SAIC Motor continues its dominance in the Chinese auto industry, delivering a total of 2.12 million vehicles in the first half of 2024, as reported on July 5. The company’s impressive performance is driven by what SAIC calls the New Triad of Growth Drivers: self-owned brands, new energy vehicles (NEVs), and expanding success in overseas markets.
From January to June, sales of SAIC’s self-owned brands soared to 1.26 million units, making up 59% of total company sales. Deliveries of NEVs reached 522,000 units, marking a 29.5% year-on-year growth, while overseas deliveries hit an industry-leading 554,000 units, reflecting a 13.9% increase over the previous year.
SAIC’s growth in NEVs has been exceptional, with annual NEV sales skyrocketing from 142,000 units in 2018 to 1.12 million units in 2023, cementing its position among the global leaders in the NEV market. Similarly, the company has significantly expanded its overseas presence, with sales climbing from 277,000 units in 2018 to 1.2 million units in 2023, maintaining its lead as China’s top exporter of vehicles.
Strong Overseas Market Performance
SAIC’s performance in overseas markets has been impressive, with 554,000 vehicles delivered in the first half of 2024. In Europe, the company’s MG brand has notably surpassed Tesla in sales, positioning it among the top 20 brands in the region.
UK Success: MG4 Crowned Best Used EV at 2024 AM Awards
In the UK, SAIC’s MG4 electric hatchback was awarded ‘Best Used EV’ at the prestigious 2024 Automotive Management (AM) Awards. Recognised for its performance, reliability, and strong residual value, the MG4 has sold over 30,000 units since its UK launch in 2022. The model’s Lux Extended Range variant delivers an impressive 520 km driving range (WLTP), while the MG4 XPOWER all-wheel drive version reconnects the brand with its sporting heritage, providing high-performance EV options for drivers.
Here in Malaysia, the MG4 Standard model is priced at RM103,999, offering a balance of features and affordability. For those seeking enhanced luxury, the MG4 Lux variant is available at RM128,999, providing additional comfort and premium amenities. Stepping up further, the MG4 Extended Range edition, priced at RM148,999, offers an extended driving range along with luxurious features. For enthusiasts seeking heightened performance, the MG4 XPOWER model comes in at RM158,999, delivering an exhilarating driving experience coupled with advanced technology and dynamic styling.
SAIC Motor’s ongoing success in the NEV and overseas markets underscores its leading position in the automotive industry, both within China and globally.
