SAIC Motors, China’s largest automaker and partner in Volkswagen and GM joint ventures, may sell more than 2m vehicles this year, up sharply from its previous target if the country’s economy remains on track, its chairman said on Tuesday.
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SAIC’s vehicle sales jumped roughly 26% to 1.39m units in the first five months of 2009, as Beijing’s stimulus policies drew buyers back into showrooms, data from the company showed, according to Reuters.
“Our vehicle joint ventures all did well during the period, while average monthly sales of our self-developed cars exceeded 6,000 units,” chairman Hu Maoyuan told a shareholders’ meeting.
When asked if the automaker could challenge the 2m mark for the full year, Hu said: “It’s possible if there are no major changes in the economy.”
SAIC had set a conservative sales target of 1.8m units this year, slightly lower than 1.83m in 2008.
“The target was based on the market situation in the second half of 2008, but we have seen a big improvement thanks to the government’s new policies,” Hu was quoted as saying.
