Source: SAIC-GM-Wuling

    SAIC-GM-Wuling, which has a bright future in the new energy vehicle market, announced its "report card."

    In 2020, SAIC-GM-Wuling's annual sales exceeded 1.6 million vehicles, a year-on-year decline of 3.61%. However, the company's new energy vehicle products, the annual cumulative sales increased by 190% year-on-year to 174 million units, and maintained a month-on-month growth for 10 consecutive months. "China's Small Pure Electric Passenger Vehicle Travel Big Data Report" shows that SAIC-GM-Wuling's small pure electric passenger vehicles have a market share of 51%.

    Among them, the most eye-catching is Wuling Hongguang MINI EV. This A00-class pure electric vehicle has accumulated sales of 127,600 units in 2020, becoming the top sales of new energy vehicles for three consecutive months, with the highest single-day sales reaching 2,000 units. In November 2020, Hongguang MINI EV sales reached 36,000 units, surpassing Tesla Model 3 by 10,000 units.

Hongguang MINI EV Source: SAIC-GM-Wuling

    Due to hot sales, the share price of "Wuling Auto", a component supplier of SAIC-GM-Wuling, which is listed on the Hong Kong stock market, soared. Since June 1, 2020, Wuling Motor's share price has risen by 1719%. Based on the previous market performance of SAIC-GM-Wuling Baojun 730 and other explosive products, it is expected that Wuling Hongguang MINI EV will maintain a high growth rate for about one year. CICC previously estimated that Wuling Hongguang MINI EV may contribute 150,000 units in 2021.

    On the whole, the Wuling brand has sold 1,177,500 vehicles in the whole year, maintaining a year-on-year growth for 9 consecutive months. In addition to the "dark horse" Hongguang MINI EV, the "big four-seater family car" Wuling Capgemini, which was launched in the fourth quarter of this year, also achieved good results. According to official data, 22,500 units of the model were sold in the first two months of its launch, and cumulative orders exceeded 50,000 units.

    The new Baojun brand, which accelerates its intelligent transformation, will have a cumulative sales of 154,000 vehicles in 2020, a year-on-year increase of 70%. At present, Xinbaojun has successively launched RS-5, RM-5, RC-6, RS-3, E300, RC-5/RC-5W and other models, realizing the ability to support cars, SUVs, MPVs and pure electric new energy. Coverage of market segments.

    In terms of exports, in 2020, SAIC-GM-Wuling will export complete vehicles and spare parts to 40 countries in South America, Africa, the Middle East and Southeast Asia, with a cumulative sales of 77,376 units/set, which is the same as the previous year; in 2020, the cumulative sales revenue in overseas markets is 3.46 billion yuan.