ST Sugon production and sales plummet in February 2025

Liaoning SG Automotive Group (SSE: 600303) announced a sharp decrease in production and sales figures for February 2025. Total vehicle production fell 66.67% year-over-year to just 9 units, while total vehicle sales decreased by 60.20% to 76 units. Specifically, total vehicle production decreased from 27 vehicles in February 2024 to only 9 this year. Within vehicle production, a notable decline occurred in the production of pick-up trucks, with a 70% decrease to 6 vehicles. Component production increased by 88.79% year-over-year. New energy vehicle production for components soared by 303.17%. Component sales increased by 43.07%. The company cautioned that these figures are preliminary and subject to change in its official financial reports.