Chinese cars gained local grip in 2020
published : 19 Jan 2021 at 04:00
newspaper section: Business
writer: Lamonphet Apisitniran
MG car manufacturer and distributor SAIC Motor-CP has set an ambitious target of 40% growth in car sales this year under the expectation of a speedy rollout for Covid-19 vaccinations nationwide, mitigating stymied car sales last year, both domestically and globally.
The Thai-Chinese joint venture expects domestic car sales this year will grow 40% year-on-year to 42,000 units.
Pongsak Lertruedeewattanavong, vice-president of MG Sales Thailand, has reported domestic car sales in 2020 increased by 7% year-on-year to 28,316 units from good customer response in Thailand.
MG expects Thailand's domestic car sales will reach 840,000 units in 2021.
Great Wall Motors (GWM) also announced an all-time high in annual sales volume with 1.11 million units of vehicles sold globally in 2020, an increase of 4.8% from 2019.
The latest performance extended its achievement as an automotive company with sales above 1 million units to five years in a row.
In 2019, GWM has total car sales volume with 1.06 million units.
Sales in December alone amounted to 150,109 units, surging 41.6% from December 2019.
Annual figures exceeded the company's expectations at 109% of the overall sales target it set for last year.
HAVAL is the first Chinese SUV brand to surpass 6 million units with cumulative sales of more than 6.5 million units.
GWM's ORA, a battery electric vehicle (BEV) brand, holds the largest market share in the A00 category of automobiles. ORA sold a total of 56,261 units in 2020.
Of the total, 12,745 units were sold in December alone, representing growth of 380.4% from December 2019.