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SAIC Motor's total vehicle sales in 2021 decreased by 2.45% y/y to 5,463,500 units

SAIC Motor's total vehicle sales in 2021 decreased by 2.45% y/y to 5,463,500 units

Leju Financial News Deng Rufei On January 7, SHANGHAI AUTOMOTIVE Group Co., Ltd. (hereinafter referred to as "SAIC Motor") released the December 2021 production and sales express.

According to the announcement, saiculated vehicle sales totaled 661,000 units in December 2021, and the cumulative sales of vehicles in 2021 were 5,463,500 units, a cumulative decrease of 2.45% year-on-year, of which the sales of new energy vehicles were 732,600 units, an increase of 128.93% year-on-year.

SAIC Motor was established on April 16, 1984, the legal representative is Chen Hong, the registered capital is 11.683 billion yuan, the business scope includes automobiles, motorcycles, tractors and other motor vehicles, machinery and equipment, assembly and parts production, sales. The company is indirectly owned by the Shanghai Municipal State-owned Assets Supervision and Administration Commission 67.66%. The company has 52 foreign-invested enterprises, including SAIC Motor Group Financial Holdings Management Co., Ltd.

Source: Leju Finance

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