SAIC Motor scores two-digit YoY growth in May NEV, overseas sales
Shanghai (Gasgoo)- SAIC Motor announced today its monthly auto sales reached 363,591 units in May 2022, sliding 10.61% from the previous year.
For the first five months of this year, the Shanghai-based auto giant sold a total of 1,750,706 vehicles, indicating a 11.07% year-on-year drop.
The automaker said its new energy vehicle (“NEV”) and overseas businesses, and the subsidiary SAIC Motor Passenger Vehicle Company (“SAIC Motor PV”) all scored a two-digit year-on-year growth in May sales.
Last month, SAIC Motor PV sold 70,499 vehicles, representing a 33.02% year-on-year jump. Notably, the subsidiary’s global NEV sales exceeded 20,000 units in May, surging more than 90% from a year earlier.
3rd-generation Roewe RX5 rolling off line; photo credit: Roewe
With the third-generation Roewe RX5 rolling off the production line on June 1, SAIC Motor expects its self-owned PV brands to further strenthen their presence in the compact SUV market.
SAIC-GM ranked third among SAIC Motor's subsidiaries in terms of May sales. The Sino-U.S. joint venture saw its May sales climb 3.34% over a year earlier.
In May, SAIC Motor's NEV sales came at 71,658 units, shooting up 56.6% from the year-ago period. As for the year-to-date performance, the auto group sold a total of 301,451 NEVs by the end of May, up by 22.3% compared to the same span in 2021.
SAIC Motor also reported a 96.95% year-on-year spike in its May overseas sales, which stood at 86,078 units. In the Jan.-May period, the group recorded a total volume of 296,852 units for its exports and overseas markets' sales.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:firstname.lastname@example.orgSeller Service:email@example.com