SAIC-GM-Wuling had NEV retail sales of 457,848 in 2023, ranking fifth in the segment with a 5.9 percent share.
SAIC-GM-Wuling is targeting sales of 700,000 new energy vehicles (NEVs) in 2024, the company said today in a post published on its WeChat account.
SAIC-GM-Wuling’s all vehicle sales in 2023 were 1.403 million units, it said, without disclosing sales figures for NEVs.
Separately, according to China Passenger Car Association (CPCA) figures, SAIC-GM-Wuling’s retail sales of NEVs in 2023 were 457,848 units, up 3.6 percent from 442,118 in 2022.
This put SAIC-GM-Wuling in fifth place among the top NEV retail sellers, with a 5.9 percent share. The top four automakers with the highest NEV retail sales in 2023 were:
BYD, first, with 2,706,075 retail sales and a 35.0 percent share.
Tesla China, second, with retail sales of 603,664 and a share of 7.8 percent.
GAC Aion, third, with retail sales of 483,632 and a 6.3 percent share.
Geely, fourth, with retail sales of 469,427 and a 6.1 percent share.
SAIC-GM-Wuling is a joint venture between SAIC, General Motors and Liuzhou Wuling Motors, headquartered in Liuzhou, Guangxi Zhuang Autonomous Region, in southwestern China.
It sells vehicles built on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV, and Air EV.
In addition to these all-electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs, and van models.
SAIC-GM-Wuling is primarily targeting the lower end of the market, with its NEV models starting at as low as RMB 32,800 ($4,570).
($1 = RMB 7.1712)
