SAIC-GM, General Motors’ main joint venture in China, just announced that its electric vehicle sales increased again in October.
The Shanghai-based automaker announced that it sold 10,003 electric vehicles during the month of October, representing a new sales record for SAIC-GM’s portfolio of zero-emission models that continues to grow in size and popularity in the Chinese market. That figure – achieved by the EV lineup of the Buick, Cadillac and Chevrolet brands – amounts to a massive 90.7 percent year-over-year increase.
In particular, October becomes the second consecutive month in which SAIC-GM’s electric vehicle sales surpass the 10,000-unit barrier and the fifth consecutive monthly record experienced by the joint venture in China’s domestic market. Surprisingly, October’s volume remained virtually identical to the previous record of 10,002 EVs sold in September.
As usual, SAIC-GM’s strong EV sales performance in October was driven by the all-new Buick Electra E5 – once again establishing itself as the company’s most popular zero-emission vehicle. A total of 3,841 units of Buick’s new all-electric compact to midsize crossover were sold during the month, with cumulative sales reaching approximately 21,000 units since its local launch in April.
The Buick Electra E5’s popularity in China has increased progressively as production levels at the SAIC-GM Wuhan Ultium plant and the availability of different versions of the crossover improve. In fact, at the end of last month, the company launched the 2024 Electra E5 line that added the new entry-level Pioneer Edition to further increase the model’s commercial reach and consolidate it as the spearhead of the brand’s EV strategy.
Curiously, this time around, SAIC-GM only released the specific sales of the Buick Electra E5 and did not share the performance of any other model in the range of electric vehicles that it currently markets in China. The additional information it provided is that the recently launched entry-level variant of the 2024 Buick Velite 6 has had an enthusiastic response and the 5,000 limited-edition units of the vehicle have already been sold out.