China's SAIC Motor targets sales of 1,350,000 vehicles overseas in 2024

Updated: January 19, 2024 Source: Belt and Road Portal
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SAIC Motor Corporation, a leading automaker in China, is planning to sell 1,350,000 vehicles overseas in 2024, said Zhao Aimin, deputy general manager of SAIC Motor International, a subsidiary of SAIC Motor.

Last year, SAIC Motor sold more than 250,000 vehicles in the European market, with the Australia-New Zealand region approaching 100,000 units and the Americas region totaling over 300,000 units. Its sales in the Middle East and ASEAN regions also surpassed 100,000 units each, according to Zhao.

According to SAIC Motor, it sold 1,208,000 vehicles in overseas markets in 2023, up 18.8 percent year on year. Out of those vehicles sold overseas, the sales of its homegrown brands accounted for nearly 92 percent, and its new energy vehicles (NEVs) contributed to nearly 24 percent of the total overseas sales. Its brand MG4 EV which is developed on a brand-new technology platform, has been introduced in over 80 countries across six continents, and secured the position as the best-selling electric vehicle in the European market in 2023.

China's auto exports surged 57.9 percent year on year to a record high of 4.91 million vehicles in 2023 as the country's automakers expanded their presence overseas, data from the China Association of Automobile Manufacturers (CAAM) showed. (Edited by Xie Weijia, Hu Pingchao,

Editor: Hu Pingchao