SAIC Motor's May Sales Released: NEV Sales Surge 46.5%; ID.ERA 9X Deliveries Exceed 7,000 Units

On June 1, SAIC Motor officially released its production and sales data for May 2024. Total vehicle sales for the month reached 349,000 units, with cumulative sales from January to May totaling 1.651 million units. Notably, new energy vehicle (NEV) sales hit 182,000 units in May alone — up 46.5% year-on-year — while overseas sales reached 130,000 units, up 32.5% year-on-year, demonstrating strong dual-engine growth momentum.

Self-Owned Brands Continue to Lead, Share Surpasses 70% for First Time

In May, SAIC’s self-owned brand sales totaled 263,000 units, up 14.7% year-on-year — marking five consecutive months of year-on-year growth. Cumulative sales from January to May reached 1.173 million units, up 8.6% year-on-year, accounting for 71.1% of SAIC’s total group sales — a 7-percentage-point increase versus last year. This marks the first time the share has crossed the 70% threshold, signaling a new phase in SAIC’s autonomous development journey.

Breaking it down: SAIC Passenger Vehicles sold 100,000 units in May, up 37.7% year-on-year; cumulative sales from January to May reached 434,000 units, up 42.5% year-on-year. SAIC Maxus sold 26,000 units in May, up 43.7% year-on-year; cumulative sales from January to May totaled 109,000 units, up 24.4% year-on-year. SAIC-GM-Wuling sold 119,000 units in May, and 551,000 units from January to May — maintaining its position among China’s top-tier automakers.

NEV Segment Explodes; ID.ERA 9X Emerges as Key Growth Driver

The NEV segment was the standout performer. In May, SAIC’s NEV sales reached 182,000 units, up 46.5% year-on-year; cumulative sales from January to May totaled 595,000 units, up 13.2% year-on-year. IM Motors delivered 32,000 units from January to May — a staggering 114.6% increase year-on-year. SAIC Passenger Vehicles’ NEV models achieved 174,000 units in the same period, surging 195% year-on-year, with the MG4 — its flagship model — posting over 10,000 units monthly for eight consecutive months, including 15,000 units in May.

Joint ventures also accelerated their electrification pace: SAIC-GM’s NEV sales reached 13,000 units in May, up 75% year-on-year; SAIC-Volkswagen’s NEV sales approached 10,000 units in May, up 34.3% year-on-year. Particularly noteworthy is the newly launched 2026 Volkswagen ID.ERA 9X, whose cumulative deliveries have already surpassed 7,000 units since launch — a pivotal move in SAIC-Volkswagen’s electric transformation.

Overseas Expansion Accelerates; MG’s European Sales Hit 150,000 Units

Overseas markets continued their high-growth trajectory. SAIC’s overseas sales totaled 130,000 units in May, up 32.5% year-on-year; cumulative exports from January to May reached 589,000 units, up 45.9% year-on-year. As SAIC’s flagship export brand, MG performed exceptionally well in its largest overseas market — Europe — achieving 150,000 units from January to May, up 20% year-on-year, further cementing its status as a ‘global calling card’ for Chinese NEVs.

Analysts note that SAIC Motor has now established a three-dimensional growth framework: robust expansion of self-owned brands, comprehensive acceleration of NEV adoption, and deepened overseas market penetration. With volume ramp-up of new EV-platform models like the ID.ERA 9X — alongside synergistic efforts across multi-brand portfolios including IM Motors, Feifan, and MG — SAIC is rapidly transforming from a traditional automaker into a global smart mobility technology company.