SAIC MOTOR(SH:600104) Guan Cha Zhe Wang·2026-02-25 08:39Core Insights - SAIC MG has delivered its one millionth vehicle in Europe, becoming the first Chinese automotive brand to reach this milestone [1][3] - In the past five years, MG's sales in Europe exceeded 300,000 units, marking a 30% year-on-year growth; electric vehicle sales reached 139,000 units [1][3] Group 1 - MG's rise in Europe is attributed to its British brand heritage and the ability to offer affordable electric vehicles to local consumers [3] - As of now, MG has delivered 317,000 pure electric vehicles in Europe, led by the MG4 EV, and has recently launched the 2026 MG4 EV and MG4 EV Urban [3] - MG has introduced performance-oriented electric vehicles in Europe, such as the MG Cyberster convertible sports car, which played a significant role at the 2024 Goodwood Festival of Speed [3] Group 2 - MG plans to release key information regarding new vehicle technology and design in the first half of 2026, reaffirming its commitment to European customers [3]