Financial Performance and Profitability
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Revenue (TTM 2025): Approximately $86.68 billion USD, slightly down from $87.08 billion USD in 2024, reflecting stability amid market uncertainties
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Q1 2025 Revenue: CNY 140.86 billion (~$20 billion USD equivalent), marginally lower than Q1 2024
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Net Income (Q1 2025): CNY 3.02 billion (~$430 million USD), up from CNY 2.71 billion a year ago
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SAIC maintains profitable operations supported by strong sales in self-owned brands and NEVs despite mild revenue contraction
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Capital expenditures and investments continue in electrification, innovation, and overseas market development
Vehicle Sales and Production
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Total Vehicle Sales (H1 2025): 2.053 million units, a 12.4% increase year-over-year
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Retail Deliveries (H1 2025): 2.207 million units, showing consistent monthly growth for six consecutive months
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Self-Owned Brand Sales: 1.304 million units, up 21.1%, contributing 63.5% of total volume
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NEV Sales: 646,000 units in H1 2025, a 40.2% year-over-year increase
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July 2025 Sales: 338,000 units, up 34.2% year-over-year
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MG brand, key for overseas markets including Europe, delivered nearly 180,000 units in the year to July, achieving double-digit growth despite tariff challenges
Regional and Global Sales Performance
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Domestic Market: Strong sales momentum with self-owned brands and NEVs leading growth
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Overseas Markets: Sales reached 494,000 units in H1 2025, a 1.3% increase year-over-year with Europe as the largest overseas market
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Key Overseas Success: MG brand top-selling Chinese brand in Europe, overcoming anti-subsidy tariffs with strong hybrid electric vehicle sales
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Presence and sales expanding in Americas, Middle East, Oceania, ASEAN, and South Asia regions
Profitability and Cost Factors
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Profitability bolstered by rising NEV shares and self-owned brand strength
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Investment underway in new model launches, including advanced electric vehicles such as IM Motors' LS6 and L6
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Continuing to navigate challenges from tariffs, supply chain issues, and competitive pressures with ongoing reform and innovation strategies
Debt and Liquidity
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SAIC maintains a stable financial position with robust liquidity to support ongoing growth and innovation
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Investments focus on electrification, new energy vehicle technology, and overseas expansion
Best Selling Models and Highlights
| Model/Brand | Highlights |
|---|---|
| MG Brand | Leading overseas growth; strong NEV and hybrid sales in Europe, nearly 180,000 units year to July 2025 |
| IM Motors | Premium EV brand showing rapid growth, with LS6 and L6 models in strong demand |
| SAIC Maxus | Commercial vehicle segment with significant volume growth |
| SAIC-GM-Wuling | Continued growth with NEV line-up expansion and strong domestic sales |
Weakest Performers and Segment Underperformance
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Specific legacy model declines not disaggregated publicly, but traditional internal combustion vehicle sales face ongoing pressure
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Tariff and global trade uncertainties challenge some export markets
Key Financial and Operational Metrics
| Metric | Value | Notes |
|---|---|---|
| Revenue (TTM 2025) | $86.68 billion USD | Slight decline vs 2024 |
| Total Vehicle Sales (H1 2025) | 2.053 million units | Up 12.4% year-over-year |
| NEV Sales (H1 2025) | 646,000 units | +40.2% YoY increase |
| Overseas Sales (H1 2025) | 494,000 units | +1.3% YoY growth |
| July 2025 Sales | 338,000 units | +34.2% YoY growth |
Industry Outlook and Strategic Focus
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SAIC continues to prioritize electrification and innovation, with multiple new NEV launches planned for late 2025
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Overseas market expansion remains a strategic pillar, especially in Europe with the MG brand positioning
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Ongoing reforms and three-pronged growth drivers (self-owned brands, NEVs, overseas markets) underpin growth momentum
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Focus on balancing production capabilities, supply chain optimization, and cost efficiencies amidst dynamic market conditions
Summary
SAIC Motor Corporation demonstrated robust growth in the first half of 2025 driven by strong vehicle sales, especially in the new energy vehicle segment and self-owned brands. Despite a slight dip in total revenue, profitability improved with rising net income. The company sustains its leadership in the domestic market and expands its global footprint, notably in Europe with the MG brand. SAIC's strategic investments in electrification, innovation, and overseas expansion position it well for continued growth in the evolving automotive landscape.
Sources
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SAIC Motor Corporation Limited Q1 2025 Earnings Report
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SAIC Motor H1 2025 Sales Announcement
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SAIC Motor July 2025 Sales Release
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Market analysis of SAIC Motor’s 2025 financial and sales performance
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Corporate disclosures from SAIC Motor official communications
