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SAIC sold 1.5 mln vehicles in Jan-Nov
Shanghai Automotive Industry Corp (SAIC) has sold 1.5 million vehicles in the first eleven months of this year, reaching its sales target for the full year of 2007, China Business Times reported today.
SAIC's passenger vehicle sales have reached 996,675 units in January through November, up 22.5 percent from a year earlier. In passenger vehicles, Shanghai VW sold more than 400,000 units, and Shanghai GM sold 430,000 vehicles. Ssangyong, a subsidiary of SAIC, has experienced buoyant sales in Chinese market.
During the same period, SAIC sold 30,000 commercial vehicles (heavy and light duty trucks), 15 percent higher than its full year target.
The company is expected to sell 1.6 million vehicles by year end. By 2010, SAIC will be able to produce and sell 2 million vehicles and of which 600,000 will be SAIC's self-developed models, the company said earlier.
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