IM, an electric car startup by SAIC Motor, saw its first L7 Beta version roll off the assembly line in late 2021, and is expected to hit the market soon. The carmaker established the SAIC Motor R&D Innovation Headquarters earlier this month. It will gather the group’s superior resources and build an independent R&D team of more than 10,000 members to expand innovation, which will enhance the group’s R&D capability and promote the industrialization of NEVs and intelligent connected vehicles, enabling the high-quality development of SAIC Motor’s self-owned brands.
SAIC Motor’s overseas markets were extremely hot in February this year, with its total sales volume exceeding 56,000 vehicles, up 69.3 percent year-on-year. The sales of MG NEVs in Europe also doubled. This year, with the launch of a slew of futuristic NEVs such as the global model MG EH32, SAIC Motor will see surging growth in the European market, and its self-owned brands are expected to sell 120,000 vehicles in Europe, which will become the first overseas market where its annual sales will exceed 100,000.
