SAIC aims to triple overseas sales by 2025
China's largest carmaker SAIC Motor wants to triple its overseas auto sales to 1 million units by 2025, a senior company official said.
The Shanghai-based company, which sold around 7 million vehicles last year with its own brands and joint ventures with Volkswagen and General Motors, makes up just under a quarter of China's auto market.
«SAIC's overseas sales would hit 350,000 units this year and we will strive to sell more than half a million next year. By 2025, we aim to have a market size of 1 million units a year» Yu De, deputy president of SAIC told reporters in Shanghai.
He said also the company systematically plan its overseas operations, from supply chain to logistics.
As China's overall market continues to decline after its first annual contraction last year since the 1990s, the company's sales also dropped 13.7 percent in the first ten months this year.