- Advertisement -

SAIC Motor sales up 12% in 2011

Reading Time: < 1 minutes

More News Like This Even Faster?

Priority News Access

Car Database

Calendar of Upcoming Events

Chinese EV Sales Data

SAIC Motor, China’s largest publicly traded automaker, said it sold 4.01 million vehicles in 2011, up 11.9 percent from a year ago. The sales growth was much higher than the around 3 percent growth for the whole industry in the world’s largest auto market.

Following 32-percent growth in 2010, China’s auto market saw much slower growth this year after scrapping small-car tax incentives and imposing purchase restrictions in Beijing.

Shanghai Mayor Han Zheng urged the carmaker to have its own core technology and brands to build itself into a competitive transnational company.

The Shanghai-based SAIC Motor has set up research and development (R&D) centers in Shanghai, Nanjing and Britain’s Birmingham with a 2,000-member-strong R&D team, according to a press release.

The partner of Volkswagen and General Motors also said in the statement that it expects to unveil an own-brand plug-in hybrid car and an own-brand electric car next year.

Via: ChinaDaily.

Exclusive Content & Car Database

Try Our New Product. Priority Access, Chinese EV Sales & Car Database, or List Of Upcoming Events. Great For Journalists, Investors, Consultants or anyone who likes Chinese EVs.

News instantly?

Get notified about every news in your phone.

- Advertisement -

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -