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phoenix auto news: on august 29, saic motor released its 2024 semi-annual report. faced with the industry's deep internal competition and the pressure of overseas expansion, saic motor actively responded to risks and challenges, strengthened its business development foundation, and achieved a consolidated total operating income of 284.69 billion yuan and a net profit attributable to shareholders of listed companies of 6.63 billion yuan.

in the first half of this year, saic motor sold 1.827 million vehicles in wholesale sales, while terminal deliveries reached 2.115 million vehicles, showing its strong performance in the terminal market. in order to stimulate consumer demand, saic motor combined the national and local "old for new" subsidy policies and made efforts to grasp terminal retail through a series of marketing measures such as market promotion, value-preserving repurchase, and financial incentives. these measures made terminal deliveries in the first half of the year nearly 300,000 vehicles higher than wholesale sales, effectively alleviating channel inventory pressure.

in the field of new energy vehicles, saic motor has launched a number of blockbuster products, including zhiji l6, roewe d5x, buick gl8 plug-in hybrid, etc., to meet the market demand for new energy vehicles. in particular, the saic volkswagen id. family has repeatedly achieved monthly sales of over 10,000. by increasing its efforts to develop the new energy market, saic motor has seized the opportunity of structural growth in the market. from january to june, the terminal delivery volume of new energy vehicles reached 524,000 units, a year-on-year increase of 29.9%.

at the same time, saic motor's performance in overseas markets is also very impressive. in the first half of the year, the terminal delivery volume in overseas markets reached 548,000 vehicles, a year-on-year increase of 12.7%.

saic motor has taken active measures to deal with the eu's anti-subsidy investigation. the company has provided thousands of documents and written evidence for legal defense through various means such as submitting questionnaires, written defense, and presenting opinions at special hearings. in addition, mg3 hev has been launched in europe and is expected to make a breakthrough in the a-class car market.

jia jianxu, president of saic motor, recently said: "saic's sales in europe this year will not be lower than last year. the enthusiasm for hev products is beyond our imagination. some orders will not be delivered until the first quarter of next year."