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  SAIC was the first to release its semi-annual report, with a nearly 40% drop in net profit.

  On August 27, SAIC disclosed its results for the first half of 2020. According to the report, SAIC's operating income in the first half of the year was 271.52 billion yuan, down 25.39% from the same period last year; the net profit belonging to shareholders of listed companies was 8.394 billion yuan, down 39.01% from the same period last year. SAIC's sales declined significantly, falling 30.24% in the first half to 2049116 vehicles. Its three joint venture brands SAIC-Volkswagen, SAIC-GM and SAIC-GM Wuling are the main sources of profit for SAIC Group. The year-on-year decline in sales failed to prop up the "profit paradise". Specifically, SAIC Volkswagen,.

  SAIC Group 2020-08-27
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  Big adjustment! Sales of joint venture brands have plummeted

  Today, the Federation released a ranking of manufacturers' sales in March. Judging from the ranking of automobile companies, the top selling position of domestic manufacturers is still FAW-Volkswagen, but six of the top 10 car companies have fallen by more than double digits, namely FAW-Volkswagen, SAIC-Volkswagen, Great Wall Motor, SAIC-GM Wuling, SAIC-GM, Dongfeng Nissan, with SAIC-GM having the highest decline, followed by FAW-Volkswagen. In the independent camp, BYD has soared again. Specifically, in March 2022, three car companies sold more than 100,000 vehicles, namely FAW-Volkswagen, Chang'an Automobile and BYD. First of all, let's take a look at the joint venture brand, in the joint venture brand, tradition.

  Toyota 2022-04-12
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  Volkswagen fell another 15%, SAIC brands announced sales in May

  SAIC, the leader of Chinese cars, is the first to release May sales figures. According to KuaiBao, SAIC sold 473100 vehicles in May, down 1.63 per cent from 480900 in the same period last year, down 1.63 per cent from 1.5697 million in January-May and 36.47 per cent lower than 2.4708 million in the same period last year. Among all the brands of SAIC, SAIC-Volkswagen, SAIC-GM and SAIC-GM Wuling provide most of the sources of sales, among which SAIC-Volkswagen can be said to be the "profit cow" of SAIC. However, since the outbreak of the epidemic, SAIC Volkswagen's sales have been very.

  SAIC Group 2020-06-05
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  Retail sales list of passenger car companies in February

  According to the latest data from the Federation of passengers, retail sales in the domestic narrow passenger car market were 1.389 million in February 2023, an increase of 10.3% year-on-year and 7.4% month-on-month. The Federation said that retail sales achieved a positive growth of 7.5% month-on-month in February, which was affected by comprehensive factors such as the Spring Festival and policy withdrawal.

  Car Dongfeng growth sales brand market subsidy Toyota model Great Wall Volkswagen retail largest Biya family 2023-03-10
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  SAIC announced August sales, SAIC-Volkswagen and SAIC-GM "failed" again.

  SAIC released the latest sales figures, showing that total car sales in August were 504236, down 3.57 per cent from 486858 in the same period last year. The cumulative vehicle sales from January to August were 3010910, down 22.08 per cent from 3863948 in the same period last year. SAIC has grown for three months in a row since June, but the current situation for its "profit cow" brands SAIC Volkswagen and SAIC GM is not optimistic, with the two brands falling to varying degrees in August. Based on this, SAIC's sales volume still fell by 20% in the previous August.

  SAIC Volkswagen 2020-09-05
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  SAIC made a profit of 25.6 billion yuan in 2019, falling for the first time in a decade.

  According to the 2019 annual report released by SAIC on the 14th, SAIC's total revenue in 2019 was 843.324 billion yuan, down 6.53 percent from the same period last year, and the net profit belonging to shareholders of listed companies was 25.603 billion yuan, down 28.90 percent from the same period last year. This is the first decline in annual profits since SAIC went public 10 years ago. As for the reasons for the decline in profits, SAIC said that "the automobile industry is generally not as expected, and the domestic automobile market is affected by the combination of economic growth and industry policy factors." SAIC has seen its profits decline for the first time, with sales of joint ventures.

  SAIC Volkswagen SAIC 2020-04-14
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  SAIC's market capitalization has been severely criticized by shareholders! Executive: Mercedes-Benz and BMW are not as good as the new power of building cars

  As we all know, SAIC is the largest automobile group in China, with brands such as SAIC-Volkswagen, SAIC-GM, SAIC-GM Wuling, SAIC Roewe, SAIC Mingjue, SAIC R, SAIC Chase, SAIC Iveco and other brands, covering passenger and commercial vehicle markets. Data show that SAIC sold 5600482 vehicles in 2020 and 1968664 from January to May in 2021. It can be said that SAIC is the largest auto company in the domestic market, and it is also among the top 10 in the global auto market. However, the share price of such a company has been depressed.

  SAIC Group 2021-07-01
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  Year-on-year increase of 85%, SAIC Volkswagen sales announced

  According to the latest data released by SAIC, the group's sales increased by 43.74% year-on-year to 506700 vehicles in July 2022, and cumulative sales increased by 3.44% to 2.7411 million vehicles from January to July. Among them, as a profit cow, SAIC Volkswagen's sales increased by 85.17% in July compared with the same period last year.

  Volkswagen sales growth groups brands SAIC models impact data new cars cars profits epidemic Wuling brand new 2022-08-07
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  The market has changed! German and Japanese market share falls below 20%

  According to the latest data from the Federation of passengers, sales in the domestic narrow passenger car market in October 2022 were 1.84 million, up 7.3% from the same period last year and 4.3% lower than the previous month. This is the first time that the Chinese market has experienced a month-on-month decline since 2013. In addition, from January to October 2022,

  Car Brand sales Market Biya growth Volkswagen FAW-Volkswagen share again car use Union High-end China Dongfeng 2022-11-09
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  SAIC's examination results are not satisfactory, and its sales fell 11.5% in 2019 compared with the same period last year.

  On January 9, SAIC officially released production and sales of KuaiBao in December 2019. Figures show that SAIC sold 6.2379 million vehicles last year, down 11.54% from the same period last year, and 697700 vehicles in December 2019, up 5.75% from the same period last year. In 2019, due to the severe automobile market, the macro-economic downturn and the decline of new energy vehicle subsidies, the sales volume of the automobile market showed a depressed trend. Based on the forecast of the domestic auto market, SAIC adjusted its sales target for 2019 to 6.5 million vehicles in its financial results for the first half of 2019, compared with the beginning of the year.

  SAIC Group 2020-01-09
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  SAIC Group Financial report, SAIC Volkswagen contributed 10 billion yuan in profit

  On the last working day of April, SAIC disclosed its annual financial report as scheduled. The data show that SAIC's total operating income in 2021 was 779.85 billion yuan, an increase of 5.1% over the same period last year; the net profit belonging to shareholders of listed companies was 24.53 billion yuan, an increase of 20.1% over the same period last year.

  Group SAIC net profit Automotive growth Business sales Volkswagen Company Brand Market Revenue Shanghai Wuling 2022-04-30
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  With the target of 6 million unchanged, SAIC will launch dozens of new energy vehicles.

  On the afternoon of May 20, SAIC held its annual general meeting of shareholders in 2021. SAIC pointed out that although the chip shortage this year has improved compared with last year, it is still in a state of tight supply on the whole. At a time when the epidemic is repeated and the supply chain is still unstable, auto companies are still sparing no effort to grab chips. Plus

  Group SAIC sales automobile growth brand company data epidemic model industry product chip Volkswagen supply 2022-05-21
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  The annual sales ranking of manufacturers has been announced, and six car companies have declined.

  According to the latest data released by the Federation of passengers, the retail volume of domestic narrow-sense passenger cars in 2020 was 19.288 million, down 6.8% from the same period last year; in December 2020, the retail volume of narrow-sense passenger cars was 2.288 million, up 6.6% from the same period last year. On January 11, the ranking of passenger car manufacturers' sales volume in 2020 was officially announced. The market performance of the top ten car companies has its own joys and sorrows, and the overall change is relatively large. The top three auto companies in terms of sales are FAW-Volkswagen, SAIC-Volkswagen and SAIC-GM. Among the three auto companies, only FAW-Volkswagen has achieved growth, while SAIC-Volkswagen and SAIC-GM have all declined. FAW-Volkswagen owns Jetta, Volkswagen and Austria.

  SAIC Volkswagen 2021-01-11
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  "take a lead and start the whole body"! Sales of car companies plummeted as a result of the epidemic in Shanghai

  According to the calculation of the China Association of Automobile Manufacturers (CAA), China's automobile sales are expected to be 1.171 million in April 2022, down 47.6% from the previous month and 48.1% from the same period last year. According to the preliminary statistics of the Joint Association of passenger car Market Information (hereinafter referred to as "CAA"), retail sales in the national passenger car market in April

  Cars consumption epidemic sales dealers China impact New cars Wholesale Market Consumer Retail supply car purchase New Energy 2022-05-09
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  SAIC announced its sales in September, Volkswagen became the only declining brand.

  On Oct. 12, SAIC released the latest data showing that car sales in September 2020 were 602318, up 9.51% from a year earlier, while cumulative sales in the first three quarters were 3613228, down 18.14% from a year earlier. SAIC has grown for four consecutive months since June, but the sales performance of its "profit cow" brand SAIC Volkswagen is worrying, with only SAIC Volkswagen declining among SAIC's mainstream brands. Based on this, SAIC's cumulative sales decline in the first three quarters is still nearly 20%. Enter the third quarter, benefit from the policy that stimulates automobile consumption one after another, and each.

  SAIC SAIC-Volkswagen SAIC-GM SAIC-GM Wuling 2020-10-12
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  The performance list of domestic automobile enterprises was released, and revenue and profit fell collectively in the first half of the year.

  Entering 2020, China's automobile market continues to be in the doldrums further, coupled with the irreparable losses caused by the COVID-19 epidemic, the sales volume of domestic car companies has dropped sharply compared with the same period last year, and the decline in operating income and net profit has become a common phenomenon. however, with the improvement of consumption level after the epidemic, the performance of car companies has also begun to pick up. According to a number of listed car companies disclosed in the 2020 interim results summary statistics (ranked according to the level of operating income), more than 90% of car companies have a double decline in revenue and profit, even SAIC is inevitable. Judging from the list, the top five car companies are SAIC, BYD and Dongfeng set.

  BYD SAIC 2020-08-29
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  Full list of car manufacturers' sales in August 2020

  Sales in the domestic narrow-sense passenger car market rose 8.9 per cent to 1.703 million vehicles in August from a year earlier, the strongest positive growth since May 2018, and cumulative sales fell 15.2 per cent to 11.015 million vehicles from January to August compared with the same period last year, according to the Federation of passengers. The decline in sales by major car companies narrowed further. Combined with the sales data of previous months, under the influence of consumer consumption level and various policies to boost the market, a number of car companies still showed double-digit growth in the off-season in August, of course, some car companies are still unable to withstand the downward trend. For example, in the top 30 car companies, including SAIC Volkswagen, SAIC General Motors, North.

  FAW Volkswagen SAIC Volkswagen 2020-09-13
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  The latest retail volume list of domestic manufacturers, FAW-Volkswagen fell by nearly 40%

  According to the latest report released by the Federation of passengers on Sept. 8, retail sales of narrow passenger cars in August 2021 were 1.453 million, down 14.7% from a year earlier, and the cumulative retail volume from January to August in 2021 was 12.9 million, up 17.1% from a year earlier. Judging from the data, domestic narrow passenger cars have declined for four consecutive months compared with the same period last year, although the cumulative retail volume is still growing compared with the same period last year, but showing a state of contraction. From the narrow passenger car manufacturers' retail sales data released by the Federation of passengers, the sales volume of most car companies in the top 15 rankings dropped sharply, especially FAW-Volkswagen, SAIC-Volkswagen, SAIC General Motors, Guangzhou Automobile Toyota and so on.

  FAW-Volkswagen 2021-09-08
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  According to the list of retail sales of domestic manufacturers in July, FAW-Volkswagen dropped 37%.

  The latest report released by the Federation of passengers showed that retail sales of narrow passenger cars in July 2021 were 1.5 million, down 6.2% from a year earlier, and cumulative sales from January to July in 2021 were 11.445 million, an increase of 22.9% over the same period last year. Judging from the retail sales data of narrow passenger car manufacturers released by the Federation of passengers, sales of many car companies in the top 15 rankings have declined to varying degrees, especially mainstream automakers such as FAW-Volkswagen, SAIC-Volkswagen, SAIC-GM, Dongfeng Nissan, and so on. Judging from the list, the top three car companies are still FAW-Volkswagen, SAIC General Motors and SAIC Volkswagen.

  FAW-Volkswagen SAIC Volkswagen SAIC GM 2021-08-11
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  SAIC-Volkswagen profit has dropped by 80%!

  On the last working day of August, SAIC disclosed its annual financial report as scheduled. The data show that the total operating income of SAIC in the first half of 2023 was 326.55 billion yuan, an increase of 3.34% over the same period last year; the net profit belonging to shareholders of listed companies was 7.09 billion yuan, an increase of 2.54% over the same period last year

  Brand sales Group SAIC growth Volkswagen Company net profit net profit models New Energy sales Automobile impact car use 2023-09-01