Shanghai International Auto Parts Purchase Center will be officially listed
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Near the end of the year, SAIC shares frequently. The expansion project of SAIC Automotive Engineering Research Institute will be laid in Jiading International Automobile City. At the same time, the Shanghai International Auto Parts Purchase Center jointly initiated and established by a number of companies, including SAIC, will be officially listed in Anting, Jiading. .
2005 was the last year of the "Tenth Five-Year Plan" period. SAIC Motors continued its success and successfully completed the "Tenth Five-Year Plan". It is expected that the entire vehicle production and sales volume of SAIC Motor will exceed the one-million mark throughout the year. At the same time, the SAIC Motor Corporation also reported a success in overseas operations. As of November, SAIC Motor’s export earnings reached US$778 million, an increase of 24.8% over the same period of last year.
Shanghai Volkswagen, a major passenger car company under SAIC Motor, bravely broke through the traditional sales model and took the lead in adopting a series of innovative marketing methods. At the end of the year, it launched the PASSAT collar that integrates international advanced design concepts with localized innovations, which has allowed the auto market to heat up. After Shanghai GM actively implemented the "multi-brand strategy," new vehicles were sold out and sales increased steadily. As of November, it had been ranked first in sales of passenger vehicles in the country for nine consecutive months and is expected to win the annual sales championship.
SAIC Ssangyong successfully completed a hundred days of integration, based on market demand to launch a variety of new cars, praised by domestic and foreign markets. In the Korean domestic SUV market under the influence of soaring oil prices, SAIC Ssangyong boosted sales by aggressively expanding the international market. As of November this year, SAIC Motor Shuanglong exported 59,767 vehicles, an increase of 115.5% over the same period of last year. Sales volume has reached 123,766 units, a year-on-year increase of 3.7%.
In terms of commercial vehicles, SAIC has initially built a national strategic layout of “East-West linkage†and focused on the development of a “big†(heavy vehicle) and a “small†(mini vehicle) market. In the heavy-duty vehicle sector, SAIC's subsidiary SAIC Huizhong released the heavy-duty truck fleet "Shark" at the foot of Mount Tai; in addition, SAIC and Iveco and Chongqing Heavy Duty Truck signed a strategic cooperation framework agreement for the reorganization of Chongqing Hongyan Automobile Co., Ltd. . In the field of mini vehicles, SAIC-GM-Wuling achieved outstanding performance. As of November, SAIC-GM-Wuling’s production and sales growth both exceeded 40%, and it achieved the largest increase in the micro-vehicle market.
2006 is the initial year of the “Eleventh Five-Year Plan†and is also a key year for SAIC Motor to fully implement the “Eleventh Five-Year Planâ€. As an important part of the “Eleventh Five-Year Planâ€, building a self-owned brand is an important task for SAIC Motor to integrate resources and invest in all aspects. At the time of reunification, the foundation for the expansion project of the SAIC Automotive Engineering Research Institute will provide SAIC Motor Co., Ltd. with a high starting point to provide technical support and protection for SAIC Motors with international competitiveness. In the past year, the performance of SAIC Motor Co., Ltd. was wonderful. In the new year, SAIC Motor will have more exciting performances.