Recently, SAIC Motor released the February production and sales express. According to the express, SAIC motor sold a total of 322,000 vehicles in February, an increase of 31% year-on-year. Among them, the performance of the "new troika" of independent brands, new energy and overseas markets continued to be eye-catching, and all achieved high-speed growth; the main joint ventures represented by SCO Volkswagen maintained a stable and good development trend. Overall, SAIC Motor's sales performance in February was quite remarkable.
First of all, from the perspective of the joint venture sector, after achieving a year-on-year increase of more than 50% in sales in January, SAIC Volkswagen's sales continued to maintain high growth in February, with a single monthly sales of 90,000 vehicles, a sharp increase of 79% year-on-year. Among them, after the ID.series of new energy products entered the right track in the market, the average monthly sales of more than 6,000 vehicles continued to exert force, Langyi returned to the 40,000-vehicle camp, and the stable play of major models such as Passat and Tiguan jointly promoted the steady increase in sales of SAIC Volkswagen.
It can be said that under the severe situation of global chip shortage, saicutical Volkswagen's strong recovery in sales is undoubtedly to add a bright color to the overall car market recovery in 2022. At present, SAIC Volkswagen's cumulative sales from January to February have reached 221,000 units, achieving a year-on-year increase of 62%.
In contrast, SAIC-GM, which is also a joint venture brand, has performed slightly sluggishly since the beginning of the year. Although SAIC-GM's sales in February were flat compared with the same period, the cumulative sales volume in the first two months showed a 10% year-on-year gap. In fact, SAIC-GM's monthly sales of tens of thousands of models have not been many, mainly concentrated in the Buick brand of the hot models such as Yinglang, GL8, Oncovi, etc. and Chevrolet's Cruze.
However, fortunately, most products have a stable sales base in the market for a long time, so they have not faced an overall large decline in the process of shifting from traditional fuel vehicles to intelligent and electrified.
Secondly, from the perspective of independent brands, in February, SAIC Passenger Vehicle Company sold a total of 64,000 new cars, a year-on-year increase of 113.4%, of which RX5, MG5 and other major models sold more than 10,000; SAIC Maxus sold nearly 13,000 units, an increase of 30.9% year-on-year. Both independent brands have achieved rapid and stable sales growth in their respective segments.
At the same time, it is worth noting that SAIC's intelligent pure electric vehicle brand Zhiji's first mass production car Zhiji L7 mass production car has officially entered the mass production stage, planned to be officially listed and delivered on March 29, coupled with the new establishment of SAIC Group on March 2, committed to promoting the future of electric intelligent networked vehicle technology research and development and industrialization of the "SAIC Group Innovation Research and Development Institute" officially unveiled, SAIC has a strong substantive promotion of the position of "to take the soul in their own hands", at the same time, This will also inevitably help SAIC's own brands to embark on a high-quality "upward" road with great gold content.
In addition, as mentioned at the beginning, the current "new troika" of independent brands, new energy and overseas markets formed by SAIC Is gradually taking on the increase in group sales. In addition to the outstanding performance of its own brands, SAIC Motor achieved a year-on-year increase of 48% and 69% in February for new energy vehicles and overseas market sales.
In terms of new energy, SAIC-GM-Wuling small and micro electric vehicles, SAIC Passenger Vehicle Company new energy vehicles, SAIC Volkswagen ID. series new energy vehicles, all three have their own advantages in their respective markets, which together make SAIC Occupy a leading position in the new energy market. At the same time, in the overseas market, the MG brand has previously laid the foundation in the European market. This year, SAIC Motor plans to invest in a number of new energy products represented by the PURE ELECTRIC VEHICLE MG EH32 that meets the highest standards in Europe, in order to achieve a breakthrough of "100,000 vehicles" in the European market. According to SAIC's plan, SAIC's own brand is expected to reach 120,000 vehicles in Europe in 2022.