BEIJING, Feb. 1 (Xinhua) -- In spite of the COVID-19 pandemic, major Chinese automaker SAIC Motor Corporation Limited saw its overseas sales soar 11.3 percent year on year to 390,000 units of vehicles in 2020, accounting for more than one third of total overseas sales of Chinese automakers and ranking the first among China's auto enterprises for five consecutive years, reported the People's Daily on last Friday.
In 2020, SAIC Motor's self-owned brand MG sold 230,000 units of vehicles overseas and won the single-brand export champion in China for two consecutive years. In the developed countries in Europe, SAIC Motor's self-owned brands MG and MAXUS sold more than 40,000 units of vehicles, setting a record for Chinese automakers.
During the 14th Five-Year Plan period (2021-2025), SAIC Motor plans to focus on both domestic and overseas market expansion, and sets a goal of selling 1.5 million vehicles per year in overseas markets, accounting for about 15 percent of the group's overall sales.
SAIC Motor also plans to realize a full coverage of entry-level to mid-to-high-end products and enter a profitable period in key overseas markets such as Europe. By 2025, its sales volume in European market is expected to reach 300,000 vehicles with new energy vehicles accounting for 70 percent to 80 percent.
In recent years, SAIC Motor has built a global automotive industry chain integrating R&D, marketing, logistics, manufacturing and finance to provide consumers with localized products and services. The internationalization of SAIC Motor's whole industrial chain has become a solid foundation for it to rapidly expand overseas business.
At present, SAIC Motor's products and services have entered more than 70 countries and regions, established three R&D and innovation centers in London, Silicon Valley, and Tel Aviv, as well as four production bases and KD (Knocked Down) plants in Thailand, Indonesia, India, and Pakistan.
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
A single purchase
