SAIC Motor reported robust performance in July, selling 338,000 vehicles, up 34.2 percent year-on-year and marking its seventh consecutive month of sales growth.

From January to July, wholesale volume reached 2.39 million units, a 15 percent increase year-on-year, while retail climbed to 2.567 million units, reflecting healthier production, sales and inventory structure.

Driven by deeper reforms and stronger innovation, the company's three new growth drivers — self-owned brands, new energy vehicles (NEVs) and overseas markets — continued to gain momentum.

In July, sales of self-owned brands hit 214,000 units, rising 39.4 percent year-on-year, while NEV sales surged 64.9 percent year-on-year to 117,000 units. Overseas deliveries reached 82,000 units, showing steady growth despite global challenges.

Joint-venture brands also rebounded, posting a 26.1 percent year-on-year increase, supported by the launch of new models including the Audi A5L Sportback, AUDI E5 Sportback and Buick's ELECTRA, ushering in a new development chapter under the "In China, For China" strategy.

Self-owned brands maintain strong momentum

SAIC Motor's self-owned brands posted robust growth in July, with sales reaching 214,000 units, up 39.4 percent year-on-year. From January to July, cumulative sales of self-owned brands stood at 1.518 million units, an increase of 23.3 percent year-on-year, accounting for 63.5 percent of the company's total sales — 4.3 percentage points higher than a year earlier.

In July, SAIC Motor Passenger Vehicle sold 60,000 units, up 19.2 percent year-on-year, with domestic sales surging 152.9 percent year-on-year. SAIC Maxus delivered 17,000 units, a 21.1 percent rise, while SAIC-GM-Wuling sold 121,000 units, up 59 percent year-on-year.

A series of new models — including the Roewe M7 DMH, the all-new MG4, the next-generation IM LS6 and LS9 extended-range electric vehicles (EREV), and the Shangjie H5, the first model jointly developed by SAIC and Huawei — are set to be launched, which is expected to further boost sales of self-owned brands.

NEVs outpace the market

SAIC Motor's new energy vehicle sales maintained strong momentum in July, rising 64.9 percent year-on-year to 117,000 units. From January to July, NEV sales reached 764,000 units, a 43.5 percent increase year-on-year, outpacing the overall market growth for NEVs.

Among its self-owned brands, IM Motors sold nearly 6,000 units, up 39 percent year-on-year; SAIC Motor Passenger Vehicle doubled its NEV sales to 15,000 units; SAIC Maxus delivered more than 4,400 units, up 40.3 percent year-on-year; SAIC-GM sold 8,000 units, rising 54.7 percent year-on-year; and SAIC-GM-Wuling also doubled its NEV sales to 72,000 units.

Europe remains SAIC Motor's leading overseas market

SAIC Motor's products and service are now available in more than 100 countries and regions, with overseas accumulated volume exceeding 6 million units. The company enjoys one regional market with annual sales of over 300,000 units (Europe) and five markets with annual sales above 50,000 units (the Americas, Middle East, Oceania, ASEAN and South Asia).

From January to July, MG, SAIC Motor's key brand in Europe, delivered nearly 180,000 vehicles to end customers, achieving double-digit growth despite challenges such as anti-subsidy tariffs. Its hybrid electric vehicles (HEVs) outperformed many international competitors, helping MG become the best-selling Chinese brand in the European market.