On August 29, SAIC Motor Corporation released its semi-annual report for 2024, indicating that from January to June, the company achieved wholesale sales of 1.827 million vehicles and delivered a total of 2.115 million vehicles to end customers, continuing to maintain its leading position in the domestic industry.
Among these, SAIC's new energy vehicles reached an end delivery volume of 524,000 units, a year-on-year increase of 29.9%, ranking second among Chinese automotive companies; in the overseas market, end deliveries amounted to 548,000 units, marking a year-on-year growth of 12.7%, thus continuing to lead the industry.
During the reporting period, despite a highly competitive domestic environment and pressures in overseas expansion, SAIC achieved a consolidated total revenue of 284.69 billion yuan and a net profit of 6.63 billion yuan attributable to shareholders of the listed company.
The current profitability of SAIC largely stems from optimizing its production and sales structure, deepening its presence in overseas markets, and enhancing technological capabilities.
In terms of technological empowerment, starting this year, SAIC has launched several industry-leading technologies, including the DMH super hybrid system, the full-stack 3.0 intelligent vehicle solution, and solid-state batteries, all of which are accelerating towards mass production. In smart driving, SAIC has become the only automaker to obtain two licenses and plans to implement small-batch production and commercial ecological operations for L3-level (conditional autonomous driving) technology in the near future. Additionally, SAIC has signed agreements with its joint venture partners to deepen technological cooperation and jointly develop multiple pure electric and hybrid products tailored for the Chinese market.
