SAIC-GM-Wuling scores 13.5% YoY growth in 2021 retail sales

Shanghai (Gasgoo)- SAIC-GM-Wuling (SGMW), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, claimed on Tuesday a retail sales volume of 1,760,176 new vehicles for the year of 2021, representing a 13.5% year-on-year increase. Of those, 1,449,367 units were under the Wuling brand, representing a 17% growth from a year earlier.

The full-year retail sales of the GSEV (global small electric vehicle) platform-based vehicles reached 452,238 units in 2021, surging 160% year on year and resulting in over 750,000 units in the cumulative volume. Notably, SGMW had sold over 550,000 Hongguang MINIEVs as of Dec. 2021.

Wuling Asta; photo credit: SGMW

Besides, the sales of the Wuling Asta, the first Wuling-branded global strategic SUV, stood at 19,073 units in Dec., jumping 22% from the previous month. Hitting the market in last Sept., the SUV model recorded cumulative sales of 54,563 units in 2021.

SGMW said its annual export volume hit record highs in 2021 despite such headwinds as the coronavirus pandemic and the increase in sea freight. The company exported a total of 145,550 complete vehicles and knock down kit(s) last year, an 88% leap year-on-year.

Up until now, SGMW's footprints have expanded to 40 countries in Central and South America, Africa, the Middle East, Southeast Asia, and other regions.