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Speed up the sailing! SAIC GM Wuling signs agreement with Indonesia

2024-11-01 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)04/30 Report--

On April 30, SAIC announced that SAIC GM Wuling and the Indonesian government formally signed a memorandum of understanding on investment in new energy vehicle projects, which will expand investment in Indonesia and introduce more new energy models into the local market in the future. At the ceremony, SAIC GM Wuling also delivered a batch of Wuling Air EV, the first global car of Wuling New Energy, to the Indonesian government as a vehicle for the 2023 ASEAN Summit. On the same day, the power battery pack produced by Wuling New Energy supply chain Guoxuan Hi-Tech in Indonesia was officially delivered.

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The Air EV, the first new energy global model of SAIC GM Wuling, was first unveiled and launched in Indonesia in August 2022. Based on the global architecture and global concept, the car locates a mini electric vehicle, which is higher than the Wuling Hongguang MINI EV, when the standard version of the 200km sold for 238 million Indonesian rupees, and the long-lasting version of the 300km sold for 295 million Indonesian rupees, equivalent to about 11-135000 yuan. SAIC GM Wuling officially delivered 300 Air ev on Oct. 26, local time, as the first Chinese new energy vehicle to enter the Indonesian market, and has since become the highest-selling new energy vehicle in a single month in Indonesia. Data show that more than 8600 vehicles have been sold since it went on sale in August 2022, accounting for 80 per cent of the local new energy vehicle market.

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In the Chinese market, Air EV named "clear sky", launched on December 12, 2022, a total of four models, the price range of 6.78-82800 yuan, the power of the whole system are driven by a single motor, two-seater motor maximum power 30kW, peak torque 110Nm; four-seater motor maximum power 50kW, peak torque 140Nm, all CLTC pure electric mileage are 300km. After listing, it mainly competes with Baojun KiWi EV, zero run T03 and small ants and other models. According to the retail data of the Federation of passengers, the cumulative sales of clear skies were 2165 from January to March in 2023, including 632,941,592 from January to March, respectively.

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In fact, this is not the first time SAIC GM Wuling has laid out the Indonesian market. SAIC GM Wuling's first overseas production base was officially put into production in Indonesia as early as 2017. As one of the first Chinese car companies to invest and build factories in Indonesia, SAIC GM Wuling has invested more than US $1 billion there since 2015, and has built vehicle manufacturing plants, parts supplier parks and more than 140 sales and service outlets. SAIC GM Wuling has accumulated vehicle sales (including exports) of more than 90, 000 vehicles in the Indonesian market by the end of last year. According to the data, the total sales of the Indonesian automobile market in 2022 was 1.048 million, of which SAIC GM Wuling sold 30037 vehicles in Indonesia, with a market share of 2.9%, an increase of 17% over the same period last year. Wuling has become the best-selling Chinese car brand in Indonesia.

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Since last year, Chinese car companies have accelerated their "going out to sea", including BYD, Lai, Xiaopeng and other new energy models have landed in overseas markets. According to data released by the China Association of Automobile Manufacturers, Chinese car companies exported 3.111 million vehicles in 2022, an increase of 54.4 percent over the same period last year, surpassing Germany for the first time to become the world's second largest car exporter, including 679000 new energy vehicles, a 1.2-fold increase over the same period last year. Judging from the current data, China's car exports still continue the strong trend of last year, showing a rising trend. Data show that from January to March this year, China exported 994000 cars, an increase of 70.6 percent over the same period last year, of which 248000 new energy vehicles were exported, an increase of 110 percent over the same period last year.

According to the plan, SAIC GM Wuling will take the Indonesian market as a foothold and build Wuling Indonesia into a right rudder car base based on the Indonesian domestic market and radiating Southeast Asia and neighboring countries. Earlier, officials said that the Air EV model, as Wuling's first new energy global car, will be sold in India, Egypt and many countries and regions around the world. According to the plan, SAIC's overseas sales will reach 1.5 million by 2025.

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