SAIC Motor Corp. Reports Strong 2025 Sales Momentum Amid Rapid NEV Expansion
SAIC Motor Corp. (Shanghai Stock Exchange ticker: 600104) disclosed its 2025 annual vehicle sales figures on January 4, 2026, revealing a 12.3 % year‑over‑year increase in total unit deliveries to 4,507,000 vehicles. The lift was driven largely by a surge in new‑energy vehicle (NEV) sales, which climbed 33.1 % to 1,643,000 units, setting a new historical peak for the conglomerate.
2025 Sales Profile
| Segment | 2025 Units | YoY Change |
|---|---|---|
| Total Vehicle Sales | 4,507,000 | +12.3 % |
| New‑Energy Vehicles | 1,643,000 | +33.1 % |
| SAIC‑branded models | 2,928,000 | +21.6 % |
| Exported units | 562,185 | — |
SAIC’s portfolio includes a mix of wholly‑owned brands—most notably the domestically‑focused Zhi‑Ji line—and a number of high‑profile joint‑ventures such as SAIC‑Audi, SAIC‑Volkswagen, SAIC‑General Motors, and SAIC‑Nissan. The 2025 report highlighted that SAIC‑General Motors achieved a cumulative sales volume of 562,185 vehicles (including exports), with NEV sales accounting for 88,833 units. This figure kept the subsidiary comfortably within the “half‑million‑unit” club, despite the broader market’s transition toward electrification.
Drivers of Growth
NEV Expansion – The 33 % jump in electric and plug‑in hybrid deliveries reflects the company’s continued investment in battery technology, charging infrastructure, and product diversity. The NEV segment now represents roughly one‑third of SAIC’s overall sales mix, a proportion that is expected to rise as policy incentives and consumer preference shift further toward zero‑emission vehicles.
Domestic Brand Momentum – SAIC’s in‑house brands grew 21.6 % in 2025, underscoring the effectiveness of the company’s “dual‑brand” strategy. New launches, such as the Zhi‑Ji LS8 and other models in the Zhi‑Ji portfolio, have resonated with Chinese consumers seeking premium yet affordable electrified options.
Export Stability – The joint‑venture arm, SAIC‑General Motors, managed to maintain a strong export presence. While the global market experienced volatility, SAIC‑General’s sales of 88,833 NEV units abroad indicate that its product line remains competitive in overseas markets.
Market Context
SAIC Motor’s performance sits within a broader consumer‑discretionary landscape that has seen renewed confidence in automotive investment. The company’s 52‑week high of 20.63 CNY and 52‑week low of 13.92 CNY illustrate a range of volatility, yet the recent upward trend is supported by a 63.41 price‑to‑earnings ratio that signals market expectations of continued growth. With a market capitalization of roughly 174.96 billion CNY, SAIC is a key player in Shanghai’s automotive cluster and a bellwether for China’s auto‑industry transition.
Outlook
Analysts anticipate that SAIC will continue to leverage its joint‑venture expertise while expanding its NEV portfolio. The company’s strong 2025 results provide a solid foundation for 2026, where further electrification and autonomous‑driving initiatives are expected to drive incremental sales growth. Investors will likely monitor the company’s ability to sustain its NEV momentum against rising production costs and intensifying global competition.
In summary, SAIC Motor Corp.’s 2025 sales data demonstrate robust growth across both traditional and electric vehicle segments, underscoring the company’s strategic positioning as China’s automotive landscape evolves toward a more sustainable, technology‑centric future.
