中国经济网1月22日讯(记者 姜智文) 昨日，"汽势家年华暨2025-2026中国汽车创新盛典"在北京启 幕。活动由汽势Auto-First全媒体平台主办，并获得了中国贸促会汽车行业分会、中国汽车工业协会、 中国汽车流通协会、中国电动汽车百人会等行业机构指导。 2025年，中国汽车销量突破3400万辆，新能源汽车渗透率逼近50%，中国品牌主导权持续强化。在 这历史性产业节点上，汽势Auto-First总编辑周光军指出，2026年—2027年将是行业的"决战之年"，头 部车企规模优势凸显，竞争进入深水区。"无论能源形式如何演变，智能化已成为不可逆转的绝对核 心。未来的产品，必须是持续进化、软件定义的智能移动终端。" 基于对产业深刻变革的洞察，本届汽势家年华的奖项评选体系科学而多元，完成了一次 从"车"到"人"、从"前台"到"幕后"的完整呈现。 本届盛典的高光时刻，无疑属于高端与豪华细分市场。领克900凭借颠覆性的设计语言与科技集 成，荣膺"年度豪华SUV"；极氪9X获"年度旗舰SUV"，进一步印证了中国高端纯电品牌在顶级细分市场 已建立起强大的认知与口碑。吉利银河品牌获颁"年度品牌"，在过去一年中，银河品牌以1 ...

市场积极信号：信心回归与价值重估 岁末年初，中国汽车产业在存量竞争与结构升级的交织中交出转型答卷。 上汽集团作为行业领军者，以一组亮眼的经营数据勾勒出高质量发展的清晰轨迹。 2025年全年，上汽销售整车450.7万辆，同比增长12.3%；终端零售达467万辆，稳居行业前列；其中新能源汽车销量164.3万辆，同比大增33.1%；海外销 量107.1万辆，同比增长3.1%。 销量增长直接带动了盈利能力的提升。 业绩预告显示，2025年上汽集团预计实现归母净利90—110亿元，同比激增438%—558%，扣非净利70—82亿元，同比增长229%—251%。 这份量利齐升的成绩单，不仅印证了上汽全面深化改革的显著成效，更成为中国汽车产业破解"内卷"、聚焦价值创造的标杆样本。 经营业绩的大幅提升正在形成良性互动，推动上汽步入正向循环，为其持续深化转型、加大技术投入提供了坚实的支撑。 战略革新：从规模扩张到价值创造的顶层重构 上汽的转型突破，源于一场触及根本的战略革新。 面对汽车产业电动化、智能化的时代浪潮，其果断摒弃规模导向的传统路径，确立了"从规模扩张到价值创造"的顶层设计，通过全链路改革释放结构性红 利。 全面深化 ...

对于本次业绩大幅变动，上汽集团表示主要受主营业务和非经营性损益两方面影响。在主营业务层面，公司2025年实现整车批发销 量450.75万辆，同比增长12.32%；同时，2024年合营企业上汽通用汽车有限公司及其控股子公司计提相关资产减值准备，减少了当 年归属于母公司所有者的净利润78.74亿元，这一因素也使得2025年业绩同比增幅更为显著。在非经营性损益方面，公司于2024年完 成JSW MG Motor India Private Limited股权转让及增资扩股，增加了当年归属于母公司所有者的净利润51.78亿元。 从具体经营数据来看，上汽集团2025年全年实现整车销售450.7万辆，同比增长12.3%，其中终端零售销量达467万辆，继续保持国 内行业领先地位。核心业务板块中，自主品牌表现尤为突出，全年销量达292.8万辆，同比增长21.6%，成为拉动集团增长的核心动 力。产品布局持续升级，4月别克品牌推出高端新能源子品牌"至境"及全新"逍遥"超级融合架构，9月上汽奥迪首款量产车型E5 Sportback成功上市，进一步丰富了高端产品矩阵。 1月16日，上汽集团发布2025年度业绩预告，预计全年归属于母公 ...

Core Insights - In 2025, SAIC Motor Corporation achieved significant growth, selling 4.507 million vehicles, a 12.3% increase year-on-year, and maintaining its position as the leading player in the domestic automotive industry [1][28] - A notable internal transformation occurred, with sales of self-owned brands reaching 2.928 million units, a substantial 21.6% increase, marking a historic high of 65% in total sales share [3][28] - The company's strategic focus on self-owned brand development and technological breakthroughs in smart electric vehicles is validated by market performance, indicating a successful transition from joint ventures to self-owned brands [5][30] Market Recognition - SAIC Motor's return to the SSE 50 Index in 2025 signifies a re-evaluation of its growth logic and intrinsic value by the capital market, reflecting a shift in focus from traditional manufacturing scale to sustainable high-quality development potential [6][30] - The return to the SSE 50 is seen as a "trust ticket" for future expectations, confirming that SAIC has successfully navigated its transformation [6][30] User Engagement and Product Innovation - The company is set to welcome its 100 millionth user in 2026, marking a significant milestone in its user-centric approach [7][31] - SAIC showcased a "cluster of blockbuster" products in 2025, demonstrating its capability to create star products across various market segments [7][31] Brand Highlights - The launch of the new generation of Zhiji LS6, featuring the "Star Super Range System" with a class-leading range of 1508 km, exemplifies SAIC's ability to establish a high-end intelligent electric brand [8][34] - The MG4, launched in August 2025, achieved over 10,000 deliveries for four consecutive months, driven by innovative technologies and a strong marketing strategy [11][35] - The Roewe M7 DMH, equipped with the latest DMH 6.0 hybrid system, addresses key consumer pain points with impressive range and fuel efficiency, solidifying its reputation as the "King of Family Cars" [14][38] - The launch of the SAIC Shangjie H5, developed in collaboration with Huawei, showcases a successful integration of smart travel solutions and manufacturing quality [17][41] Systematic Support for Innovation - SAIC's ability to produce multiple successful brands simultaneously is attributed to a robust systemic support structure that facilitates the "batch incubation of blockbusters" [20][44] - The company's comprehensive reform strategy aims to integrate management across passenger and commercial vehicle sectors, enhancing resource allocation and market responsiveness [21][45] - A focus on technology-driven and user-oriented product development has led to significant R&D investments, resulting in products with distinct technological features [23][47] Strategic Partnerships and Global Expansion - SAIC's strategic partnerships with leading tech companies like Huawei and OPPO enhance its technological capabilities and address gaps in smart vehicle features [24][48] - The company's global strategy has evolved to include localized R&D, production, and marketing, expanding its market reach and potential for blockbuster products [25][49] Future Outlook - SAIC's transformation serves as a model for upgrading traditional manufacturing in China, emphasizing strategic determination, technological resilience, ecological collaboration, and organizational vitality [26][50] - The company is positioned to lead the automotive industry towards a new phase of productivity, transitioning from scale leadership to quality leadership [26][50]

Core Viewpoint - In 2025, SAIC Motor Corporation achieved robust growth amidst a challenging automotive market, demonstrating a successful structural transformation towards smart and autonomous vehicles, serving as a reference for traditional automakers' upgrades [1][4]. Group 1: Sales Performance - In 2025, SAIC Motor's total vehicle sales reached 4.507 million units, a year-on-year increase of 12.3%, with retail sales exceeding wholesale, indicating a healthy market supply-demand structure [1]. - The company's revenue for the first three quarters was 468.99 billion yuan, with a net profit attributable to shareholders of 8.101 billion yuan, reflecting year-on-year growth of 9% and 17.3% respectively [1]. - The sales of SAIC's self-owned brands reached 2.928 million units, a 21.6% increase, with their share of total sales rising from 60% in 2024 to 65% in 2025 [2]. Group 2: Brand and Product Development - The growth of self-owned brands was driven by a collaborative effort across the brand matrix, with SAIC's Roewe and MG brands seeing domestic sales increase by 245.3% [2]. - MG brand's sales in Europe reached 300,000 units, a nearly 30% increase, maintaining its position as the top-selling Chinese automotive brand in Europe for 11 consecutive years [2]. - The high-end brand, Zhiji Auto, achieved sales of 81,000 units, a 23.68% increase, with its LS6 model quickly gaining popularity [2]. Group 3: Joint Venture Transformation - SAIC Volkswagen's terminal sales reached 1.06 million units, with a month-on-month increase of 10.9% in December 2025, and electric models accounting for 15% of total sales [3]. - Despite a 16.5% decline in annual sales for SAIC General Motors, the company maintained profitability for five consecutive quarters through product structure optimization [3]. Group 4: International Expansion - SAIC's overseas sales reached 1.071 million units, a 3.1% increase, with self-owned brands accounting for 75% of this figure, highlighting the strategic value of localized operations [3]. - The company’s factories in Thailand and Indonesia are steadily releasing a combined capacity of 500,000 units per year, while the Mexican factory is strategically entering the North American market [3]. Group 5: Technological Innovation - SAIC's growth is attributed to long-term investments in R&D, with over 150 billion yuan invested in electric and intelligent technology, resulting in nearly 26,000 effective patents [4]. - The MG4 semi-solid battery version achieved over 75,000 orders, while the Zhiji LS9 set a new record for range with 1,508 kilometers [4]. - The company has established a complete technical system covering three vehicle platforms and seven technology bases, enhancing its competitive edge [4]. Group 6: Systemic Transformation - SAIC has restructured its passenger vehicle segment to break down barriers between various business units, improving market responsiveness [5]. - The company is focusing on strengthening its self-owned brand base, expanding globally, and building core technological barriers [5]. - Future prospects include the mass production of solid-state batteries and advanced autonomous driving technologies, which are expected to enhance SAIC's global industry influence [5].

Core Insights - In 2025, SAIC Motor Corporation achieved a total vehicle sales of 4.507 million units, representing a year-on-year growth of 12.3%, with a healthy market supply-demand structure [1] - The company's revenue for the first three quarters reached 468.99 billion yuan, and net profit attributable to shareholders was 8.101 billion yuan, reflecting year-on-year increases of 9% and 17.3% respectively [1] - The shift towards self-owned brands is evident, with self-owned brand sales reaching 2.928 million units, a 21.6% increase, and their share of total sales rising from 60% in 2024 to 65% in 2025 [1][2] Business Structure and Performance - The growth of self-owned brands is driven by a collaborative effort across the entire brand matrix, with significant increases in sales for the Roewe and MG brands, which saw domestic sales rise by 245.3% [2] - The high-end brand, Zhiji Auto, achieved sales of 81,000 units, a growth of 23.68%, with the LS6 model becoming a representative product in the 200,000 yuan intelligent SUV market [2] - SAIC-GM-Wuling maintained a solid market presence with sales of 1.635 million units, and its new energy vehicles surpassed 1 million units for the first time [2] Overseas Market Expansion - In 2025, SAIC's overseas sales reached 1.071 million units, a year-on-year increase of 3.1%, with self-owned brands accounting for 75% of this figure [3] - The company has established a comprehensive strategy of "local R&D + local production + local operation," with factories in Thailand and Indonesia steadily releasing a combined capacity of 500,000 units per year [3] Technological and Systematic Transformation - The growth in key metrics is attributed to long-term investments in R&D, with over 150 billion yuan invested in electric and intelligent technology, resulting in nearly 26,000 effective patents [3][4] - The MG4 semi-solid state version has achieved over 75,000 orders, while the Zhiji LS9 boasts a record range of 1,508 kilometers [4] - The company has enhanced its core component capabilities through strategic investments exceeding 18 billion yuan, focusing on critical supply chain segments [4] Systemic Changes and Future Outlook - SAIC has restructured its passenger vehicle segment to enhance market responsiveness, leading to successful launches of new models [5][6] - The company aims to strengthen its domestic market base, expand globally, and build core competitive advantages through ongoing technological advancements and local production capacity [6]

Core Insights - SAIC Motor Corporation's 2025 operational results show a total vehicle sales of 4.507 million units, a year-on-year increase of 12.3%, with retail sales reaching 4.67 million units, maintaining industry leadership in China [1][5] - The company's sales of self-owned brands exceeded 2.928 million units, marking a significant year-on-year growth of 21.6%, while new energy vehicle sales reached 1.643 million units, a record high with a growth rate of 33.1% [1][5] Group 1: Innovation and Technology - Innovation is identified as the core engine for industrial transformation and a fundamental strength for companies to navigate through cycles [6] - The shift in the Chinese automotive market from price competition to value competition emphasizes the importance of mastering core technologies for development [6] - SAIC's growth is attributed to its commitment to technological innovation and continuous investment, exemplified by the successful launch of the MG4 semi-solid state battery and the DMH 6.0 hybrid system [10] Group 2: Ecosystem Collaboration - Ecosystem collaboration is deemed essential for modern industrial development and a key pathway to activate innovation [11] - SAIC's strategy of "equal rights-driven advancement, co-creating a better travel experience" fosters a diverse collaborative industrial ecosystem, enhancing high-quality development [11] - Collaborations with companies like Huawei and OPPO have led to innovative products that enhance user experience and facilitate rapid application of cutting-edge technologies [13] Group 3: Global Expansion - Globalization is crucial for expanding development space and signifies the Chinese automotive industry's entry into the global market [18] - SAIC's overseas sales reached 1.071 million units in 2025, reflecting a year-on-year growth of 3.1%, with cumulative sales surpassing 6 million units [20] - The company's Glocal strategy aims to deepen international market penetration, transitioning from product export to value chain upgrades, showcasing the global competitiveness of Chinese automotive brands [20]

Core Insights - In 2025, SAIC Motor Corporation achieved significant growth, with total vehicle sales reaching 4.507 million units, a year-on-year increase of 12.3%, and retail sales hitting 4.67 million units, maintaining its leading position in the domestic market [2][3]. Group 1: Business Performance - The growth in sales was driven by the collaboration across multiple business segments, including independent brands, joint ventures, and overseas markets, leading to double-digit sales growth [3]. - The independent brand segment saw sales of 2.928 million units, a 21.6% increase, accounting for 65% of total sales, up 5 percentage points from 2024 [4][5]. - The joint venture segment is undergoing transformation, with new high-end electric vehicle brands launched, such as Buick's "至境" and Audi's E5 Sportback, enhancing product offerings [5]. Group 2: Overseas Expansion - SAIC Motor launched its overseas strategy 3.0, focusing on a "Glocal" approach, which emphasizes local ecosystem development and global brand presence, resulting in overseas sales of 1.071 million units, a 3.1% increase [6]. - In Europe, MG sales exceeded 300,000 units, marking a nearly 30% increase, while in India and Thailand, sales also saw significant growth [6]. Group 3: Technological Innovation - The company is committed to innovation, launching over 20 competitive new products and collaborating with tech partners like Huawei and OPPO to enhance smart mobility solutions [7][9]. - In 2025, sales of new energy vehicles reached 1.643 million units, a record high with a 33.1% increase, positioning the company among industry leaders [7][8]. Group 4: Strategic Vision - Looking ahead to 2026, SAIC Motor aims to deepen reforms, focusing on smart and electric vehicle development, and enhancing core competitiveness while building a global, efficient industrial ecosystem [10]. - The company emphasizes user-centric development, aiming to integrate user feedback into all processes from R&D to service, and plans to welcome its 100 millionth user in 2026 [10].

Core Viewpoint - SAIC Motor Corporation aims to deepen reforms and focus on independent brand development and smart electric technology breakthroughs, achieving a total vehicle sales of 4.507 million units in 2025, 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 industry leadership in China [1] - Sales of SAIC's independent brands (including Roewe, MG, Zhiji, Maxus, Wuling, and Baojun) reached 2.928 million units, a year-on-year increase of 21.6%, accounting for 65% of total sales, up 5 percentage points from 2024 [1] Group 2: Innovation and Technology - SAIC is accelerating the mass production of leading smart electric technologies, including solid-state batteries, digital chassis, DMH super hybrid, and "end-to-end" intelligent driving models [1] - In 2025, SAIC's new energy vehicle sales reached 1.643 million units, a record high with a year-on-year growth of 33.1% [1] Group 3: Product Development - The MG4 semi-solid battery model has started delivery, with safety performance improved by over 20% compared to industry standards [2] - The Roewe M7 DMH, equipped with the DMH 6.0 super hybrid system, achieves a pure electric range of 160 km and a comprehensive range of 2050 km with energy consumption as low as 2L [2] - The Zhiji LS9, featuring the Star Super Range Extender, offers a class-leading comprehensive range of 1508 km, addressing key user concerns [2] Group 4: Strategic Partnerships - SAIC is enhancing collaboration with partners like Huawei, Momenta, Horizon, OPPO, and Doubao to create a new ecosystem for smart mobility [2] Group 5: International Expansion - In 2025, SAIC launched its overseas strategy 3.0, focusing on a "Glocal" approach, achieving overseas sales of 1.071 million units, a year-on-year increase of 3.1% [3] - In Europe, SAIC MG sales exceeded 300,000 units, a nearly 30% increase, while in India, sales reached 70,000 units, up 17.8% [3] - SAIC's overseas market presence includes one region with sales of 300,000 units (Europe) and five regions with sales of 50,000 units each (Americas, Middle East, Oceania, ASEAN, South Asia) [3] Group 6: Future Outlook - In 2026, SAIC plans to further deepen reforms, focusing on smart and electric vehicle development, and aims to establish a new high-quality development pattern [4]

Core Insights - SAIC Motor Corporation is focusing on sales recovery while strengthening its foundation for sustainable development through independent brand building and breakthroughs in intelligent electric technology [1] Group 1: Sales Performance - In 2025, SAIC Motor sold 4.507 million vehicles, a year-on-year increase of 12.3%, with terminal retail sales reaching 4.67 million, indicating a noticeable recovery trend [1] - The sales of SAIC's independent brands (including Roewe, MG, Zhiji, Maxus, Wuling, and Baojun) reached 2.928 million units, up 21.6% year-on-year, accounting for 65% of the total sales, an increase of 5 percentage points from 2024 [4] Group 2: Product Innovation - SAIC launched several innovative products in 2025, including the new MG4 semi-solid state version, which has improved safety performance by over 20% compared to industry standards [5] - The Roewe M7 DMH, equipped with the DMH 6.0 super hybrid system, achieves a pure electric range of 160 km and a comprehensive range of 2050 km with low energy consumption of 2L [5] - The Zhiji LS9, featuring a stellar super range extender, boasts a comprehensive range of 1508 km, addressing key user concerns regarding range anxiety and charging difficulties [5] Group 3: Strategic Partnerships - In 2025, SAIC launched the new brand "SAIC Shangjie" in collaboration with Huawei, focusing on durable, safe, and reliable vehicles, with the first product, Shangjie H5, achieving monthly sales exceeding 10,000 units [6] - The company partnered with OPPO to create a new generation of smart cockpit with seamless integration of digital life into the vehicle [6] - Collaboration with Doubao introduced an AI vehicle machine with advanced interaction capabilities, enhancing user experience [6] Group 4: International Expansion - SAIC's overseas strategy 3.0, termed "Glocal," aims to build localized ecosystems and global automotive brands, transitioning from "product export" to "value chain export" [7] - In 2025, overseas sales reached 1.071 million units, a year-on-year increase of 3.1%, with significant growth in Europe, India, and Thailand [7] - The company has established a market presence in over 170 countries and regions, with cumulative overseas sales exceeding 6 million units [7]