SAIC-GM-Wuling (SGMW), a major Chinese auto joint venture, reported significant vehicle export growth in the first seven months of this year.
SGMW is a joint venture between SAIC Motor, General Motors, and Wuling Motors.
SGMW exported 87,401 vehicles during the period, increasing by 98 percent year on year, surpassing its total export volume of last year.
Its overall sales revenue in overseas markets in the period reached about 4.35 billion yuan ($672 million), increasing by 56 percent compared with the same period in 2020.
There were exports of a total of 24,214 units of the SGMW’s compact crossover SUV model Baojun 530 between January and July, increasing by 170 percent year on year.
The exports of the Baojun 510, another SUV company brand, reached 8,364 units.
After exporting to the countries like Chile, Peru, El Salvador, and Costa Rica, at the end of June, about 1,000 units of its brand Hongguang V were exported to Mexico for the first time.
