Promote core competence construction Saic Motor Corporation Limited(600104) . The sales target of new energy vehicles at the end of the 14th five year plan is 3 million

Chen Hong, chairman of Saic Motor Corporation Limited(600104) said at the annual general meeting of Saic Motor Corporation Limited(600104) in 2021 that SAIC would promote the core capacity-building and product layout of new energy, and group companies such as Zhiji, Feifan, Rongwei and mingjue would launch different types of new energy vehicles such as pure electric and hybrid vehicles, and strive to reach the sales level of 3 million new energy vehicles by the end of Saic Motor Corporation Limited(600104) the 14th five year plan.

Chen Hong pointed out that under the background of “double carbon” strategy, the development of new energy vehicles ushered in important opportunities. On the one hand, SAIC will continue to vigorously promote the core capacity building and product planning and layout of the three technical routes of “pure electricity, hybrid and fuel cell”; On the other hand, SAIC will accelerate the integrated development of electrification and intelligent networking, build the car into a “big terminal” integrating transportation, communication, entertainment, office, social networking and other functions, and drive the simultaneous development of new retail, entertainment and social networking, travel services, network security and other ecological Co construction, as well as the digital transformation of cities such as smart traffic management and smart city operation.

According to Chen Hong, Saic Motor Corporation Limited(600104) Zhiji automobile will launch intelligent electric SUV LS7 in the second half of 2022 in addition to the L7 electric vehicle to be delivered to users; Next year, B-class electric SUV and car products will be launched to accelerate the scale of sales. In addition, Zhiji automobile will launch a new energy vehicle with high integration of science and technology and art from 2024 to 2025. At present, two models have been planned, one of which is class B AIRO and the other is under pre research.

Saic Motor Corporation Limited(600104) ‘s Feifan automobile will launch Jizhi high-grade pure electric SUV R7 and a class B flagship electric car in 2022. From 2023, it will launch three new energy vehicles successively, and increase the exploration layout in new retail and energy supplement ecology.

In the next step, Roewe and mingjue under Saic Motor Corporation Limited(600104) will combine the new hybrid technology to accelerate the development of electric drive. From the second half of 2022, Roewe and mingjue will successively launch a number of high-performance and long-life hybrid models; In terms of pure electric models, Roewe imax8 EV, mg pure electric global model EH32 and pure electric sports car cyberster will also be listed one after another. While expanding the sales scale of new energy, they will speed up the promotion of products and brands.

SAIC GM Wuling has planned more than 10 new energy models in the next few years, which are mainly divided into three platforms: gsev, EQ and fdev, so as to surpass the traditional fuel vehicles in terms of small and micro electric vehicles. In addition, the electrification development of SAIC Volkswagen and SAIC GM, as joint venture vehicle enterprises, will also be further accelerated.

Chen Hong said that during the “14th five year plan” period, SAIC’s new energy vehicles will still maintain a rapid growth momentum, and the sales structure and operation quality will continue to be optimized. By the end of the “14th five year plan”, the proportion of new energy vehicles in SAIC’s sales will exceed 35%, Saic Motor Corporation Limited(600104) strive to reach a new level of production and sales of 3 million new energy vehicles.

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