Group 1 - The core objective of SAIC Group for 2025 was to achieve vehicle sales exceeding 4.5 million units, which has been successfully met with a total of 4.5075 million units sold, representing a year-on-year growth of 12.32% [1][2][3] - The sales of SAIC's self-owned brands reached 2.928 million units in 2025, marking a 21.6% increase and accounting for 65% of the total sales, an increase of 5 percentage points from 2024 [1][4] - The sales of new energy vehicles (NEVs) surged to 1.6428 million units, reflecting a significant growth of 33.12%, with the brand Zhiji contributing 81,000 units sold, a 23.68% increase [1][7] Group 2 - In the overseas market, SAIC Group achieved sales of 1.071 million units, a 3.1% increase, maintaining a leading position in the industry [1][8] - The company launched its overseas strategy 3.0, termed "Glocal," focusing on a combination of global and local strategies to enhance its localized ecosystem and global automotive brand presence [1][8] - SAIC's various subsidiaries reported significant sales growth, with SAIC General's sales reaching 535,000 units (up 22.99%), SAIC Passenger Cars at 886,700 units (up 25.42%), and SAIC-GM Wuling at 1.6151 million units (up 20.52%) [3][4]

Core Viewpoint - SAIC Motor Corporation is expected to rebound in sales after a low point in 2024, with a target of exceeding 4.5 million vehicle sales in 2025, supported by strong performance in its self-owned and new energy vehicle segments [2][10][11]. Sales Performance - In the first seven months of 2025, SAIC Motor achieved cumulative vehicle sales of 2.39 million units, a year-on-year increase of 15% [4][10]. - The company's self-owned brand sales reached 1.518 million units, up 23.3% year-on-year, accounting for 63.5% of total sales, an increase of 4.3 percentage points from the previous year [4][5]. - New energy vehicle sales for the first seven months totaled 764,000 units, reflecting a growth of 43.5%, outpacing the overall market growth [5][10]. Monthly Sales Trends - In July 2025, SAIC sold 338,000 vehicles, marking a 34.2% increase year-on-year, achieving seven consecutive months of year-on-year sales growth [4][10]. - Self-owned brand sales in July reached 214,000 units, a 39.4% increase, with significant growth in domestic market sales [4][5]. New Energy Vehicle Growth - July 2025 saw new energy vehicle sales of 117,000 units, a 64.9% increase year-on-year, with various models contributing to this growth [5][10]. - The company’s joint venture brands also experienced a rebound, with a 26.1% year-on-year increase in sales [5]. International Market Performance - SAIC Motor has established a strong presence in over 170 countries, with cumulative overseas sales exceeding 6 million units [6]. - In Europe, the MG brand achieved nearly 180,000 deliveries in the first seven months of 2025, demonstrating double-digit growth [6]. Future Product Launches - Upcoming models, including the first vehicle from the SAIC-Huawei collaboration, the Shangjie H5, are anticipated to drive further sales growth [8][9]. - The company is investing significantly in production capabilities, with a dedicated team and substantial financial resources allocated for the Shangjie brand [9]. Financial Goals - For 2025, SAIC Motor aims for total vehicle sales exceeding 4.5 million units and revenue surpassing 674 billion yuan, with a cost target around 600 billion yuan [10][11]. - The company’s sales growth target for 2025 is set at 12.14%, with a revenue increase goal of 7.39% [11].

Core Insights - Shanghai Automotive Group Co., Ltd. reported a total vehicle sales of 338,000 units in July, marking a year-on-year increase of 34.2%, achieving seven consecutive months of growth [1] - Cumulative sales from January to July reached 2.39 million units, representing a year-on-year growth of 15%, with retail deliveries totaling 2.567 million units [1] Group 1: Sales Performance - The self-owned and new energy segments have become the main growth drivers for the company [1] - In July, sales of self-owned brands reached 214,000 units, up 39.4% year-on-year, while new energy vehicle sales hit 117,000 units, a 64.9% increase [1] - From January to July, self-owned brand sales totaled 1.518 million units, accounting for 63.5% of total sales, an increase of 4.3 percentage points year-on-year [1] Group 2: Joint Venture and Overseas Market - Joint venture brands also showed signs of stabilization, with July sales increasing by 26.1% year-on-year [1] - The company anticipates that the launch of new models such as the SAIC Audi A5L Sportback and Buick "Zhijing" will usher in a "Joint Venture 2.0" phase [1] - In July, overseas sales reached 82,000 units, with the MG brand delivering nearly 180,000 units in Europe in the first seven months, achieving double-digit growth [1]