China's biggest automaker expects domestic car sales to pick up in second quarter

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With promotion and more premium products, SAIC is aiming for sales to outperform the overall Chinese market this year, Chen Hong, chairman of the Shanghai-based automaker, said in a written statement.

Chen added SAIC plans to roll out first product under Audi (DE:NSUG) marque in early 2022. SAIC Motor has partnerships with Volkswagen (DE:VOWG_p) and General Motors (N:GM).