[News-Oxcart Network]
SAIC Motor's disclosure of production and sales report today shows that the group's sales reached 661,000 units in December, down 11.47% year-on-year; from the perspective of cumulative sales for the whole year, SAIC Motor sold a total of 5.4635 million vehicles in 2021, down 2.45% year-on-year.
Specifically, saicutical Volkswagen and SAIC-GM's two major joint ventures have suffered declines to varying degrees – SAIC Volkswagen's cumulative annual sales volume was 1.242 million units, down 17.5% year-on-year; SAIC-GM sold 1.3316 million units, down 9.26% year-on-year. This is also the first time since 2014 that SAIC-GM's annual sales have surpassed SAIC Volkswagen.
Saic-GM-Wuling's performance was roughly the same as in 2020, with a total of 1.6602 million units, a slight increase of 3.76% year-on-year.
In a year when the group as a whole showed a downward trend, the performance of SAIC Passenger Cars can be said to have "supported" SAIC: in 2021, the annual sales volume reached 800,800 units, up 21.72% year-on-year. Beyond 2018, it once again set a record for historical sales, while the annual growth rate stopped falling and rebounded, ending the downward trend since 2019.
The latest research report of Ping An Securities believes that saic motor group is currently at an important point of marginal improvement, and with the launch of high-end pure electric models, SAIC is still expected to improve its performance in the valuation of the capital market.
Under the background of the barbaric and crazy rise of the overall new energy market, SAIC's new energy sector has indeed ushered in a small climax of development - in 2021, SAIC's new energy vehicle sales reached 732,600 units, an increase of 128.93% year-on-year.
However, in the new energy market surrounded by strong enemies, the new forces that can retain a sense of existence this year have almost doubled their growth rate, they wield a large knife to revolutionize the life of traditional fuel vehicles, and even the sluggish car companies have also come up with countermeasures.
With the more resolute pace of the electrification of Volkswagen ALL IN, the launch of the general electric platform, and the delivery of new products such as Zhiji and Feifan in the autonomous sector, SAIC's transformation in new energy will be more clear this year.