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29 August 2025

Daily Newsletter

29 August 2025

SAIC revenues rise 5% in H1

Deliveries rise by 12%, driven by strong demand for its in-house brands.

David Leggett August 29 2025

SAIC Motor reported a 5.2% increase in global revenues to CNY 299.6 billion (US$ 42 billion) in the first half of 2025, reflecting a 12.4% year-on-year rise in global vehicle deliveries to 2.053 million units.

The Chinese state-owned automaker’s net profit attributable to shareholders amounted to CNY 6.02 billion, while adjusted net profit surged fivefold year-on-year to CNY 5.43 billion. Operating cashflow increased by 86% to just over CNY 21 bn in this period.

SAIC Motor said its strong performance came as a result of recent structural reforms at the company, as well as improved domestic market conditions. Sales rose throughout the six-month period, driven by strong demand for its in-house brands, with sales rising by 21% to 1.3 million units, accounting for almost two-thirds of total deliveries. Sales of new energy vehicles (NEVs) surged by 40% to 646,000 units, while overseas sales were just 1.3% higher at 494,000 units – with sales of the MG brand in Europe rising by 16% to 153,000 units.

SAIC Motor said it pushed ahead with internal restructuring, with greater integration of its in-house passenger and commercial vehicle brands helping to improve efficiency. Costs have also been reduced and product development cycles shortened to just 18 months with the help of Huawei Technologies' IPD (Integrated Product Development) and IPMS (Integrated Product Marketing and Sales) systems, according to reports.

SAIC Motor further strengthened its ties with Huawei, following the launch of their jointly-owned Shangjie brand earlier this year, with their first jointly-developed model scheduled to be launched in September.

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