Market Chatter: SAIC-GM-Wuling's Global Sales Jump 18% in H1

MT Newswires Live
02 Jul

A joint venture of SAIC Motor (SHA:600104), General Motors, and Liuzhou Wuling Motors said its global sales in the first half jumped 18.3% year on year to 764,544 units, Xinhua reported Wednesday.

SAIC-GM-Wuling's sales of new energy vehicles grew over 50% year on year for six straight months, totaling 413,314 units during the same period. The Hongguang MINIEV brand sold 171,064 units, surging 105.4% from the previous year, the report said.

Exports climbed 17.1% from a year earlier to 125,539 units, with NEV exports surging over 200% for three consecutive months, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10