- SAIC Passenger Vehicle surpassed 1 million cumulative sales in early November as NEV momentum and rising monthly volumes pushed the company into fifth place among Chinese independents.
- SAIC wholesaled 991,400 narrow-sense passenger vehicles January–October 2026, up 43.8% year-on-year, with NEV sales rising 157.6% and NEV penetration reaching 61.7% in October.
- Direct rivals include BYD, Geely, Chery and Changan, but execution risks persist around sustaining NEV supply, maintaining delivery cadence for hit models, and margin pressure from rapid volume expansion.
On November 11, SAIC Motor’s passenger vehicle unit announced that cumulative sales across its complete vehicle lineup officially surpassed the 1 million unit mark in early November.
According to data from CPCA, SAIC Passenger Vehicle wholesaled 991,400 narrow-sense passenger vehicles from January to October 2026, up 43.8% year on year, ranking fifth among automakers by wholesale volume.
With sales continuing to rise in early November, SAIC Passenger Vehicle became the fifth Chinese independent-brand passenger vehicle maker to surpass 1 million units in sales this year.
In the industry rankings, four other Chinese automakers had already crossed the 1-million-unit threshold in the first 10 months: BYD, Geely, Chery and Changan.
Their wholesale volumes were 3.5584 million, 2.5326 million, 2.4103 million and 1.0947 million vehicles, respectively, representing year-on-year changes of -2.7%, +2.2%, +9.5% and -26%.
SAIC Passenger Vehicle has recorded significant sales growth over the past two years. Its full-year sales rose from 707,000 units in 2024 to 886,000 in 2025.
Sales in the first 10 months of this year have already exceeded its total for all of 2025.
Since April 2026, the company has consistently sold more than 100,000 vehicles a month for seven consecutive months.
New energy vehicles have been a major driver of this growth. SAIC Passenger Vehicle’s NEV sales rose 157.6% year on year in the first 10 months.
Monthly figures show that the NEV penetration rate increased from 36.4% in January to 61.7% in October.
This indicates that NEVs have evolved from an incremental source of growth into the mainstay of the company’s sales.
At the brand level, Roewe and MG are currently its two main product lines.
The Roewe Jiayue 07 went on sale on October 23. According to official figures, it secured more than 10,000 firm orders within 1 minute and 53 seconds of launch and recorded 5,000 deliveries in its first week.
MG has also continued to expand its sales in the new energy sedan market.
The MG 07 went on sale on August 21, delivering 14,577 units in its first month and 12,393 in October, staying above 10,000 units for two consecutive months.
The MG 4 has also provided a steady contribution to the brand’s sales.
Its cumulative global sales have exceeded 525,000 units, while domestic sales reached 15,503 in October.
The model has recorded monthly sales of more than 10,000 units for 13 consecutive months.
For SAIC Passenger Vehicle, models such as the MG 4 are sustaining sales volumes in China while maintaining the MG brand’s product presence in overseas markets.
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