SAIC Motor Group's net profit is projected to grow by 507% by 2025, with independent brands becoming the core engine.

Source: Shanghai Securities Journal · China Securities Journal

Shanghai Securities News, China Securities Journal (Reporter Yu Liyan) — On the evening of April 1, SAIC Motor released its 2025 annual report. In 2025, facing the dual challenges of intensified market competition and accelerated technological transformation, SAIC Motor deeply practiced the innovative development strategy of “Equal rights-driven advancement and co-creating a better mobility experience,” adhering to the user concept of “Knowing cars, but knowing you better,” unwaveringly deepening reforms, fully exploring the market, and achieving comprehensive growth in sales, revenue, and profits.

In 2025, SAIC Motor achieved vehicle sales of 4.51M units, a year-on-year increase of 12.3%, with a market share of 13.1%, up 0.3 percentage points year-on-year; the full year’s consolidated operating revenue reached 656.24 billion yuan, a 4.6% increase; net profit attributable to shareholders of the listed company was 10.11 billion yuan, a 506.5% increase; net profit attributable to shareholders after deducting non-recurring gains and losses was 7.42 billion yuan, turning losses into profits year-on-year. The company’s operations have stabilized and bottomed out, with a faster recovery in performance, and the high-quality development trend continues to consolidate.

During the reporting period, SAIC Motor comprehensively deepened reforms, with independent brands taking the lead, and joint venture brands accelerating renewal. In 2025, sales of SAIC’s independent brands reached 2.93M units, a 21.6% increase, accounting for 65% of the company’s total sales, an increase of about 5 percentage points year-on-year. Independent brands have become the core engine of the group’s development.

The growth of independent brand performance stems from SAIC Motor’s continuous market- and user-oriented transformation. In 2025, SAIC Motor further promoted the transformation of its passenger car and commercial vehicle businesses, further integrating product definition, design and R&D, marketing, and other full-chain processes, accelerating market response speed, and actively exploring new energy and overseas markets.

Regarding SAIC’s joint venture sector, SAIC Volkswagen and SAIC General Motors combined global brand genes and deeply integrated Chinese intelligent electric technology, launching new mid-to-high-end intelligent electric models such as AUDI E5 Sportback and Buick Zhijing L7, accelerating the pace of intelligent electric transformation. SAIC General Motors’ sales increased by 23% year-on-year, SAIC Volkswagen ranked among the “Million Club” for annual sales, and the joint venture 2.0 strategy is accelerating implementation.

In the new energy vehicle sector, in 2025, SAIC Group’s new energy vehicle sales reached 1.64M units, a 33.1% increase, surpassing the national average growth rate of new energy vehicles by nearly 5 percentage points, setting a new record for the business. Among them, sales of independent brand new energy vehicles approached 1.5 million units, a nearly 50% increase. The launch of new models such as MG4, Roewe M7, IM LS6/LS9, Wuling Bingo S, and Maxus D90 achieved full coverage across all categories and price ranges, from entry-level to high-end, from pure electric to hybrid.

In overseas markets, in 2025, SAIC Group officially released its Overseas 3.0 strategy, upgrading from “product going abroad” to “value chain going abroad.” The company’s overseas business maintained steady growth, with exports and overseas market sales reaching 1.07M units for the year, a 3.1% increase, and cumulative overseas sales exceeding 6 million units.

In cross-border co-creation, SAIC Group partnered with Huawei to launch the “Shangjie” brand, with the first product Shangjie H5 quickly becoming a mainstream model in the domestic 150k-200k yuan market segment; collaborated with OPPO to create a new generation of intelligent cockpit “Smart Car Interconnection,” seamlessly integrating digital life into the vehicle’s smart mobility space; and teamed up with Doubao to launch an AI vehicle system with the “most human-like” interaction capability, providing users with a new human-machine interaction experience that can reason, think, and understand emotions.

SAIC Group states that in 2026, it will focus on the main tracks of intelligence and electrification, with technological innovation as the core driving force, cultivating and expanding new quality productivity. Independent and joint venture brands will launch more than 20 new models within the year, covering mainstream to high-end market segments, steadily progressing toward the new goals of “product appeal, technological strength, and mechanism vitality.”