Shanghai Automotive sold 283,000 units in February, up 14.3% year-on-year

China's largest auto company - SAIC Motor Co., Ltd. published a production and sales report later on Monday, said that in February, various subsidiaries had achieved sales of 283,382 vehicles, an increase of 14.3% year-on-year, an increase of 35% from the previous month. .

Express reported that Shanghai Automotive sold a total of 699,116 vehicles in the first two months, an increase of 25.87% year-on-year.

According to the report, Shanghai Volkswagen and Shanghai GM, two major automakers of SAIC Motor, continued to maintain relatively rapid growth in February. In that month, they sold 80,015 vehicles and 79,288 vehicles, an increase of 32.5% and 36.28% respectively. However, SAIC-GM-Wuling Motors, which specializes in mini cars, dropped 7.7% year-on-year to 101,892 vehicles.

Shanghai Volkswagen is a joint venture between SAIC and Volkswagen AG. In the previous February, it sold a total of 193,015 vehicles, an increase of 50.10% over the same period of last year. Shanghai General Motors, a joint venture between SAIC Motor and General Motors, sold 212,071 vehicles in February, a year-on-year increase of 42.92. %.

Shanghai Automotive Passenger Vehicles, which is responsible for its own brand production under SAIC Motor, sold 31,322 vehicles in the first two months, an increase of 24.92% year-on-year.

Shanghai Auto's major events related to the company's plan for the company's parent company have been suspended for a consecutive period since February 14th and closed at 18.45 yuan on the previous trading day.

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