SGMW’s GSEV-based vehicle monthly sales hit all-time highs in Oct.

Shanghai (Gasgoo)- SAIC-GM-Wuling (SGMW), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, said the monthly sales of the vehicles based on GSEV (global small electric vehicle) platform notched new highs of 51,081 units in October, surging 112% year on year, while also jumping 39% month on month.

Hongguang MINIEV; photo credit: SGWM

The GSEV platform currently supports such models as the new Baojun E100, the E200, the E300, and the Wuling Hongguang MINIEV through significant economies of scale and flexibility.

The sales of the hotter-selling Hongguang MINIEV amounted to 47,834 units last month.

The automaker didn't unveil the year-to-date sales volume. According to the sales results released in the previous month, the sales of the GSEV-based vehicles totaled 571,011 units for the first three quarters, thus the Jan.-Oct. sales should be above 622,000 units.

Zhou Xing, a senior executive of SGMW's Wuling brand, said to a local media channel that the chip shortage has affected the company’s production volume in October. He added there were plentiful exterior factors leading to the chip shortage, thus it was hard to make judgement on how long the chip crunch will last.