According to reports, both parties jointly invested US$1.5 billion in the joint venture (Note: currently about 10.815 billion RMB). JSW Group holds 35% of the shares, SAIC holds 49%, and the rest is funded by local financial institutions, automobile Dealers and some employees participate in shareholdings.

JSW MG Motor India will primarily manufacture and sell MG electric vehicles in India and create a strong supply chain to enhance local sourcing.

In addition, the joint venture plans to launch a new product every three to six months, focusing on new energy vehicles. It will launch two new products this year and will also enter the high-end passenger car market in the future.

Sajjan Jindal, chairman of JSW Group, said that the group has been seeking opportunities to enter the Indian automobile market, and the rise of new energy vehicles has allowed it to see opportunities to enter. And MG’s technical advantages make it a good partner. In terms of market competition strategy, Jindal believes that the joint venture may follow the example of Maruti Suzuki and seek market share breakthroughs through the rapid launch of models. It is understood that the joint venture aims to increase its share of India’s new energy vehicle market from 2% to 33% by 2030, and plans to sell 1 million electric passenger cars in 2030.

The company aims to take a leading position in new energy vehicles by 2030 and is committed to becoming carbon neutral by 2029. Currently, more than 60% of the energy needs of the company’s Halol (Gujarat) manufacturing operations come from renewable resources.

JSW MG Motor India will also focus on creating a large number of jobs and nurturing talent in the country and the company will also work towards grooming 100,000 students and employees with the required expertise in EV, autonomous and connected car technologies.

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According to reports, SAIC-GM-Wuling is fully promoting the “125 Project”. Currently, it has focused on building R&D innovation capabilities, building a double-million product cluster, and building five tens-billion-level independent industrial chains. It is planning 83 projects on a rolling basis, involving an investment of 43 billion RMB.

In 2023, SAIC-GM-Wuling’s annual vehicle sales reached 1.403 million vehicles. 11 products including Wuling Bingo, Baojun Yueye, Baojun Yunduo, and Wuling Starlight were put into production. New models contributed to sales of more than 370,000 vehicles throughout the year. The three popular new energy vehicles, Wuling Bingo, Wuling Hongguang MINI third-generation Macaron, and Wuling Starlight, have increased the value of bicycles by 16%.

The company currently plans 65 projects and implements 41 projects around five tens of billions of independent industry clusters. 38GWh of energy systems have been completed (localization rate 38%), 1.2 million sets of smart electric drives have been completed (localization rate 53%), and 1.3 million sets of electronic controls have been completed (localization rate 8%); in 2023, the local supporting rate of electricity, electricity, and electricity will reach 33%, and has put into production 20GWh of Xicripu battery cells, 100,000 sets of electric drives from CRRC Times, 100,000 tons of electrolyte from Farnsek, etc., with a production value of over 50 billion RMB.

It is learned that SAIC-GM-Wuling (including overseas bases) will sell 459,000 new energy vehicles in 2023. Therefore, the target for 2024 will increase significantly, with a year-on-year increase of 52.5%.

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Attached are configuration information:

Roewe D5X adopts a trapezoidal grille design in the front and is equipped with through-type headlights. The sides and rear of the body adopt a hidden design. It provides 18-inch, 19-inch and 20-inch rims; length, width and height are 4700/1890/1664 mm, and the wheelbase is is 2765 mm and is positioned as a compact SUV.

The interior of the car adopts a suspended dual-screen design, retaining a small number of physical buttons. The steering wheel is similar in shape to the Roewe D7, and is equipped with a crystal gear lever, which enhances the interior quality.

In terms of power, the Roewe D5X is equipped with a new 1.5T turbocharged hybrid special engine. The maximum engine power is 110 kilowatts and the maximum electric motor power is 153 kilowatts. It is matched with a high-efficiency dual-motor hybrid drive. The WLTC comprehensive fuel consumption per 100 kilometers is 1.27 liters. The fuel consumption is 5.25 liters, the CLTC pure electric cruising range is 135km, and the CLTC comprehensive cruising range is 1,300km.

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 Heartbeat version: 319,800 RMB

 Transcendent Zhiyuan Edition: 339,800 RMB

 Legend four-wheel drive version: 359,800 RMB

The car adopts a two-door, two-seater soft-top convertible design, with length, width and height of 4535/1913/1329mm respectively, and a wheelbase of 2690mm. At the same time, officials call it the world’s only scissor door + soft-top convertible, with an electronically controlled scissor door with a 61° “golden opening and closing angle”.

In terms of configuration, the car has a built-in Qualcomm 8155 chip, the car is equipped with Unreal Engine, supports real-time rendering, and the cockpit adopts an enveloping triple-screen layout. In addition, the car is equipped with a BOSE sound system.

In terms of power, the car will provide two single motors with low power of 231kW and high power of 250kW, as well as a dual-motor four-wheel drive model equipped with a 150kW permanent magnet synchronous motor on the front axle and a 250kW permanent magnet synchronous motor on the rear axle. up to 3.2 seconds. The new car is available with two capacity batteries, 64kWh and 77kWh, corresponding to the three models’ cruising ranges of 501km, 520km and 580km respectively.

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In October, SAIC sold 104,000 new energy vehicles, a year-on-year increase, ranking second among Chinese automakers. SAIC Motor sold 111,000 vehicles in overseas markets in October, a year-on-year increase of 32.3%.

SAIC said that the Roewe D7 DMH will be launched on November 8, equipped with the “most powerful hybrid” DMH super hybrid system, the industry’s first “hybrid control brain” PICU, saving 70% of redundant components, and increasing the system computing speed by 50%. , the power response only takes 0.26 seconds.

It is said that Wuling Bingo sales exceeded 26,000 units in October and is sprinting towards the top spot in the market segment.

In terms of joint venture brands, SAIC Volkswagen sold 16,000 new energy vehicles in October, a year-on-year increase of 136%. SAIC-GM’s new energy vehicle sales exceeded 10,000 units, a year-on-year increase of 90.7%.

In developed European markets, SAIC’s MG brand sold a total of 200,000 units in the first 10 months of this year (of which new energy vehicles accounted for 50%), a year-on-year increase of more than 130%, which exceeded the whole of last year.

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SAIC’s cumulative wholesale sales in overseas markets reached 838,000 units in January-September, a year-on-year increase of 21.8%. SAIC’s own brand MG sold 28,000 units in the European market in a single month, doubling year-on-year, and MG ZS successfully won the monthly sales title of a single model in the Spanish auto market.

The major automobile enterprises in September car sales (up to the time of publication):

• BYD September new energy vehicle sales of 287,500 units, up 43% year-on-year; the cumulative sales in the first nine months was 2,079,700 units, up 76.23% year-on-year.
• Chery Automobile sold 190,000 units in September, with cumulative sales of 12,533,000 units in the first three quarters.
• Geely’s September sales of 170,500 units, up 31% year-on-year, hit a record high.
• Changan Automobile’s sales of new energy vehicles under its own brand exceeded 50,000 units, with 3,083 units of Avita 11 delivered and 17,370 units of Deep Blue delivered, up 17.9% year-on-year.
• GAC Motor delivered 51,596 new vehicles in September, up 72% year-on-year, and the cumulative sales volume from January to September totalled 350,986 vehicles, up 93% year-on-year.
• Li Auto delivered 36,060 vehicles in September, up 212.7% year-on-year.
• Wuling Bengo sold 24,650 vehicles in September, with cumulative sales of 126,174 vehicles.
• SAIC-Volkswagen’s ID. family ordered more than 20,000 units in September, of which the ID.3 model accounted for 15,000 units, and cumulative sales of the ID. family had exceeded 160,000 units by the end of September.
• Zero Run Auto delivered 15,800 units in September, with a total of 44,325 units delivered in the third quarter.
• Nio delivered 15,641 new vehicles in September, up 43.8% year-on-year, and 55,432 vehicles in the third quarter, up 75.4%.
• Xpeng Auto delivered 15,310 new vehicles in September, up 81% year-on-year.
• Hozon Auto delivered 13,211 units in September, with cumulative deliveries in the Thai market exceeding 10,000 units.
• SAIC-GM’s new energy vehicle sales of 10,002 units in September increased 168% year-on-year.
• Voyah Auto delivered 5,010 units in September, up 99% year-on-year. Cumulative sales from January to September increased by 102% over the same period.
• Skyworth Auto delivered 3,635 units in September 2023 and exported 1,420 units overseas, up 142% year-on-year.
• Smart delivered 2,621 units of new cars in September in China, with a cumulative total of 42,866 units delivered.
• ArkFox Motors delivered 2,016 new vehicles in September, with a cumulative total of 14,501 vehicles delivered from January to September.
• HiPhi Y model delivered 1,556 units in September, up 52.4% from a year earlier.
• Kia’s September sales reached 21,859 units, up 35% year-on-year and 17% sequentially, with new energy models accounting for 31% of the total.
• Kia Motors’ global sales in September were 261,000 units, up 4.8% year-on-year.
• Volvo Cars sold 61,666 vehicles globally in September, up 25% year-on-year, including 15,460 vehicles in China.
• SAIC Group sold 482,000 vehicles in September, up 4.8% year-on-year.

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During the reporting period, SAIC realized 2,072,000 units of vehicle sales and 2,238,000 units of end-user retail sales, and its monthly sales volume increased sequentially from the first quarter to the second quarter. Among them, sales in the second quarter increased by 32.5% compared with the first quarter, outperforming the market; SAIC’s sales in overseas markets reached 533,000 units.

SAIC announced that it has formulated a “Three-Year Action Plan for New Energy Vehicle Development”, and promoted the implementation of four important initiatives:

1. Innovative organization system to speed up response speed. The company set up a three-year action plan for the development of new energy vehicles command, the independent brand of new energy business development of major issues for rapid decision-making, and the establishment of ZhiJi automobile, passenger car company, two major attack team, the use of "strong project" management mechanism, cooperation with key enterprises to build a "close cooperation circle Adopting the "strong project" management mechanism and building a "close cooperation circle" with key enterprises to gather resources and accelerate project promotion.

2, clear brand positioning, improve the product camp. The company has further clarified the positioning of its own brands, such as Zhiji, Feifan, Rongwei, MG, Wuling, etc., to form a new energy brand camp with full coverage of "high, medium and low, domestic and international" markets; meanwhile, in terms of product layout, it is planned that Zhiji Automobile will launch 3 new pure electric models by 2025, and SAIC Passenger Vehicle will launch 10 new models to fully enhance its position in pure electric models, and to improve its position in pure electric models. Meanwhile, in terms of product layout, it is planned that by 2025, Wise Auto will launch 3 new pure electric models, and SAIC Passenger Vehicle Company will launch 10 new models to comprehensively enhance product competitiveness in pure electric and plug-in hybrid markets.

3. Enhance the core competence and strengthen the development momentum. SAIC has set up and implemented four core technology research projects, including "new-generation full-stack 3.0 intelligent vehicle solutions, EV energy closed-loop technology, advanced manufacturing integration technology, and centrally coordinated motion controller (VMC) technology", and has comprehensively improved its cost competitiveness in multiple dimensions, such as technology, efficiency, and scale, through shared platforms, agile development, supply chain optimization, and many other initiatives. Through sharing platform, agile development, supply chain optimization and other initiatives, the company has comprehensively improved its cost competitiveness from technology, efficiency and scale.

4. Change the system and mechanism to stimulate energy and vitality. The company has formulated special working rules for the relevant organizational structure on the new track, incorporated them into the internal control system, optimized the decision-making process, and formed a closed-loop management; implemented special assessment and incentives, and the relevant attack team has signed the "military order", and the winners are rewarded and the losers are punished, so as to stimulate the "spirit" of full dedication, enterprising, and the necessity to fight and win. "The team signed a special assessment and incentives.

SAIC said that in the first half of the year, SAIC sold 372,000 units of new energy vehicles, ranking second among Chinese automobile enterprises, and has maintained a “month-on-month increase” since January. 91,000 units of new energy vehicles were sold in July, hitting a new record high for the year, and the third quarter will be a sprint to “100,000 units sold per month”. “In July, SAIC sold 91,000 units of new energy vehicles, another yearly high, and will strive to sell 100,000 units per month in the third quarter.

SAIC also revealed the subsequent product development plan

summary as follows:

In the third quarter of this year, the LS6 will be equipped with an 800V silicon carbide electric axle, with an acceleration performance that is said to be “comparable to that of a million-grade supercars”, and a charging capacity of 200 kilometers in 5 minutes; subsequent to this, the autonomous tram will easily enter the “2-second acceleration club”.

In 2024, SAIC will promote large-scale mass production of solid-state battery technology, which is said to have “doubled energy density, higher safety performance, and lower cost”.

In 2024, “Vehicle Central Coordinated Motion Controller (VMC)” will be mass-produced, enabling vehicles to maintain body stability under different driving modes and complex road conditions.

By 2025, “Centralized Computing + Regional

The post SAIC Semi-Annual Report 2023: EV Sales of 372,000 Units, Ranking Second in China appeared first on TechGoing.

In July, the sales of new energy vehicles of SAIC Passenger Vehicles (including overseas bases) exceeded 28,000 units, up 29% year-on-year; the sales of ZhiGi vehicles increased 111% year-on-year, and the sales of Feifan vehicles increased 47% year-on-year; the monthly sales of SAIC-GM-Wuling Colorful Electric Vehicle exceeded 20,000 units, and the new pure-electric vehicle model “Yunduo” opened blind orders, and “orders broke ten thousand” within 10 days. The new pure electric model “Yunduo” opened blind orders, and within 10 days, the number of orders exceeded 10,000 units.

In January-July, SAIC’s new energy vehicle sales totaled 463,000 units; overseas market sales totaled 630,000 units, a year-on-year increase of 31.6%; SAIC’s own brand MG’s sales in the European market totaled 135,000 units, a year-on-year increase of 148%, and sales of the MG4 electric car in Europe in the first half of the year exceeded 30,000 units.

SAIC Group was informed that by 2025, the proportion of SAIC independent brand will reach 60%, the proportion of new energy vehicles reached 50%, the proportion of intelligent networked vehicles accounted for more than 50%, and the proportion of overseas sales accounted for more than 20%.

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Among them, the 800V silicon carbide platform model will be put into use on the third model of the Zhiji brand in the second half of 2023, and the solid-state battery is expected to be launched in 2024, and it will also be the first to be equipped with the Zhiji brand model. In 2025, the application of solid-state batteries in entry-level products will be realized.

In addition, SAIC stated that “both 800V and battery replacement will be done”, because both have the characteristics of fast energy replenishment. As for the positioning of its brands such as Zhiji and Feifan, SAIC explained that Zhiji will be the first to apply the latest technology to meet users’ needs for power and intelligence; Feifan and Roewe will be more oriented to families and mass users.

According to previous reports, Liu Tao, CEO of Zhiji Automobile, warmed up his third model at the end of last month, the coupe SUV LS6. Its single-motor and dual-motor models have completed the declaration of the Ministry of Industry and Information Technology, and are expected to debut at the Chengdu Auto Show. The car is developed based on an 800V silicon carbide platform. It claims that the zero-to-hundred acceleration time is less than 3.5 seconds, and the top speed can reach 252km/h.

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▲ Photo Source SAIC Motor

SAIC Motor calls this program its own “social leasing” service. “Social leasing” is a service the French government is planning to make electric cars cheaper. The plan has been delayed several times because French authorities fear it will mainly benefit Asian brands and not help electric cars made in Europe.

Citing sources, Reuters reports that the French government’s “social leasing” program will be launched later this year and officially implemented in 2024. The first European-built budget electric cars will enter the market at that time, including the Citroen e-C3 from Strandis and the R5 from Renault.

The MG4, imported from China, was the fifth best-selling electric car in France in May, according to Avere-France, the French electric vehicle association.

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