SAIC MOTOR(600104)2024-08-02 08:56Group 1: Market Performance - In the first half of the year, SAIC sold 1.826 million vehicles, with terminal retail exceeding 2.12 million vehicles, a difference of 300,000 vehicles [2] - The penetration rate of new energy vehicles (NEVs) has increased to over 40%, while fuel vehicle sales continue to decline [1] - SAIC's new energy vehicle retail sales exceeded 520,000 units in the first half of the year, a year-on-year increase of 30% [3] Group 2: Strategic Focus - The company aims to enhance sales by focusing on key brands and models, leveraging national and local consumption promotion policies [2] - SAIC plans to launch one PHEV and two HEV models in the second half of the year to maintain fuel vehicle sales in Europe while expanding into new markets [2] - The company is committed to developing next-generation smart electric vehicles and has launched seven major technology platforms [3] Group 3: Global Expansion - In 2023, SAIC's overseas sales reached 1.208 million vehicles, entering over 100 countries and regions [4] - The company is actively exploring new markets in the Middle East, Australia, South America, and Southeast Asia, tailoring products to meet diverse consumer needs [4] - SAIC has signed technical cooperation agreements with Audi and Volkswagen to develop new energy vehicles in China [4] Group 4: Future Outlook - The market share of new energy vehicles in China is expected to surpass that of traditional fuel vehicles, driven by advancements in solid-state battery technology [2] - The company is focused on maintaining its market value and shareholder interests through effective value management strategies [5] - SAIC's Robotaxi project has commenced operations in multiple regions, with nearly 100 vehicles and over 400,000 kilometers driven [5]