Group 1 - SAIC Group's wholesale sales achieved a year-on-year increase for four consecutive months, with April sales at 376,500 units, up 4.6% year-on-year but down 2.4% month-on-month; total sales from January to April reached 1.3214 million units, a 10.7% increase year-on-year [1] - SAIC Passenger Vehicles reported April wholesale sales of 67,900 units, a 7.3% year-on-year increase and a 0.1% month-on-month increase; cumulative sales from January to April were 231,700 units, up 2.6% year-on-year [2] - SAIC-GM-Wuling's April wholesale sales were 151,000 units, a 22.8% year-on-year increase and a 2.0% month-on-month increase; cumulative sales from January to April reached 504,000 units, a 45.2% increase year-on-year [2] Group 2 - The company's April sales of new energy vehicles reached 128,100 units, a 71.7% year-on-year increase and a 1.9% month-on-month increase; cumulative sales from January to April were 401,100 units, up 40.9% year-on-year [2] - SAIC's overseas and export sales in April were 86,700 units, down 5.9% year-on-year; cumulative overseas and export sales from January to April were 305,700 units, down 4.1% year-on-year [2] - The company launched significant strategies during the Shanghai Auto Show, including the new brand "SAIC Shangjie" in collaboration with Huawei, and showcased several new models expected to boost sales and profitability [2] Group 3 - Sales of joint venture brands faced slight pressure, with SAIC Volkswagen's April sales at 82,500 units, down 10.3% year-on-year and 8.3% month-on-month; cumulative sales from January to April were 310,700 units, down 8.6% year-on-year [3] - SAIC GM's April sales were 42,100 units, down 15.3% year-on-year and 4.0% month-on-month; cumulative sales from January to April were 151,100 units, down 6.3% year-on-year [3] - Several key new models were unveiled at the Shanghai Auto Show, including the new energy MPV Buick GL8 and various electric vehicles, which are expected to drive a recovery in joint venture brand sales [3]

Core Viewpoint - The Chinese market for Plug-in Hybrid Vehicles (PHV) is experiencing rapid growth, outpacing Electric Vehicles (EV) due to longer driving ranges and increasing competition among major automotive manufacturers [1][4][7]. Group 1: Market Trends - Major automotive manufacturers in China are accelerating their deployment of PHVs, with brands like Zeekr and Xpeng set to launch their first PHV models [1][4]. - The demand for PHVs is driven by their ability to offer longer ranges compared to EVs, making them increasingly popular among consumers [1][6]. - In 2024, PHV sales in China are projected to reach 5.14 million units, an 83% increase from 2023, while EV sales are expected to grow by only 15% to 7.71 million units [7]. Group 2: Product Launches - Zeekr's PHV model "9X" is scheduled for launch between July and September, featuring a range of 380 kilometers in electric mode and extended range with the engine [4][5]. - BYD plans to introduce two new PHV models in its "Ocean" series, priced around 100,000 yuan [5]. - Guangzhou Automobile Group is focusing on battery performance for its upcoming PHV, utilizing CATL's latest "Xiaoyao Battery" which can charge from 30% to 80% in 15 minutes [5]. Group 3: Competitive Landscape - Volkswagen has unveiled its first EREV concept car "ID.ERA," which can travel 300 kilometers in electric mode and up to 1000 kilometers with the engine [6]. - Mazda is set to launch its new SUV "EZ-60" by 2025, expanding its offerings in the PHV segment [6]. - Xpeng is also entering the EREV market, with plans to launch a model by late 2025 to meet the growing demand for PHVs [6]. Group 4: Export Opportunities - PHV exports from China are expected to triple in 2024, reaching 290,000 units, while EV exports are projected to decline by 10% [7]. - As the Chinese automotive market becomes saturated, domestic EV manufacturers are increasingly targeting European and Southeast Asian markets, positioning themselves as strong competitors against established brands [7].

今年上海车展上，上汽集团携旗下智己汽车、上汽乘用车、上汽大通、上汽大众、上汽通用汽车、上汽通用五菱六家整车企业十个品牌的上百辆新车亮相， 总展示面积近2万平方米。 自主业务OEM化发布Glocal战略 "智能电动车的高速发展让中国汽车走出了一条特别的道路，也给车企们带来了很多机会。"日前，上汽集团总裁贾健旭在2025年上海车展上表示。 贾健旭透露，在不久前的上汽之夜上，上汽集团已经对外展示了战略的方向和技术的积累，并表示会以三套"拳法"打造"百年老店"。在此次上海车展上，上 汽集团将进一步向外展示其具体的产品战略和市场打法。 "智己汽车是上汽品牌向上的践行者，行业时尚前沿黑科技，智己品牌都会先行先试。"贾健旭透露，2025年发布全栈自研的"线控底盘"将会在智己汽车产品 上落地，未来涵盖增程等新路线的智己产品也将会陆续发布。 在大乘用车业务之上，下一代的新品成为关注点。全球汽车设计大师约瑟夫・卡班加盟上汽设计中心后为荣威品牌操刀的首款概念车，荣威"明珠"概念车在 本次车展上全球首发。MG品牌在本次车展亮相了MG首款方盒子Cyber X、Cyberster 2026款等车型。未来2年，MG将陆续投放8款全新车型。 ...