JAC Group posts 18.4% YoY jump in 2023 annual sales volume

Beijing (Gasgoo)- On January 5, JAC Group released its sales report for December 2023, which showcased a monthly sales volume of 43,992 units, marking a 2.61% year-on-year rise. 

Photo credit: JAC Group

JAC Group’s annual cumulative sales for 2023 stood at 592,499 units, jumping 18.4% from that of a year ago. Sales of battery-electric passenger cars amounted to 185,931 units last month, dipping 3.71% year over year. 

Throughout 2023, the Chinese automaker has shipped 169,641 vehicles to overseas markets, witnessing a 47.99% year-on-year surge. So far, JAC Group has expanded its global presence by exporting vehicles to 132 countries and regions worldwide, amassing a cumulative export volume of nearly 1.4 million units to date.

Embracing an ethos of "intelligence leading intelligence" since April 2023, JAC Group has focused on developing an intelligent automotive ecosystem through a combination of independent R&D and open collaboration on core self-developed and essential, generic technologies. The company's cumulative R&D investment from January to November 2023 totaled 1.858 billion yuan, marking a 16.35% increase year-on-year.

On the other hand, in 2023, JAC Group maintained its commitment to independent growth while expanding joint ventures and collaborations, fostering innovation for sustainable high-quality development.

JAC Group's strategic collaboration with Volkswagen has been deepening. In December 2023, their joint venture, Volkswagen (Anhui) Automotive Company Limited, produced and exported the all-electric Cupra Tavascan to the European market, with Volkswagen Group targeting an annual sales figure exceeding 70,000 units for this brand.