SAIC Motor managing director of international business Yu De revealed during a media briefing on July 4 that the company expects to open a new manufacturing plant in Europe. He pointed out that in the first half of 2023, SAIC’s total international sales reached 530,000 units—an impressive yearly increase of 40%. Independent brands accounted for 70% of the figure. Specifically, in the European market, MG sales reached 115,000 units during the same period, indicating substantial yearly growth of 143%. SAIC Motor projects overseas sales in 2023 to reach 1.2 million units, with independent brands expected to make up more than 70%. [The Paper, in Chinese]