Affected by the off-season of the Spring Festival auto market and the rain and snow in many places across the country, the performance of the new energy terminal market was less than expected. SAIC Passenger Vehicle "does not close during the Spring Festival", fully guaranteed sales services and product delivery, and the cumulative sales of new energy terminals from January to February exceeded 380,000 units, up more than 30% y/y, maintaining steady growth.
The stable and sufficient production capacity support has laid a solid foundation for the steady growth of SAIC Passenger Vehicle in the new energy market. In terms of specific model performance, the sales of Roewe D7 DMH continued to rise, with its market share rising for three consecutive months, and ranking among the top three in the monthly sales list of medium-sized plug-in hybrid sedans in February. The sales volume of the Roewe RX5 series models exceeded 1.05 million units, building a solid market competitiveness with leading quality; The world's first open-top electric sports car MG Cyberster has been ranked among the top 3 sports cars in sales for three consecutive months, ranking first in sports car sales. On February 26, the Geneva Motor Show officially opened, MG brought a number of star models including the world premiere MG3 HEV, the star model MG Cyberster, MG7 and the European compact pure electric sales champion MG4 EV to make a stunning appearance, a strong exhibition lineup to let the world see the new image of Chinese cars.
At the beginning of the Year of the Dragon, SAIC Passenger Vehicle played the 2024 "Endeavor Song" at full speed, and the four production bases of Lingang, Nanjing, Zhengzhou and Ningde started in full swing. 2024 is the year of SAIC's "Three-Year Action Plan for the Development of New Energy Vehicles", and SAIC Passenger Vehicle will accelerate the implementation of SAIC's new energy strategy, gather superior resources, create explosive new products, and provide users with a product experience that exceeds expectations with green technology and excellent quality.