SAIC Motor Corporation (600104.SH): Car sales in the first quarter reached 945,000 units, a year-on-year increase of 13.3%.

In the first quarter of 2025, SAIC Motor Corporation (600104.SH) sold a total of 945,000 vehicles, an increase of 13.3% year-on-year. The cumulative deliveries to end customers exceeded 1.08 million, and channel health continued to improve. In March, SAIC sold 386,000 vehicles, an increase of 1.14% year-on-year and a significant increase of 30.8% month-on-month. Since the beginning of this year, SAIC's monthly sales have maintained a continuous upward trend in both year-on-year and month-on-month data, and the recovery of production and sales has further strengthened. In terms of new energy vehicles, a total of 273,000 vehicles were sold from January to March, an increase of nearly 30% year-on-year. In March, sales of new energy vehicles reached 126,000, with growth rates exceeding 40% both year-on-year and month-on-month.