Biz / Auto

SAIC announces plans for overseas expansion

Hu Yumo
China's biggest automaker ranks first for sales overseas among domestic automakers and plans to introduce several models including new-energy vehicles before the end of the year.
Hu Yumo

SAIC, China's biggest automaker, is to expand its business in overseas markets.

Despite the COVID-19 pandemic, it said its market share in all overseas countries in the first half of the year had increased compared with the same period last year, with 132,000 vehicles sold. Sales of SAIC's self-owned brands reached 79,000 vehicles, up 17.3 percent year on year.

The company plans to achieve the same sales figures overseas for the whole of this year as it did in 2019. 

The company ranks first among Chinese automakers for sales in overseas markets, accounting for 34 percent of the total. Which means that for every three cars sold overseas, one was from SAIC.

The Shanghai-based automaker plans to introduce several models including new-energy vehicles before the end of the year. It said it will further accelerate the pace of launching new models overseas next year.

SAIC said it will continue to promote new-energy vehicles around the world, introducing electric vehicles with a longer range to meet demand.

The company sells in more than 60 countries and regions. Later this year, it will announce details of new operations in Mexico. It will also launch its MG brand in Spain, Switzerland and Germany.

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