SAIC Motor boasts 30.63% YoY leap in Feb. 2022 wholesales

Shanghai (Gasgoo)- SAIC Motor announced today its monthly vehicle wholesale volume jumped 30.63% from a year earlier to around 321,966 units in February 2022. 

As for the sales of subsidiaries in Feb., SAIC Volkswagen (SAIC-VW) was the best-performing one with a 79.41% year-on-year hike. Compared to the previous month, SAIC-GM surpassed SAIC-GM-Wuling (“SGMW”) to the runner-up place.

Roewe RX5; photo credit: SAIC Motor

SAIC Motor Passenger Vehicle Company (“SAIC Motor PV”), SAIC Motor's self-owned PV subsidiary, sold around 64,407 vehicles last month, representing a 114.69% growth from a year earlier. Notably, both the Roewe RX5 and the MG5 recorded a wholesale volume of over 10,000 units.

SAIC Maxus saw its wholesales leap 30.9% year on year to 12,522 units last month.

The auto group sold 45,267 new energy vehicles (“NEVs”) in February, a 48.4% year-over-year movement. To be specific, the monthly NEV sales of SAIC Motor PV exceeded 9,000 units, while SAIC Volkswagen contributed more than 6,300 units to SAIC Motor's Feb. NEV sales.

Hongguang MINIEV; photo credit: SGMW

Moreover, SAIC Motor said the monthly sales of SGMW's mini-sized electric vehicles still represented a rapid upward movement, but didn't reveal the concrete sales number.

In addition, SAIC Motor announced its export volume and sales of vehicles sold in overseas markets totaled 56,108 units in Feb. 2022, surging 69.3% from the year-ago period.

The Shanghai-based auto giant expects its sales of self-owned brands to reach 120,000 units in Europe this year with several key NEV models, including the MG CyberE (code-named “EH32”), launched.