SAIC Motor, manufacturer and owner of MG Motor, sold 5.6 million vehicles in 2020 occupying first place in China for the past 15 years. South America is one of the markets where the company aims to keep expanding.
February 2021.- During 2020, foreign sales of SAIC Motor totaled 390,000 units. A year-to-year increase of 11.3%. The Asian-origin company, which has its regional office in Chile, set as an objective to export 1.5 million vehicles by the end of 2021-25 period, which represents around 15% of total sales.
The automobile manufacturer, owner of MG Motor, expects more growth in emerging markets such as the South African, and benefits in the European market. For the last one, it aims to export 300,000 vehicles by 2025 where 70% and 80% would be based on new technologies (NEV).
For global markets, the company has established an industrial automotive chain that involves research and development (R&D), marketing, logistics, auto parts, manufacturing, and finances, providing a solid ground to expand operations abroad.
Portfolio growth
For the 2016-2020 period, SAIC Motor invested more than USD $9,3 billion in research and development, making NEV and the intelligent connected vehicles (ICV) into their competitive assets.
Thanks to these years of development (investing in research centers in London, Silicon Valley and Tel Aviv), in 2020 the company sold a record of 2.6 million vehicles of their own brand, including: MG Motor, Maxus, Roewe, Yuejin, Wuling, Baojun, Yongyan and Sunwin, which represents 46.4% of their total sales.
SAIC Motor new energy vehicle’s (NEV) sales experienced a year-to-year increase of 73.4% to 320,000 that year which represents the fastest growth rate and highest selling figures in China.
Among its portfolio you can find the successful MG ZS EV, awarded 5 stars at EuroNCAP, that arrived in Chile in December 2019. British market has complemented its offer with the hybrid MG HS and an electrical station wagon version of MG5.
So, for the next five years, SAIC Motor has the aim to become the fifth-largest car manufacturer in the world (two places above its current rank) and build an automotive group for a superior value of USD $154,5 billion.
