Aug. 7, 2012 (China Knowledge) - SAIC Motor Corp Ltd<600104
>, China's No.1 carmaker, has announced that its auto sales rose 18% YoY to 320,568 units in July this year.
In the first seven months, the group's auto sales reached 2.55 million units, up 12.26% YoY.
Shanghai Volkswagen Automotive Co Ltd, a 50-50 joint venture set up with Volkswagen AG, sold 730,792 cars from January to July, up 11.74% YoY.
Another JV, Shanghai General Motors Co Ltd, which SAIC Motor established with General Motors, sold 706,332 cars in the seven-month period, increasing 9.83% 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 16.92% from the same period of 2011 to 850,976 units.