SAIC Motor, China's largest carmaker, sold more than 280,000 new energy vehicles in the first half of the year, up more than 400 percent year-over-year and twice the market average growth rate, the company said in an announcement Friday.
SAIC sold about 260,000 units overseas in the first half, up nearly 100 percent year-over-year, the company said.
SAIC achieved wholesale sales of 2.297 million units in the first half, up 12.1 percent year-over-year, and retail sales reached 2.945 million units, up 29.7 percent year-over-year.
SAIC passenger car retail sales reached 381,000 units, up 60.2 percent year-over-year. SAIC MAXUS retail sales reached 106,000 units, up 57.2 percent year-over-year.
SAIC-GM-Wuling retail sales reached 884,000 units in the first half of the year, an increase of 39.5 percent year-over-year.
SAIC-GM retail sales reached 746,000 units in the first half, up 25.5 percent year-over-year. SAIC-Volkswagen retail sales reached nearly 670,000 units, up 14 percent year-over-year.
SAIC Motor's first-half revenue was RMB356.6 billion ($5.5 billion), up 29.90 percent year-over-year, according to the company's report released on Aug. 26.
The company's net profit attributable to shareholders of the listed company for the first half of the year was RMB13.314 billion, up 58.61 percent year-over-year, and its basic earnings per share was RMB1.15.
The company's total assets were RMB 883.477 billion and net assets attributable to shareholders of the listed company were RMB 275.975 billion.
(Photo source: SAIC)