SAIC Motor reports stable YoY growth in H1 2025 revenue

Shanghai (Gasgoo)- SAIC Motor released its 2025 semi-annual financial report on August 28, posting consolidated operating revenue of 299.59 billion yuan for the first six months, a year-on-year increase of 5.2%. Net profit attributable to shareholders amounted to 6.02 billion yuan, while adjusted net profit surged 432.2% over a year ago to 5.43 billion yuan. Operating cash flow also strengthened significantly, zooming up 85.9% from the previous year to 21.04 billion yuan in this period.

Photo credit: SAIC Motor

The company credited structural reforms and improving market conditions for its stronger performance. Wholesale vehicle sales rose 12.4% over a year ago to 2.053 million units in H1 2025, with monthly deliveries climbing year-on-year for six consecutive months. Retail sales reached 2.21 million vehicles.

The group's self-owned brands were a major driver, with their wholesales up 21.1% from a year earlier to 1.304 million units in H1, now accounting for 63.5% of the total. New energy vehicle (NEV) sales leapt 40.2% from the previous year to 646,000 units, while overseas markets contributed 494,000 units, edging up 1.3% year on year.

SAIC Motor also pushed forward with organizational restructuring. Passenger and commercial vehicle operations under its self-owned brands were consolidated for greater efficiency and faster market response. The passenger car division adopted elements of Huawei's IPD (Integrated Product Development) and IPMS (Integrated Product Marketing and Sales) systems to optimize processes such as product definition and cost control, cutting vehicle development cycles to just 18 months. On the commercial side, the company established a dedicated board and executive committee, expanded dual-brand outlets for MAXUS and IVECO, and strengthened resource coordination to enhance sales and service capabilities.

In the smart NEV segment, SAIC Motor deepened ties with Huawei. The two companies jointly launched a new brand, "SAIC Shangjie,' under Huawei's Smart Selection Vehicle program. Combining Huawei's intelligent mobility solutions with SAIC's global-standard manufacturing and rigorous quality systems, the brand aims to deliver highly durable, safe, and reliable vehicles. Its first model, the Shangjie H5, opened for pre-orders on August 25, securing over 50,000 units of orders within 18 hours.

Overseas, SAIC Motor continued to expand despite challenges such as EU anti-subsidy measures. Its MG brand delivered 153,000 vehicles in Europe during H1 2025, up 16% year-on-year, making it the best-selling Chinese brand in the region. Its premium NEV unit IM Motors also accelerated expansion, rolling out the IM5 and IM6 in Thailand, the UK, and Australia to strengthen global brand recognition and profitability.