SAIC has sold 4.01m vehicles in 2011, a growth of 11.9% from 2010, reports Xinhua news agency.

The report added that the company will launch a plug-in hybrid car and an electric car in 2012.

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To improve the company’s innovation capabilities, SAIC set up research and development centers in Shanghai, Nanjing and Birmingham.

The growth in sales comes at a time, when auto sales in China slowed down after a record 32% growth in 2010.

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