SAIC Motor expects net profit to grow by 10% to 18% in the first quarter of 2025

SAIC Motor recently announced that according to the preliminary forecast of the financial department, it is expected to achieve a net profit of 3 billion to 3.2 billion yuan in the first quarter of 2025, an increase of 290 million to 490 million yuan over the same period last year, a year-on-year increase of 10% to 18%. This growth is mainly due to the steady growth in sales. In the first quarter of this year, SAIC Motor sold 945,000 vehicles in batches, a year-on-year increase of 13.3%, and the cumulative terminal deliveries exceeded 1.08 million vehicles.