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SGMW Keeps a Sound Growth Momentum in a Challenging Circumstance
 
Date:2015-08-18 By:Ming Dong Source:Liuzhou Daily

According to Liuzhou Daily, China’s automobile industry slowed down its rapid development in July. However, SGMW still kept rapid development and became the focus in automobile industry because of its business strategy of developing business and passenger vehicles simultaneously. According to the statistical analysis from China Association of Automobile Manufacturers, the domestic sales amounted to 13.3533 million vehicles in the first 7 months, rose 0.4 percent compared to the same period last year. Sales of SGMW reached 1.13 million vehicles, with an increase of 9.2 percent year on year. More noticeably, sales of domestic passenger vehicles increased by 3.4 percent year on year, while the passenger brand of SGMW, namely Baojun, with a year-on-year rise of 423.5 percent.

Indonesian manufacturing base of SGMW will start construction in August with a planned annual output capacity of 150,000 vehicles. The vehicle will use the brand of Wuling and the base will put into operation in 2017. The base not only ensures SGMW to successfully seize the bridgehead of ASEAN market, but also grasps the key link of “One Belt One Road” initiative.

The second phase of SGMW Baojun production base located in Liudong New District will be completed in late August by responding to the overseas base.

As the second phase with highly-automated production line and innovative technology, such as single – arm continuous automation press line, the production efficiency will increase by 40 percent, with an annual output capacity of 400,000 finished vehicles and engines. As that time, Baojun production base will possess an annual output capacity of 800,000 vehicles and 800,000 engines. SGMW will set up a new energy automobile base and finished vehicle storage center with an annual output of 200,000 vehicles at the completion of phaseⅡ of the projects, and carry out the R&D of new energy vehicles and products for overseas markets.

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