China’s biggest automaker, the SAIC Motor Group, said sales more than doubled in April-June from the previous quarter.
It sold 479,000 vehicles in June, up 2.8 percent from the same month last year and up 101.8 percent quarter on quarter.
It said it had achieved positive year-on-year growth of retail sales each month since April. First quarter sales were hit by COVID-19, but the auto industry is recovering and the Shanghai government’s policies to promote purchases had achieved good results, it said.
In the first half, SAIC focused on technological innovation, laying a foundation for future sustainable development, with great efforts on new energy vehicles, intelligent and connected vehicles and software.
SAIC said its performance in overseas markets is good, with its branded sales reaching 79,000 units, a 17.3 percent increase year on year.
In the second half, SAIC will announce details of new operations in Mexico. It will also launch its MG brand in Spain, Switzerland and Germany.
Source: Shanghai Daily |
