SAIC Motor's Jan-Feb sales surge 6.8% YoY to nearly 600,000 units
SAIC Motor reported wholesale sales of 597,000 vehicles in January and February, a 6.8% year-on-year increase.
597,000 units
6.8%
67.2%
What Happened
SAIC Motor reported cumulative wholesale sales of 597,000 vehicles in January and February 2026, a 6.8% year-on-year increase. In February alone, the company sold 269,000 vehicles. The group maintained its market leadership, with self-owned brands accounting for 67.2% of total sales, up 4.3 percentage points from the same period last year.
14%YoY
Self-owned brands sold 401,000 vehicles in Jan-Feb, with SAIC Motor Passenger Vehicle surging 44.8% and IM Motors rising 69.4%.
6.4%YoY
NEV cumulative sales reached 157,000 units in Jan-Feb, with SAIC Motor Passenger Vehicle NEV sales soaring 334.7% YoY.
48.9%YoY
Overseas sales hit 204,000 vehicles in Jan-Feb, with the MG brand selling 49,000 units in Europe, up 16% YoY.
Why this matters
The sales growth highlights strong performance across self-owned brands, NEVs, and overseas markets, reinforcing SAIC Motor's leading position in China's automotive industry.
Terms in This Story
- NEV
- New Energy Vehicle, including battery electric, plug-in hybrid, and fuel cell vehicles.
- YoY
- Year-over-year, a comparison of data from one period to the same period the previous year.
- Self-owned brand
- An automaker's in-house brand, as opposed to a joint venture brand.
- Joint venture
- A business arrangement where two or more parties share ownership and operation of an automotive company, often between a foreign and local partner.
Summarised from the linked release; details can be imperfect — always verify against the original source.