BUSINESS SAIC-GM-Wuling posts strong auto export growth in Jan-July period

BUSINESS

SAIC-GM-Wuling posts strong auto export growth in Jan-July period

Xinhua

10:40, August 13, 2021

NANNING -- SAIC-GM-Wuling (SGMW), a major Chinese automobile manufacturer, reported strong vehicle export growth in the first seven months of this year, the company said.

SAIC-GM-Wuling holds a ceremony in celebration of its Baojun 530 vehicles for overseas markets on Aug 6, 2020. [Photo provided to chinadaily.com.cn]

SGMW, located in Liuzhou, South China's Guangxi Zhuang autonomous region, exported 87,401 vehicles during the period, up by 98 percent year-on-year, exceeding its total export volume of last year.

Its total sales revenue in overseas markets in the period reached about 4.35 billion yuan (nearly $672 million), up by 56 percent compared with the same period last year.

A total of 24,214 units of the SGMW's compact crossover SUV model Baojun 530 were exported between January and July, surging by 170 percent year-on-year. The exports of the Baojun 510, another SUV company brand, reached 8,364 units.

Following the countries of Chile, Peru, El Salvador, and Costa Rica, at the end of June, 1,000 units of its brand Hongguang V were exported to Mexico for the first time, the company said.

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