SAIC Group’s MG brand achieved a significant milestone in 2024, delivering over 700,000 vehicles worldwide, as announced by Zhou Jin, General Manager of the MG brand business department. This achievement underscores MG’s resilience and competitiveness in the global automotive market, even in a complex and fluctuating environment.
The European market emerged as a key growth area for MG, with more than 240,000 units sold in 2024, reflecting a robust 5% increase. This growth solidifies MG’s position as a leading Chinese automotive brand abroad and enhances its appeal among European consumers.
In terms of specific models, the MG Matthery coupe series maintained its dominance in the Chinese coupe market, selling 74,044 units in 2024—a continuation of its 15-year leadership. The MG Cyberster, a notable contender in the electric vehicle segment, secured a 7% market share in China and placed within the top five of the Chinese electric vehicle market, marking a historic milestone for Chinese electric cars globally.
Despite MG’s strong performance, the overall sales of SAIC passenger vehicles faced a downturn in 2024. Total sales reached 707,000 units, marking a 28.3% decline compared to the previous year. MG alone accounted for 507,329 units, highlighting its role as a major contributor to SAIC’s portfolio.
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