SAIC Motor’s auto sales drop 10.22% in 2020

Shanghai (Gasgoo)- SAIC Motor announced its full-year sales dipped 10.22% from a year ago to 5,600,482 units last year. Despite the decrease, the company was honored the No.1 Chinese automaker by annual sales for the fifth year in a row.

In December 2020, SAIC Motor saw its monthly sales climb 7.01% over the previous year to 746,607 units, for the seventh month in a row representing year-on-year growth.

SAIC-GM-Wuling (SGMW) outperformed the other subsidiaries in terms of both annual sales and Dec. sales.

Wuling Victory; photo credit: SGMW

Wuling brand sold a total of 1,177,507 new vehicles through 2020 and was posting year-on-year increase for nine consecutive months. It hit the 2.2 million-unit outputs milestone on May 25. In addition, the sales of the Wuling Victory, the first flagship model bearing the new Wuling Global Silver badge, totaled 22,524 units within two months.

SGMW said its NEV sales surged 190% from the prior-year period to 174,005 units in 2020, of which 127,651 units were the Hongguang MINI EVs. Notably, the mini-sized all-electric car was crowned the best-selling NEV model in China for three straight months.

Roewe RX5 Plus; photo credit: Roewe

SAIC Motor's self-owned brands, including Roewe, MG, R Motor, Maxus, Yuejin, Wuling, Baojun, Hongyan and Sunwin Bus, sold roughly 2.6 million units through 2020, a highest-ever number on an annual basis.

During the 13th Five-year Plan period (2016-2020), SAIC Motor plowed over 60 billion yuan ($9.28 billion) into R&D business and has built an independent R&D group composed of nearly 8,000 technicians.

SAIC Motor said its new energy vehicle (NEV) sales soared 77.8% over a year ago to around 320,000 units in 2020. Moreover, the sales of overseas markets amounted to 390,000 units (+11.3% YoY), 60% of which were from NEVs.

For the period of the 14th Five-year Plan (2021-2025), SAIC Motor attempts to roll out nearly 100 NEV models, including 60 models under self-owned brands.