SAIC Motor reports 47% sales growth for Q1-Q3

SAIC Motor, a Shanghai-listed subsidiary of leading Chinese automaker Shanghai Automotive Industry Corporation (SAIC), reported a 47 percent year-on-year growth in complete vehicle sales during the first nine months of this year, exceeding 1.94 million units.

September sales soared 90.7 percent from a year earlier to over 260,000 units.

SAIC Motor said passenger vehicle sales exceeded 150,000 units in September, while commercial vehicle sales surged by 91 percent year on year.

Shanghai GM, its joint venture with US-based General Motors, sold 71,566 complete vehicles in September. Sales in the first three quarters climbed 40.4 percent to 480,202 units.

In another joint venture, SAIC-GM-Wuling Automobile posted sales of 100,635 units in September. Sales in the January-September period jumped 64.5 percent to 801,869 units.