- SAIC is set to become China's first auto group to surpass 100 million in cumulative vehicle sales.
- The group's vehicle sales fell 1.50% year-on-year to 1,301,589 units in the January-April period.
SAIC Motor (SSE: 600104) is about to mark a historic moment by the end of this month when it delivers its 100 millionth vehicle globally, according to a Friday announcement.
The achievement marks a significant milestone for China's automotive industry, making SAIC the country's first auto group to top 100 million in cumulative sales.
The delivery milestone underscores SAIC's development over more than seven decades, with the company's history tracing back to an auto parts manufacturing firm established in 1955.
In 1983, SAIC pioneered joint venture cooperation in China's auto industry when the first domestically produced Volkswagen Santana sedan rolled off the assembly line and hit the market.
In recent years, the automaker has been pushing forward its global expansion.
Since its first passenger car export in 2001, SAIC's products and services have reached over 170 countries, with cumulative overseas deliveries exceeding 7 million units.
The company operates more than 100 overseas auto parts production bases and a network of over 3,000 dealers, and has built a leading proprietary vehicle logistics fleet in China.
SAIC has established three major research and innovation centers, including one in London, as well as four manufacturing hubs located in Thailand, Indonesia, India, and Pakistan.
In 2025, SAIC launched its "Glocal Strategy" for overseas markets, aiming to expand its footprint by combining global scale with local advantages.
The company plans to build a new overseas product lineup covering various models, with vehicles equipped with its new hybrid power system expected to cover mainstream segments globally.
Notably, SAIC has seen sluggish sales performance this year. In the January-April period, the group's vehicle sales stood at 1,301,589 units, down 1.50% year-on-year.
In April alone, the group sold 328,841 vehicles, a 12.66% decline from a year earlier. SAIC Volkswagen was the worst performer, with its sales plunging 51.53% year-on-year to 40,000 units.
