Kicking off 2026 on a high note, SAIC Commercial Vehicles’ multi-brand synergy has laid a solid foundation for high-quality growth throughout the year. In January, SAIC Commercial Vehicles sold 20,440 units, a year-on-year increase of 21%, with new energy vehicle (NEV) sales surging by 54% YoY. Domestic sales reached 11,067 units (+28% YoY), while overseas sales hit 9,373 units (+14% YoY). The remarkable results in NEV transition and global expansion have further consolidated its leading position in the commercial vehicle industry.
Multi-Brand Synergy Drives Steady Growth
In January, all brands under SAIC Commercial Vehicles delivered strong performances, forming a momentum of synchronous progress.
- Light Bus Segment: MAXUS’s “Xintu” and “Dana” light bus series sold 7,010 units (+19% YoY), continuing to reinforce their leading position in the niche market.
- Light Truck Segment: “Industry Dark Horse” Yuejin sold 3,512 units, a dramatic 77% YoY increase.
- Pickup Segment: Maintained robust growth with 5,924 units sold (+26% YoY). Leveraging outstanding product adaptability and reliability, it further solidified its leading position among Chinese pickup exporters.
In industrial chain ecosystem development:
- IVECO launched strategic cooperation with Rizhao Dachi Automobile and Huatie Fengtu RV in January, aiming to build a complete industrial chain from R&D and manufacturing to rental services. The first batch of 300 RVs will enter the rental market by May.
- Component subsidiary New Power Technology sustained growth, selling 17,217 engines in January (+22.9% YoY). Its independent exports soared by 146.5% YoY, demonstrating increasingly strong global market competitiveness.
The “Wealth-Creation Star” Dana series continued its blockbuster momentum. Following a sharp sales increase last year, it delivered another strong performance in early 2026, with January sales surging 90% YoY.
- Dana V1L: Known as the “loading efficiency expert” for logistics scenarios.
- Dana M1: Dubbed the “space magician” for passenger transport and multi-scenario shuttling.
With long range and high reliability, the Dana series has become the preferred choice for urban distribution logistics and individual wealth creators.
NEV Transition Accelerates as Core Growth Engine
While overall sales maintained steady growth, the NEV segment stood out with a 54% YoY sales surge, becoming a key driver of growth.
- MAXUS Yuejin: Delivered exceptional performance with 1,895 NEV units sold (+161% YoY), accelerating its transition pace. Its Chaoyue H500 Daniu G model won the “2026 User-Trustworthy Dual-Fuel Light Truck for Urban Distribution” award, highlighting comprehensive strength in traditional energy technology upgrading and NEV layout.
- MAXUS: Advanced NEV development across light buses, pickups, MPVs and other segments, with NEV sales rising 17% YoY.
- Hongyan: Focused on heavy-duty NEV development, recently signing a tripartite cooperation agreement with Xinjiang Zhundong Economic and Technological Development Zone and Youdao Zhitu. The partnership aims to build an integrated new energy autonomous mining truck project with an annual capacity of 1,000 units, empowering high-quality regional economic development with new quality productive forces.
- Sunwin: Took the lead in completing full NEV transition in the bus segment.
Joint efforts across brands are driving SAIC Commercial Vehicles’ full product lineup toward green and low-carbon transformation.
Overseas Expansion Delivers Remarkable Results, Global Layout Enters New Phase
In January, SAIC Commercial Vehicles’ overseas sales reached 9,373 units (+14% YoY), with outstanding performance in high-end markets:
- Topped NEV light commercial vehicle sales in Norway, Singapore and other markets.
- Maintained a leading position in Australia’s large VAN segment.
- Dominated Hong Kong’s pure electric VAN market with the eDeliver 5 (Dana V1) and led the MPV market with the MIFA series, consolidating advantages across multiple overseas niche markets.
The global strategy has also advanced in depth. At the start of 2026, MAXUS officially announced the full implementation of its “Glocal Strategy” in Italy – “Global Brand + Localized Ecosystem”. Leveraging mature European operational experience and customized solutions, it will deepen penetration in this key commercial vehicle market, planning to launch 8 new or facelifted models in Italy in the next few years. This not only marks a new phase in SAIC’s global layout but also provides a practical model for Chinese commercial vehicle brands to upgrade from “product export” to “system operation” in overseas markets.
Outlook for 2026
In 2026, SAIC Commercial Vehicles will continue to deepen its dual-core strategy of “NEV Transition” and “Globalization”. It will strengthen technological R&D and product iteration, improve the global sales and service network, and through multi-brand synergy and full-value chain innovation, continuously provide users with more valuable commercial vehicle solutions. SAIC aims to lead China’s commercial vehicle industry toward high-quality development in the global market.
