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According to the latest data released by SAIC, the group sold a total of 455600 vehicles in January 2022, an increase of 13.02% over the same period last year. Among them, SAIC Volkswagen, a profit cow, saw its first-month sales rise 51.69 per cent year-on-year to 130600 vehicles, making it the group's biggest brand. It should be noted that the above are wholesale sales figures.

Although SAIC-Volkswagen has a large domestic market share in the past few years, it has not been comfortable. According to historical data from the automobile industry, SAIC-Volkswagen sold 2.0651 million vehicles, 2.0018 million vehicles, 1.5055 million vehicles and 1.242 million vehicles respectively from 2018 to 2021, with a slight increase of 0.1% in 2019 compared with the same period last year, while the year-on-year decline in 2018-2021 was 3.07%, 24.79% and 17.50% respectively. As can be seen from the above data, SAIC-Volkswagen sales have declined for three consecutive years compared with the same period last year, with year-on-year declines of more than double digits in 2020 and 2021, making it the group's biggest decline for two consecutive years. Of course, there are signs that SAIC-Volkswagen has fallen by more than double digits for two years in a row, such as being affected by the epidemic in 2020 and a shortage of chips in 2021.

Throughout 2021, SAIC Volkswagen brand in the traditional oil market layout is not very wide, the launch of medium-term revamped Passat, medium-term revamped Tuguan L and other new cars, there are obvious upgrades in appearance and configuration. By contrast, SAIC-Volkswagen has a more intensive layout in the pure electricity market, launching the ID.4X, ID.6X and ID.3 successively. As of November 2021, the sales of the three models were 18594, 6436 and 3901 respectively, which is only a decent achievement for new models that have just launched.

The Volkswagen brand will also launch four new cars in 2022, including the new Lingdu L, the New Varan, the New Lang Yat and the New Tu Ang X. both the Ling du L and the new Lang Yi have released official pictures. The new Lingdu L is based on the MQB Evo platform and uses a new shape in the appearance / interior, which is different from the existing Volkswagen models and has a higher overall recognition. As for the medium-term revamped Lang Yi, it will provide two designs: the ordinary version and the Star version. Among them, the front face of the starry version uses a dot matrix intake grille, which is the same as the Passat Star version. At the same time, the car adds imitation air intake shape on both sides of the front bumper, and is equipped with sports rims and a small spoiler in the back car, and many details of the car body are also blackened.

As for the high-end brand Audi, its first model, Audi A7L, was officially launched on September 26th, 2021, and the second model, Audi Q5 e-tron, was launched at the 2021 Guangzhou Motor Show. According to the latest news, SAIC Audi full-size large SUV fuel car Audi Q6 will be put into production in June this year. New Year's Day, Audi A7L 55TFSI was officially delivered this year, while Audi A7L 45TFSI was officially launched. The new car is basically the same as 55TFSI in appearance and interior. The powertrain is replaced with a 2.0T turbocharged four-cylinder engine with a maximum power of 180kw (245hp) and a peak torque of 370N ·m, matching a seven-speed wet double-clutch transmission.

From the group level, SAIC Volkswagen as the profit cow of SAIC Group, more or less sales will affect the profit performance of the group. According to the SAIC interim report, the net profit attributed to shareholders of listed companies in the first half of 2021 was 13.314 billion yuan, an increase of 58.61 percent over the same period last year. Among them, the net profit of SAIC-Volkswagen was 2.885 billion yuan, down 59.22% from the same period last year. In other words, SAIC Volkswagen's profit performance accounts for 21% of SAIC Group's level, SAIC Volkswagen's poor performance in the market will be a drag on the group's overall profits.

Of course, from the perspective of the market environment, SAIC-Volkswagen sales fell sharply in 2021, which has a lot to do with the shortage of parts, but it is difficult to cover up the development of SAIC-Volkswagen in the joint venture brand market and pure electricity market. The shortage of chips will improve in 2022, and SAIC-Volkswagen may rebound, but with the rise of its own brands, it adds some uncertainty to the market.

Among other brands, SAIC GM became the only brand in the group to decline, with first-month sales falling 15.43 per cent to 111007 vehicles. Compared with the joint venture brand, SAIC's independent plate is growing steadily. Among them, SAIC passenger vehicles increased by 18.02% year-on-year to 67564 vehicles, SAIC GM Wuling increased 18.01% to 110057 vehicles, and SAIC Chase increased 25.20% to 21037 vehicles. In addition, SAIC's first-month sales of new energy vehicles rose 25.54 per cent year-on-year to 72236 vehicles. Although the joint venture plate is still the profit source of SAIC, but at present, the group has begun to develop its own sector.

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