Jul. 9, 2012 (China Knowledge) - SAIC Motor Corp Ltd<600104
>, China's No.1 carmaker, has announced that its auto sales rose 11.91% YoY to 355,512 units in June this year.
In the first six months, the group's auto sales reached 2.23 million units, up 11.41% YoY.
Shanghai Volkswagen Automotive Co Ltd, a 50-50 joint venture set up with Volkswagen AG, sold 636,700 cars from January to June, up 10.37% YoY.
Another JV, Shanghai General Motors Co Ltd, which the SAIC Motor established with General Motors, sold 671,500 cars in the six-month period, increasing 9.71% from the same period of last year.
SAIC-GM-Wuling Automobile Corp, a joint venture of General Motors, Shanghai Automotive Industry Corp and Liuzhou Wuling Motors Co, saw its sales grow 15.90% from the same period of 2011.