Latest news with #SGMW
The Star
01-07-2025
- Automotive
- The Star
GM China joint venture reports strong H1 sales, export growth
NANNING, July 1 (Xinhua) -- SAIC-GM-Wuling (SGMW), a joint venture between SAIC Motor, General Motors and Liuzhou Wuling Motors, has said that its global sales rose 18.3 percent year on year to 764,544 units in the first half of 2025, fueled by robust demand for new energy vehicles (NEVs) and surging exports. NEV sales totaled 413,314 units during the period -- six consecutive months of over 50 percent year-on-year growth. Exports totaled 125,539 units or sets from January to June, up 17.1 percent from the year before, with NEV exports soaring more than 200 percent for three straight months. Among NEV brands, the Hongguang MINIEV family achieved sales of 171,064 units in the first half of the year, representing year-on-year growth of 105.4 percent. Since its market launch in July 2020, cumulative sales have surpassed 1.6 million units. The automaker, which has entered markets across 104 countries and regions, including Central America, South America, the Middle East, Africa and Southeast Asia, saw its 3-millionth NEV rolled off the production line in Indonesia on May 23. SGMW signed a strategic cooperation agreement with its partners in Uzbekistan in January. In June, the company exported its first Brazil-bound vehicles, exploring local assembly partnerships. SGMW is based in the city of Liuzhou, south China's Guangxi Zhuang Autonomous Region.
Yahoo
05-06-2025
- Automotive
- Yahoo
Why Are Chinese NEVs Gaining Attention in Southeast Asia?
BEIJING, June 5, 2025 /PRNewswire/ -- Finding Answers in China from In 2024, global sales of electric cars exceeded 17 million for the first time, marking a 26% year-on-year growth. Chinese new energy vehicles (NEVs) have emerged as a major driving force for global growth, accounting for over 70% of shares in the international market. In recent years, Chinese automakers like SGMW are accelerating in cultivating new quality productive forces. They have established "China model" for high-quality development of the NEV industry. What is the research and production process behind Chinese-made NEVs? What innovative manufacturing secrets lie inside the auto factories? Why could China achieve a leap-forward development in the NEV sector, topping the global list in NEV output and sales? In a conversation with front-line workers and technical experts at SGMW's factory, CICG's Thai host Zhang Ailing finds out the answer. Why Are Chinese NEVs Gaining Attention in Southeast Asia? View original content to download multimedia: SOURCE
