Posted on 21 Dec 2022
SAIC Motor (SAIC), China's leading carmaker headquartered in Shanghai, achieved its highest monthly sales of new energy vehicles (NEVs) in November after selling 130,000 units last month, a huge 27.5% improvement on October sales, according to the company's release via its official Weibo account.
During the first 11 months this year, SAIC saw its NEV sales jump by 45.8% on year to reach 930,000 units, or accounting for 19.5% of the 4.77 million vehicles of all types it sold during January-November, according to the release.
National statistics from the China Association of Automobile Manufacturers found that NEV sales throughout the country surged by 72.3% on year to 786,000 units last month, as reported.
Meanwhile, SAIC noted in the release that it expected the proportion of NEVs in total sales to rise to nearly 40% in 2025.
"SAIC is stepping up its efforts to become the first Chinese automaker to sell 1 million vehicles each in overseas markets and in the NEV sector," according to the release.
Over January-November, SAIC exported a total of 883,000 vehicles – higher by 46.4% on year – among which 111,000 units were for November alone, the company said in the release.
SAIC's counterpart, BYD – China's leading NEV manufacturer based in Shenzhen – saw its NEV sales leap by 219.4% on year to 1.63 million units during the past 11 months. In November, the company's NEV sales totaled 230,427 units, jumping by 152.6% on year, Mysteel Global learned from BYD's official release.
During all of 2021, SAIC's sales of NEVs came to 733,000 units, higher by 128.9% on year and ranking the company first in China and second in the world, according to its official website.
Source:Mysteel Global
