SAIC MOTOR(SH:600104) 电动车公社·2025-10-09 15:59Core Viewpoint - SAIC Motor Corporation achieved significant growth in September, with nearly 190,000 units of new energy vehicles sold, reaffirming its position as the industry leader in sales volume [2][4]. Group 1: SAIC Motor Corporation Performance - In September, SAIC Motor's total vehicle sales reached 440,000 units, regaining the top position in the industry [2]. - The sales of SAIC's self-owned brands amounted to 294,000 units, while new energy vehicles contributed nearly 190,000 units to the total [2]. - Cumulatively, from January to September, SAIC sold 3.193 million vehicles, marking a year-on-year increase of 20.5% [4]. Group 2: Competitor Analysis - Mercedes-Benz reported global passenger car sales of 441,500 units in Q3, a year-on-year decline of 12%, with sales in China dropping by 9% [8][9]. - BMW Group's global sales reached 588,300 units in Q3, reflecting an 8.8% year-on-year increase, although sales in China saw a slight decline of 0.4% [10][12]. - Tesla launched the Model 3/Y Standard with starting prices of $36,990 and $39,990, respectively, aiming to boost sales despite a modest price reduction [14][21]. Group 3: Market Trends and Insights - The competitive landscape in the domestic automotive market remains intense, particularly affecting BMW, which has seen a decline in its Chinese market performance [13]. - SAIC's brands, including Wuling, MG, and Roewe, are experiencing substantial growth, indicating a strong internal momentum [6]. - The introduction of advanced electric models by competitors like Mercedes-Benz aims to regain market share in the evolving electric vehicle segment [9].