Shanghai Auto Sales target 4 million vehicles this year

Shanghai Auto (600104) President Chen Hong yesterday in the "2011 Shanghai Auto Show" to receive media interviews, said this year, Shanghai Auto sales will achieve 4 million targets, by 2015, Shanghai Automobile will strive to achieve sales of 6 million vehicles, of which the independent brand and the local development of cars to reach the total sales of 50%,　　Sales of vehicles from overseas have reached 800,000 vehicles. The 2011 Shanghai Auto Show is the biggest auto show for the world scale this year. Shanghai Auto This time with a strong new energy lineup to participate in the biggest bright spot. Concentrated display of the 550 plug-in electric hybrid car, 350 pure electric sedan, E1 pure electric concept car, Shanghai brand plug-in fuel cell car, "leaf" concept car and other 5 new energy vehicles, as well as a number of new energy core components.　　The first public debut of the 550 plug-in hybrid car, fuel-saving rate of 50%, hundred kilometers comprehensive fuel consumption of only 2.7L, and meet the country's 5 emission standards. According to the introduction, by 2015, SAIC-produced new energy vehicles in the domestic market share of about 20%.　　All-electric cars will be mass-produced next October, while plug-in hybrids will be approved by the end of next year. Chen Hong Frankly, because the battery core technology short-term difficult to break through, leading to the current high cost of electric vehicle production. At present, our country in several key cities to the new energy vehicle subsidy support policy will be continued in the next few years, subsidies after the new energy vehicles in the price and the traditional car no obvious difference. For Shanghai cars, in the new energy vehicles not only to do the whole car, but also in the core components to complete the basic layout.　　In addition, the joint venture's own brand development will focus on new energy vehicles. As the largest car company in the market value of the domestic A, Shanghai automobile announces Twelve-Five business target. Chen Hong said that in 2010, Shanghai car sales exceeded 3.58 million vehicles, continue to maintain the domestic auto market sales First, this year's target of 4 million vehicles. According to the company's Twelve-Five plan, by the end of 2015, Shanghai Automobile will strive to achieve the full vehicle sales of 6 million vehicles, the independent brand and the localization of research and development of cars up to 50% of total sales, including the Glory, MG, Baojun three brand sales will reach 1 million, the sales of overseas vehicles reached 800,000. In the development of investment, the Prophase SAIC has invested 12 billion yuan, the next five years will also invest 22 billion yuan.　　Trade in services, including car sales, automotive logistics and other overall sales than the end of Eleven-Five doubled, to 60 billion yuan. To judge the trend of the domestic automobile market in the future, Chen Hong predicts that China's auto sales will return to a steady growth from the past two years, which is expected to grow by 10% this year, passenger car growth of about 10% and commercial vehicles at 5%.　　China's car sales in the next five years will be expected to maintain double-digit growth levels. On the achievement of overseas sales, Chen Hong said most of the output from SAIC's overseas exports will be manufactured abroad, with sales in India now growing faster. Last February, SAIC's 50% stake in GM India, the two sides jointly developed IndiaDegree market.　　Last year the joint venture sold 110,000 vehicles in India, growing by about 50% per cent, faster than the growth rate of about 30% in the Indian market. Chen Hong that the Indian model could be considered, and GM's GM-branded car would also produce its own brand, thereby achieving a total win. The Indian market is expected to contribute 250,000 ~30 million vehicles, while SAIC will build another base in overseas, contributing about 250,000 units of sales. In addition, April 12 this year, the SAIC-UK factory production of the MG6 sedan, the impact of MG in the UK if it can continue to maintain, to expand the European market. Responsible Editor: NF045