SAIC Motor : sets ambitious goal to sell 6m units this year

SAIC Motor, China's largest carmaker, topped China's car sales with 307,000 units sold in January this year, according to the group's latest statistics.

The carmaker sold 76,600 vehicles in overseas markets, up 17.1 percent year-on-year, and its new-energy intelligent vehicles are popular in both domestic and overseas markets.

IM Motors, a joint venture between SAIC, Alibaba and Zhangjiang High-tech, started pre-sales of the LS7, the company's first mid-and-large-sized SUV, in December last year, and the new model was well received by consumers. Pre-sales for the F7 model, which was developed by SAIC Motor's self-brand Rising Auto, surpassed 10,000 in a single day. MG4 ELECTRIC, the first model built by SAIC Motor on its dedicated electric platform, delivered nearly 5,000 units to Europe in January.

With the optimized COVID-19 containment measures, less chip shortages, and the combined effects of existing and new policies to support vehicle businesses, China's automobile industry is expected to achieve a recovery growth of more than 4 percent this year. SAIC Motor has unveiled its blockbuster new products since this month, including the IM LS7, and the Rising F7. The carmaker plans to fully rely on its strong industrial chain advantages and innovation system competitiveness to further promote the growth of high-end new-energy intelligent vehicles in overseas markets.

SAIC Motor has set its ambitious development goals of selling 6 million vehicles and 1.5 million new energy vehicles worldwide, including 1.2 million overseas sales this year.