SAIC Hongyan suffers heavy losses

Judging from the financial data, SAIC Hongyan's losses are also very serious. SAIC Hongyan suffered huge losses from 2022 to 2024, with losses of approximately 1.7 billion yuan, 2.4 billion yuan, and 2.19 billion yuan respectively. Sales continued to decline from 2021 to 2024, from 63,000 vehicles in 2021, ranking sixth in the industry, to 5,511 vehicles in 2024, falling out of the top ten in the industry.