The company has established a robust overseas market presence, with sales exceeding 600 million units across over 170 countries and regions [16]