SAIC Motor continued to be a sales champion as it sold 6.49 million vehicles in 2016, up 9.95 percent from the previous year, further expanding its leading advantages.
The domestic car market saw ups and downs in 2016. Facing severe challenges from market fluctuations, SAIC seized opportunities on the market and rolled out new products. While the group’s joint-venture brands maintained stable growth, its self-owned brands made great progress.
In 2016, SAIC Volkswagen sold more than 2 million vehicles, up 10.5 percent year-on-year, becoming China’s first passenger vehicle company whose sales topped 2 million. SAIC Maxus sold 1.89 million vehicles, up 7.7 percent year-on-year. SGMW continued to be the first in terms of sales for a single brand as its sales rose 4.4 percent year-on-year to 2.13 million units. Sales of passenger vehicles under the group’s self-owned brands surged 89.2 percent year-on-year to 322,000 units, while its self-owned commercial vehicle marque Maxus saw sales hit 46,000 units, an increase of 31.6 percent, despite a steep drop seen by the Chinese light van market.
More importantly, SAIC actively worked in the fields of electric vehicles, internet connection, intelligent technology and solutions for sharing. It continued to flex its muscles in R&D and marketing, and rolled out innovative products through technological innovations. It maintained a strong momentum in innovation-driven development as it adopted innovative models to spur business transformation. More →