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netcom news on august 29, saic motor released its 2024 semi-annual report. during the reporting period, facing the industry's deep internal competition and overseas expansion under pressure,saic group achieved a consolidated total operating revenue of 284.69 billion yuan and a net profit attributable to shareholders of listed companies of 6.63 billion yuan.

in terms of sales,in the first half of this year, saic motor sold 1.827 million vehicles in batches and delivered 2.115 million vehicles to customers. among them, saic motor delivered 524,000 new energy vehicles to customers, up 29.9% year-on-year; and 548,000 vehicles to customers in overseas markets, up 12.7% year-on-year.

saic group said that in combination with the national and local "old for new" subsidy policies, through market promotions, value-preserving repurchases, financial incentives and other marketing "combination punches", saic has worked hard to activate consumer demand and focus on terminal retail. in the first half of the year, sales were nearly 300,000 units higher than wholesale sales, and channel inventory pressure was alleviated. at the same time, the company has successively launched a number of new energy blockbuster products such as zhiji l6, roewe d5x, buick gl8 plug-in hybrid, and saic volkswagen id. family has repeatedly sold more than 10,000 units per month. by increasing the development of the new energy market and seizing the opportunity of structural market growth,from january to june, saic's terminal deliveries of new energy vehicles reached 524,000 units, a year-on-year increase of 29.9%.

in the overseas market, in the first half of this year, saic worked hard to consolidate its base markets in western europe and south america, accelerate the expansion of emerging markets such as eastern europe, and continue to improve the construction of its overseas service system.terminal deliveries in overseas markets reached 548,000 vehicles, a year-on-year increase of 12.7%.

in response to the eu anti-subsidy investigation, saic actively conducted legal defense by submitting questionnaires, writing defenses, stating opinions at special hearings, and providing thousands of documents and written evidence.

it is worth mentioning thatthe main product with technical indicators that are ahead of japanese competitorsMG3 HEV, has been launched in europe and is expected to make a breakthrough in the a-class car market. recently, jia jianxu, president of saic motor, made it clear that "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.”。

in terms of technology, saic motor has been accelerating the mass production of industry-leading technologies such as dmh super hybrid, full-stack 3.0 smart car solutions, vehicle central coordinated motion control platform (vmc), and solid-state batteries since this year. in may, roewe d5x dmh was officially launched. in june, sai ke mobility and youdao zhitu were awarded the first batch of national autonomous driving licenses. saic became the only automaker to obtain two licenses and plans to achieve small-scale mass production and commercial ecological operation of l3 (conditional autonomous driving) technology in the near future.

recently, zhiji city noa has successfully launched the "national map". it is reported that the application of vmc technologythe all-new zhiji ls6 will debut at the chengdu auto show；the zhiji l6 equipped with lightyear solid-state batteries will soon be officially delivered to users, with a range of more than 1,000 kilometers.in addition, saic also signed an agreement with the foreign joint venture partner to deepen technical cooperation and jointly develop a number of pure electric and hybrid products for the chinese market.

(photo/text: wei wei from netcom)