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GM (2) Global Sales Down, but Earnings Remain Strong
ue, and compact SUVs, Korean-made vehicles which the company continues to launch, are growing. In China, sales of American brands (such as Buick), which were slow to introduce EVs, fell sharply, resulting in a large overall decrease in sales (-18.1%). On the other hand, the joint venture SAIC-GM-Wuling Automobile Co., Ltd. has been rapidly expanding its lineup of EVs and PHVs to meet the needs of the Chinese market, with local Chinese brands n...
Market & Tech Reports Updated at: 2024/11/27
SAIC: 3.5M NEV Sales by 2025, Launching 14 New Smart EV Models Overseas
ery (Jun. 2023)SAIC: Cultivating Global Markets, Focusing on Hydrogen Fuel Cell Vehicles (Jan. 2023) According to MarkLines data, SAIC Group’s 2023 NEV passenger car sales volume increased 3.9% y/y to 1,065,000 units. Of these, 835,000 (down 4.9% y/y) were own-brand vehicles (including Wuling and Baojun brands under SAIC-GM-Wuling Automobile Co., Ltd.) and 230,000 (up 56.0% y/y) were foreign-brand vehicles. The five top-selling NEV m...
Market & Tech Reports Updated at: 2024/03/25