SAIC MOTOR(SH:600104) Xin Lang Cai Jing·2026-01-04 11:30Core Insights - The core objective of SAIC Yujin is to achieve a sales target of 50,000 units in 2026, with a challenge to reach 56,000 units, while establishing itself as the leading electric card smart ecosystem in China [1][12]. 2025 Performance - In 2025, SAIC Yujin's total sales reached 40,000 units, marking a significant year-on-year increase of 127%, with market share rising from 2.0% to 4.0% [2][12]. - The company's new energy vehicle (NEV) business emerged as a key growth driver, delivering 21,000 units, a staggering year-on-year increase of 201%, and accounting for 53% of total sales [4][14]. Market Strategy and Product Development - The company plans to implement a dual-track strategy focusing on both new energy and traditional energy products, with 32 development projects planned, 24 of which are set to launch in 2026 [7][16]. - Specific product launches include the DANA T1/T2/T3 series, which will feature high-capacity battery options, and the introduction of LNG-powered products and CNG light trucks [16][20]. Overseas Expansion - SAIC Yujin aims to adopt a differentiated strategy in overseas markets, leveraging its group resources to penetrate regions such as Europe, Latin America, Southeast Asia, and the Middle East [9][18]. Ecosystem and Collaboration - The company emphasizes the importance of deepening partnerships, particularly with CATL, to enhance battery swapping networks and share resources across the entire value chain [11][20]. - Initiatives include the establishment of a new energy increment award and enhanced support for partners to foster collaborative growth [9][18].