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SGWM says sales in June surge 24% year on year
Monika From Gasgoo| July 03 , 2020

Shanghai (Gasgoo)- SAIC-GM-Wuling (SGMW), General Motors' joint venture with two Chinese automakers, boasted an impressive 24% year-on-year growth in June with 124,000 vehicles sold, according to a post on SGWM's WeChat account.

The sales of Wuling-branded vehicles soared 49% over a year ago to 94,807 units in June. Notably, the volumes of mini trucks and mini buses shot up 91% and 32% from the previous year respectively.

In response to the central government's call for economy vitality, Wuling brand plowed 2.2 billion yuan ($311,328,160) as a special fund to subsidize the development of night market economy, said SGWM.

SGWM June sales, Hongguang MINI EV, SGWM export, China automotive news

(Hongguang MINI EV, photo source: SGWM)

SGWM started in May the presale of a four-seater EV model, the Hongguang MINI EV, and is ready to put it onto the market this month. The automaker said it has so far received orders of nearly 30,000 units as the EV model is so popular due to the facilitation and safety it offers to consumers.

SGWM June sales, Hongguang MINI EV, SGWM export, China automotive news

(New Baojun RM-5, photo source: SGMW)

The New Baojun brand saw its June sales leap 52.9% month on month to 12,120 units. Hitting the market on June 25, the E300/E300Plus is expected to boost the brand's sales by virtue of its offering of intelligent equipment and human friendly travelling experience.

The sales of Baojun-branded NEVs amounted to 3,259 units, vigorously growing 32.7% from a month earlier.

In spite of the global spread of COVID-19 pandemic, SGWM still saw its auto export volume precipitously rise 42% over the year-ago period to 38,786 units for the first half of the year. The Baojun 510, SGWM's second self-developed model targeting the global market, has rolled off the production line and is soon to be exported to South American market.

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