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SGMW scores 50% YoY spike in July export volume

Monika From Gasgoo| August 05 , 2022 14:47 BJT

Shanghai (Gasgoo)- SAIC-GM-Wuling (SGMW), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, announced on Friday its vehicle sales reached 145,017 units in July 2022, jumping 32% from the previous year.

Meanwhile, the automaker noted that the vehicles it sold last month included 59,288 new energy vehicles (“NEVs”), representing a 117% year-on-year hike. Besides, its export volume amounted to 19,739 units in July, surging 50% from a year ago.

In mid-July, SGMW announced its foray into the hybrid electric vehicle (“HEV”) field by virtue of its advantages in the integrated ecosystem of NEV core component supply chain and the in-house development capability of batteries, electric control units, and chips.

The company said it had planned out both HEV and PHEV (plug-in hybrid electric vehicle) routes, of which HEVs would be launched first in a bid to offer users proper solutions when the existing charging network deployment is not enough to completely solve range anxiety.

SGMW scores 50% YoY spike in July export volume

Wuling Asta HEV; photo credit: SGMW

In the second half of 2022, SGMW plans to roll out the HEV versions of the Wuling Victory and the Wuling Asta, which are expected to carry a hybrid system with a 2.0-liter engine. Notably, the Wuling Asta HEV hit the market on August 2.

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